KBC Group NV Has $10.42 Million Stake in Airbnb, Inc. (NASDAQ:ABNB)

KBC Group NV decreased its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 31.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,198 shares of the company's stock after selling 40,856 shares during the quarter. KBC Group NV's holdings in Airbnb were worth $10,417,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ABNB. Smartleaf Asset Management LLC boosted its holdings in shares of Airbnb by 31.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,182 shares of the company's stock valued at $288,000 after acquiring an additional 523 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Airbnb by 43.0% during the 4th quarter. Jones Financial Companies Lllp now owns 7,166 shares of the company's stock worth $942,000 after buying an additional 2,155 shares during the period. Plato Investment Management Ltd lifted its holdings in Airbnb by 36.1% during the 4th quarter. Plato Investment Management Ltd now owns 12,395 shares of the company's stock worth $1,635,000 after buying an additional 3,290 shares during the period. LGT Fund Management Co Ltd. acquired a new position in Airbnb during the 4th quarter worth about $2,103,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Airbnb by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,790,644 shares of the company's stock worth $366,719,000 after buying an additional 84,348 shares during the period. Institutional investors and hedge funds own 80.76% of the company's stock.

Wall Street Analysts Forecast Growth

ABNB has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on Airbnb from $160.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Canaccord Genuity Group cut their target price on Airbnb from $190.00 to $180.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Citigroup cut their target price on Airbnb from $170.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, May 5th. JMP Securities reaffirmed a "market perform" rating on shares of Airbnb in a report on Friday, May 2nd. Finally, Cantor Fitzgerald reaffirmed an "underweight" rating and set a $100.00 target price on shares of Airbnb in a report on Wednesday, May 14th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Airbnb has an average rating of "Hold" and a consensus target price of $141.23.

Airbnb Trading Up 0.8%

Airbnb stock traded up $1.11 during midday trading on Friday, reaching $136.50. The stock had a trading volume of 2,628,584 shares, compared to its average volume of 5,042,851. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The company has a market capitalization of $85.50 billion, a P/E ratio of 34.47, a PEG ratio of 2.56 and a beta of 1.13. The company has a fifty day moving average price of $131.74 and a two-hundred day moving average price of $130.50.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). Airbnb had a net margin of 22.60% and a return on equity of 30.91%. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the previous year, the firm earned $0.41 earnings per share. The business's quarterly revenue was up 7.4% on a year-over-year basis. On average, equities research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 8,000 shares of Airbnb stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $128.33, for a total transaction of $1,026,640.00. Following the completion of the transaction, the chief executive officer owned 40,800 shares in the company, valued at approximately $5,235,864. The trade was a 16.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $128.66, for a total value of $30,363,760.00. Following the transaction, the director owned 1,416,015 shares of the company's stock, valued at $182,184,489.90. This trade represents a 14.29% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,607,528 shares of company stock worth $201,688,571. Insiders own 27.91% of the company's stock.

Airbnb Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.