Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Lbp Am Sa

LBP AM SA increased its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 24.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,293 shares of the company's stock after buying an additional 4,561 shares during the period. LBP AM SA's holdings in Airbnb were worth $2,783,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ABNB. Norges Bank purchased a new position in Airbnb in the fourth quarter worth about $433,374,000. Clearbridge Investments LLC grew its position in Airbnb by 147.3% in the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock worth $571,505,000 after acquiring an additional 2,590,475 shares in the last quarter. Two Sigma Advisers LP grew its position in Airbnb by 512.0% in the fourth quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company's stock worth $404,782,000 after acquiring an additional 2,577,000 shares in the last quarter. Principal Financial Group Inc. grew its position in Airbnb by 74.4% in the first quarter. Principal Financial Group Inc. now owns 3,255,682 shares of the company's stock worth $388,924,000 after acquiring an additional 1,389,251 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its position in Airbnb by 119.7% in the first quarter. Assenagon Asset Management S.A. now owns 1,506,704 shares of the company's stock worth $179,991,000 after acquiring an additional 820,887 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

Insider Activity

In related news, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction on Monday, July 7th. The shares were sold at an average price of $136.40, for a total transaction of $32,190,400.00. Following the sale, the director directly owned 708,015 shares in the company, valued at $96,573,246. This trade represents a 25.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $137.21, for a total transaction of $82,326.00. Following the sale, the chief technology officer owned 210,977 shares in the company, valued at $28,948,154.17. This represents a 0.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,629,743 shares of company stock worth $210,759,029. 27.83% of the stock is currently owned by corporate insiders.

Airbnb Price Performance

Shares of ABNB traded up $3.22 during midday trading on Monday, reaching $138.57. The stock had a trading volume of 4,571,527 shares, compared to its average volume of 5,037,109. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93. The company's fifty day simple moving average is $133.00 and its two-hundred day simple moving average is $130.57. The company has a market cap of $86.80 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 2.53 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share 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 analyst estimates of $2.26 billion. During the same quarter in the previous year, the business posted $0.41 earnings per share. Airbnb's revenue for the quarter was up 7.4% compared to the same quarter last year. On average, sell-side analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

ABNB has been the subject of several recent research reports. B. Riley dropped their price target on Airbnb from $145.00 to $140.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Royal Bank Of Canada dropped their price target on Airbnb from $160.00 to $140.00 and set a "sector perform" rating for the company in a research report on Friday, May 2nd. Morgan Stanley boosted their target price on Airbnb from $125.00 to $130.00 and gave the company an "underweight" rating in a research report on Thursday, April 17th. UBS Group dropped their target price on Airbnb from $160.00 to $138.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Finally, Piper Sandler dropped their target price on Airbnb from $145.00 to $132.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Airbnb has an average rating of "Hold" and an average target price of $141.47.

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.