Airbnb, Inc. $ABNB Shares Acquired by Nissay Asset Management Corp Japan ADV

Key Points

• Nissay Asset Management Corp Japan ADV increased its stake in Airbnb, acquiring an additional 8,768 shares, bringing its total holdings to 105,195 shares valued at $12.57 million.
• Multiple institutional investors, including Vanguard Group and Harris Associates, have also raised their stakes in Airbnb by significant percentages during the first quarter.
• Airbnb's stock has shown a price range between $99.88 and $163.93 over the past year, currently priced at approximately $123.81.

Nissay Asset Management Corp Japan ADV grew its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 9.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 105,195 shares of the company's stock after purchasing an additional 8,768 shares during the quarter. Nissay Asset Management Corp Japan ADV's holdings in Airbnb were worth $12,567,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. MJP Associates Inc. ADV increased its holdings in shares of Airbnb by 1.8% during the fourth quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock valued at $490,000 after purchasing an additional 67 shares during the period. Ellevest Inc. grew its holdings in shares of Airbnb by 3.1% in the 4th quarter. Ellevest Inc. now owns 2,655 shares of the company's stock worth $349,000 after purchasing an additional 80 shares during the last quarter. Harbour Investments Inc. lifted its position in shares of Airbnb by 12.2% during the first quarter. Harbour Investments Inc. now owns 738 shares of the company's stock worth $88,000 after purchasing an additional 80 shares in the last quarter. Koshinski Asset Management Inc. lifted its stake in Airbnb by 4.4% in the first quarter. Koshinski Asset Management Inc. now owns 1,984 shares of the company's stock valued at $237,000 after buying an additional 83 shares during the period. Finally, Rakuten Securities Inc. increased its stake in Airbnb by 31.6% in the first quarter. Rakuten Securities Inc. now owns 379 shares of the company's stock valued at $45,000 after purchasing an additional 91 shares in the last quarter. Institutional investors own 80.76% of the company's stock.

Airbnb Stock Performance

Shares of NASDAQ:ABNB traded down $0.81 during midday trading on Tuesday, reaching $123.81. 3,603,949 shares of the company's stock traded hands, compared to its average volume of 4,308,686. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The company has a market cap of $76.94 billion, a P/E ratio of 30.17, a PEG ratio of 2.27 and a beta of 1.13. The company has a fifty day simple moving average of $131.48 and a two-hundred day simple moving average of $128.96.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.11. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period last year, the company earned $0.86 EPS. The company's revenue for the quarter was up 12.7% on a year-over-year basis. As a group, research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets set a $124.00 price target on shares of Airbnb and gave the company a "market perform" rating in a research report on Thursday, August 7th. Morgan Stanley lowered their target price on shares of Airbnb from $130.00 to $120.00 and set an "underweight" rating for the company in a report on Thursday, August 7th. Wedbush cut their target price on shares of Airbnb from $135.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Citizens Jmp upgraded shares of Airbnb to a "hold" rating in a research report on Monday, August 11th. Finally, Truist Financial decreased their target price on shares of Airbnb from $106.00 to $104.00 and set a "sell" rating on the stock in a research note on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nineteen have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, Airbnb has a consensus rating of "Hold" and an average target price of $142.66.

Insider Activity at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $124.96, for a total transaction of $74,976.00. Following the completion of the sale, the chief technology officer directly owned 202,006 shares in the company, valued at $25,242,669.76. This represents a 0.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $127.53, for a total value of $30,097,080.00. Following the completion of the sale, the director owned 1,412,015 shares of the company's stock, valued at approximately $180,074,272.95. This trade represents a 14.32% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,438,926 shares of company stock worth $188,880,433. 27.83% of the stock is currently owned by insiders.

Airbnb Company 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.