9,100 Shares in Airbnb, Inc. (NASDAQ:ABNB) Bought by Polianta Ltd

Polianta Ltd acquired a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 9,100 shares of the company's stock, valued at approximately $1,087,000.

Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC boosted its position in shares of Airbnb by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company's stock valued at $1,244,514,000 after purchasing an additional 72,991 shares in the last quarter. Clearbridge Investments LLC raised its holdings 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 purchasing an additional 2,590,475 shares in the last quarter. Northern Trust Corp lifted its position in Airbnb by 8.4% during the fourth quarter. Northern Trust Corp now owns 4,296,835 shares of the company's stock valued at $564,647,000 after buying an additional 331,607 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Airbnb by 15.5% during the 4th quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company's stock valued at $548,683,000 after buying an additional 558,856 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Airbnb during the 4th quarter valued at $433,374,000. 80.76% of the stock is currently owned by institutional investors.

Airbnb Stock Performance

Shares of NASDAQ:ABNB traded down $3.27 during midday trading on Friday, hitting $135.54. The company had a trading volume of 5,090,904 shares, compared to its average volume of 5,017,162. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The company has a fifty day moving average of $125.71 and a two-hundred day moving average of $130.81. The company has a market cap of $84.90 billion, a price-to-earnings ratio of 32.82, a PEG ratio of 3.52 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the firm posted $0.41 EPS. The business's revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ABNB has been the subject of several research reports. Truist Financial reiterated a "sell" rating and issued a $106.00 price target (down from $112.00) on shares of Airbnb in a research note on Friday, May 30th. Evercore ISI cut their price objective on shares of Airbnb from $165.00 to $145.00 and set an "in-line" rating on the stock in a report on Friday, May 2nd. Benchmark lowered their target price on shares of Airbnb from $178.00 to $155.00 and set a "buy" rating for the company in a report on Friday, May 2nd. BTIG Research reissued a "neutral" rating on shares of Airbnb in a research report on Wednesday, May 28th. Finally, Gordon Haskett upgraded Airbnb from a "sell" rating to a "hold" rating and set a $143.00 price target on the stock in a research note on Friday, February 14th. 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 assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $141.23.

Insider Activity at Airbnb

In other Airbnb news, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $126.60, for a total transaction of $4,869,162.60. Following the transaction, the chief executive officer now owns 11,770,144 shares of the company's stock, valued at $1,490,100,230.40. The trade was a 0.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 2,245 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $134.03, for a total transaction of $300,897.35. Following the completion of the sale, the insider now directly owns 188,173 shares of the company's stock, valued at approximately $25,220,827.19. This trade represents a 1.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,663,033 shares of company stock worth $208,384,185. 27.91% of the stock is owned by company 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.