Public Employees Retirement System of Ohio purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 188,449 shares of the company's stock, valued at approximately $24,764,000.
Several other institutional investors and hedge funds also recently bought and sold shares of ABNB. Vega Investment Solutions purchased a new position in shares of Airbnb in the 4th quarter worth about $51,000. Breed s Hill Capital LLC lifted its holdings in shares of Airbnb by 6.5% in the 4th quarter. Breed s Hill Capital LLC now owns 8,354 shares of the company's stock worth $1,098,000 after acquiring an additional 513 shares during the last quarter. Vise Technologies Inc. boosted its stake in shares of Airbnb by 48.8% in the 4th quarter. Vise Technologies Inc. now owns 9,661 shares of the company's stock valued at $1,270,000 after purchasing an additional 3,170 shares in the last quarter. Orion Capital Management LLC bought a new position in shares of Airbnb during the 4th quarter valued at $28,000. Finally, Focus Partners Advisor Solutions LLC bought a new position in shares of Airbnb during the 4th quarter valued at $214,000. 80.76% of the stock is owned by institutional investors.
Insiders Place Their Bets
In other news, insider Nathan Blecharczyk sold 2,245 shares of Airbnb stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $134.03, for a total value of $300,897.35. Following the transaction, the insider now owns 188,173 shares of the company's stock, valued at $25,220,827.19. The trade was a 1.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Joseph Gebbia sold 214,285 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.80, for a total transaction of $27,171,338.00. Following the sale, the director now owns 214,290 shares of the company's stock, valued at $27,171,972. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,389,925 shares of company stock worth $170,370,496 over the last ninety days. Company insiders own 27.91% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on ABNB shares. Benchmark dropped 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. Susquehanna cut their price objective on Airbnb from $200.00 to $150.00 and set a "positive" rating on the stock in a research report on Monday, May 5th. JMP Securities reissued a "market perform" rating on shares of Airbnb in a research note on Friday, May 2nd. 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 note on Friday, May 2nd. Finally, Barclays decreased their price objective on shares of Airbnb from $120.00 to $103.00 and set an "underweight" rating for the company in a report on Friday, May 2nd. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Airbnb presently has an average rating of "Hold" and a consensus price target of $141.23.
Read Our Latest Stock Analysis on Airbnb
Airbnb Stock Performance
Airbnb stock traded down $0.84 during mid-day trading on Friday, hitting $127.52. 3,001,273 shares of the company's stock traded hands, compared to its average volume of 4,918,990. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. The company has a market cap of $79.88 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. The firm has a 50 day moving average price of $122.48 and a 200 day moving average price of $130.72. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24.
Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly 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). The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.41 earnings per share. On average, equities analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.
Airbnb Profile
(
Free Report)
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.
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