Raiffeisen Bank International AG Purchases New Shares in Airbnb, Inc. (NASDAQ:ABNB)

Raiffeisen Bank International AG acquired a new position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,737 shares of the company's stock, valued at approximately $493,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank bought a new position in Airbnb during the fourth quarter valued at about $433,374,000. Clearbridge Investments LLC lifted its position in shares of 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. Principal Financial Group Inc. boosted its stake in shares of Airbnb by 174.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company's stock valued at $245,268,000 after buying an additional 1,185,892 shares during the period. AQR Capital Management LLC grew its stake in Airbnb by 52.1% in the fourth quarter. AQR Capital Management LLC now owns 2,365,847 shares of the company's stock valued at $310,896,000 after purchasing an additional 809,964 shares in the last quarter. Finally, Parnassus Investments LLC grew its stake in shares of Airbnb by 8,324.9% in the 4th quarter. Parnassus Investments LLC now owns 655,539 shares of the company's stock valued at $86,144,000 after buying an additional 647,758 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on ABNB. Robert W. Baird reduced their price target on Airbnb from $175.00 to $160.00 and set an "outperform" rating for the company in a research report on Tuesday, March 25th. Benchmark reduced their target price on Airbnb from $178.00 to $155.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Piper Sandler lowered their price target on Airbnb from $145.00 to $132.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. DA Davidson upgraded shares of Airbnb from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $170.00 to $155.00 in a research note on Wednesday, April 30th. Finally, Phillip Securities lowered shares of Airbnb from a "hold" rating to a "moderate sell" rating in a research report on Friday, May 9th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $141.43.

Airbnb Stock Down 3.5%

ABNB stock traded down $4.61 during midday trading on Wednesday, hitting $127.52. The company's stock had a trading volume of 6,685,953 shares, compared to its average volume of 4,894,881. The company's fifty day moving average price is $122.28 and its 200 day moving average price is $131.21. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market capitalization of $79.88 billion, a P/E ratio of 30.88, a PEG ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its 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). 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 business's revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 EPS. As a group, equities research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Activity at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 2,712 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $156.32, for a total value of $423,939.84. Following the sale, the insider now owns 159,337 shares in the company, valued at $24,907,559.84. This represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $145.01, for a total value of $101,507.00. Following the transaction, the chief technology officer now owns 173,519 shares of the company's stock, valued at $25,161,990.19. This represents a 0.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,417,246 shares of company stock worth $176,403,797. Insiders own 27.91% of the company's stock.

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.