Rhumbline Advisers Purchases 18,401 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Rhumbline Advisers boosted its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 799,001 shares of the company's stock after buying an additional 18,401 shares during the quarter. Rhumbline Advisers owned approximately 0.13% of Airbnb worth $95,449,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ABNB. MJP Associates Inc. ADV lifted its holdings in Airbnb by 1.8% during the fourth quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock worth $490,000 after acquiring an additional 67 shares in the last quarter. CAP Partners LLC lifted its holdings in Airbnb by 3.6% during the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company's stock worth $293,000 after acquiring an additional 77 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in Airbnb by 1.4% during the fourth quarter. Lindbrook Capital LLC now owns 5,540 shares of the company's stock worth $728,000 after acquiring an additional 78 shares in the last quarter. Ellevest Inc. lifted its holdings in Airbnb by 3.1% during the fourth quarter. Ellevest Inc. now owns 2,655 shares of the company's stock worth $349,000 after acquiring an additional 80 shares in the last quarter. Finally, Manchester Capital Management LLC lifted its holdings in Airbnb by 18.2% during the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company's stock worth $69,000 after acquiring an additional 81 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Analysts Set New Price Targets

ABNB has been the topic of several recent analyst reports. Baird R W upgraded Airbnb from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Tigress Financial lifted their price target on Airbnb from $195.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, March 14th. UBS Group dropped their price target on Airbnb from $160.00 to $138.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Susquehanna dropped their price target on Airbnb from $200.00 to $150.00 and set a "positive" rating on the stock in a research note on Monday, May 5th. Finally, Piper Sandler lowered their target price on Airbnb from $145.00 to $132.00 and set a "neutral" rating on the stock 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 given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $141.23.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $126.80, for a total transaction of $27,171,338.00. Following the completion of the transaction, the director now directly owns 214,290 shares in the company, valued at approximately $27,171,972. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $130.18, for a total value of $91,126.00. Following the completion of the sale, the chief technology officer now owns 172,119 shares of the company's stock, valued at $22,406,451.42. The trade was a 0.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,635,768 shares of company stock worth $201,921,499. Corporate insiders own 27.91% of the company's stock.

Airbnb Price Performance

ABNB traded up $3.77 during trading on Thursday, hitting $137.28. 5,857,326 shares of the stock traded hands, compared to its average volume of 4,979,971. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The company has a market cap of $85.99 billion, a price-to-earnings ratio of 33.24, 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. The business has a 50 day moving average price of $123.22 and a 200 day moving average price of $130.69.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced 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). The company had revenue of $2.27 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company posted $0.41 earnings per share. Equities research analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

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.