Sei Investments Co. Purchases 14,712 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Key Points

• Sei Investments Co. increased its holdings in Airbnb, acquiring an additional 14,712 shares, bringing their total to 753,405 shares, valued at approximately $98.77 million.
• In insider news, Director Joseph Gebbia sold 236,000 shares at an average price of $139.40, reducing his stake by 16.67%.
• Airbnb's recent earnings report showed a 12.7% year-over-year revenue increase, with earnings per share of $1.03, surpassing the consensus estimate of $0.92.

Sei Investments Co. boosted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 2.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 753,405 shares of the company's stock after purchasing an additional 14,712 shares during the period. Airbnb comprises 0.9% of Sei Investments Co.'s portfolio, making the stock its 24th biggest holding. Sei Investments Co. owned about 0.12% of Airbnb worth $98,771,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Sagespring Wealth Partners LLC bought a new position in Airbnb in the 4th quarter worth approximately $283,000. Mariner LLC raised its position in Airbnb by 0.7% in the 4th quarter. Mariner LLC now owns 49,203 shares of the company's stock worth $6,466,000 after purchasing an additional 325 shares during the last quarter. XTX Topco Ltd raised its position in Airbnb by 83.9% in the 4th quarter. XTX Topco Ltd now owns 8,580 shares of the company's stock worth $1,127,000 after purchasing an additional 3,914 shares during the last quarter. Guggenheim Capital LLC grew its holdings in Airbnb by 4.6% during the 4th quarter. Guggenheim Capital LLC now owns 123,154 shares of the company's stock worth $16,184,000 after acquiring an additional 5,395 shares during the period. Finally, Altshuler Shaham Ltd grew its holdings in Airbnb by 12.9% during the 4th quarter. Altshuler Shaham Ltd now owns 16,151 shares of the company's stock worth $2,122,000 after acquiring an additional 1,844 shares during the period. Institutional investors own 80.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ABNB shares. Piper Sandler lowered their target price on shares of Airbnb from $145.00 to $132.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Zacks Research raised shares of Airbnb to a "hold" rating in a report on Tuesday, August 12th. Wells Fargo & Company set a $110.00 target price on shares of Airbnb and gave the stock an "underweight" rating in a report on Thursday, August 7th. JPMorgan Chase & Co. boosted their price target on shares of Airbnb from $120.00 to $130.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Finally, Royal Bank Of Canada boosted their price target on shares of Airbnb from $140.00 to $145.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. Five analysts have rated the stock with a sell rating, nineteen have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Airbnb currently has an average rating of "Hold" and an average price target of $142.72.

Insider Activity

In related news, CAO David C. Bernstein sold 5,000 shares of the stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $142.00, for a total value of $710,000.00. Following the completion of the transaction, the chief accounting officer owned 42,619 shares of the company's stock, valued at $6,051,898. This represents a 10.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $135.86, for a total transaction of $849,125.00. Following the completion of the transaction, the chief financial officer directly owned 461,361 shares of the company's stock, valued at approximately $62,680,505.46. The trade was a 1.34% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,671,023 shares of company stock worth $223,195,427. Insiders own 27.91% of the company's stock.

Airbnb Trading Up 0.4%

Shares of NASDAQ:ABNB traded up $0.46 on Friday, reaching $125.10. 4,307,326 shares of the company's stock were exchanged, compared to its average volume of 5,404,998. The company has a fifty day moving average of $133.76 and a 200-day moving average of $130.70. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The company has a market capitalization of $77.74 billion, a price-to-earnings ratio of 30.29, a PEG ratio of 2.28 and a beta of 1.13.

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