Siemens Fonds Invest GmbH Has $6.63 Million Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Siemens Fonds Invest GmbH lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 133.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,362 shares of the company's stock after buying an additional 31,037 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Airbnb were worth $6,630,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. MJP Associates Inc. ADV lifted its position in shares of Airbnb by 1.8% during the 4th quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock worth $490,000 after buying an additional 67 shares during the last quarter. CAP Partners LLC lifted its position in shares of Airbnb by 3.6% during the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company's stock worth $293,000 after buying an additional 77 shares during the last quarter. Lindbrook Capital LLC lifted its position in shares of Airbnb by 1.4% during the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company's stock worth $728,000 after buying an additional 78 shares during the last quarter. Ellevest Inc. lifted its position in shares of Airbnb by 3.1% during the 4th quarter. Ellevest Inc. now owns 2,655 shares of the company's stock worth $349,000 after buying an additional 80 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its position in shares of Airbnb by 18.2% during the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company's stock worth $69,000 after buying an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

Insider Activity

In other news, CFO Elinor Mertz sold 6,250 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $140.10, for a total transaction of $875,625.00. Following the completion of the transaction, the chief financial officer now directly owns 449,463 shares in the company, valued at approximately $62,969,766.30. The trade was a 1.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the company's stock in a transaction dated 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 directly owns 172,119 shares of the company's stock, valued at approximately $22,406,451.42. This trade represents a 0.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,628,434 shares of company stock valued at $201,057,164 over the last 90 days. 27.91% of the stock is owned by company insiders.

Airbnb Trading Down 0.2%

Shares of ABNB traded down $0.23 during trading hours on Friday, hitting $128.13. 9,542,846 shares of the stock traded hands, compared to its average volume of 4,949,222. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93. The firm has a market capitalization of $80.26 billion, a PE ratio of 31.02, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. The business has a fifty day moving average of $122.45 and a 200-day moving average of $130.68.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued 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 firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the company earned $0.41 EPS. The company's revenue was up 7.4% compared to the same quarter last year. Analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ABNB. The Goldman Sachs Group upgraded shares of Airbnb from a "sell" rating to a "neutral" rating and upped their price target for the company from $110.00 to $153.00 in a research report on Friday, February 14th. Baird R W upgraded shares of Airbnb from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. UBS Group reduced their price target on shares of Airbnb from $160.00 to $138.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Wells Fargo & Company upped their price objective on shares of Airbnb from $100.00 to $104.00 and gave the stock an "underweight" rating in a research report on Friday, May 2nd. Finally, Royal Bank of Canada cut their price objective on shares of Airbnb from $160.00 to $140.00 and set a "sector perform" rating for the company in a research 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $141.23.

About Airbnb

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.