Simon Quick Advisors LLC Purchases 2,655 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Simon Quick Advisors LLC increased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 68.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,533 shares of the company's stock after purchasing an additional 2,655 shares during the period. Simon Quick Advisors LLC's holdings in Airbnb were worth $780,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in Airbnb in the 4th quarter valued at $433,374,000. Clearbridge Investments LLC raised its stake in shares of Airbnb by 147.3% in the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock valued at $571,505,000 after purchasing an additional 2,590,475 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of Airbnb by 512.0% in the fourth quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company's stock valued at $404,782,000 after purchasing an additional 2,577,000 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Airbnb by 174.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company's stock valued at $245,268,000 after purchasing an additional 1,185,892 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Airbnb by 119.7% during the first quarter. Assenagon Asset Management S.A. now owns 1,506,704 shares of the company's stock worth $179,991,000 after buying an additional 820,887 shares during the period. Institutional investors own 80.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ABNB shares. UBS Group reduced their price target on Airbnb from $160.00 to $138.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Benchmark reduced their price target on Airbnb from $178.00 to $155.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Canaccord Genuity Group cut their price objective on Airbnb from $190.00 to $180.00 and set a "buy" rating for the company in a report on Monday, April 28th. Robert W. Baird lowered their target price on shares of Airbnb from $175.00 to $160.00 and set an "outperform" rating on the stock in a report on Tuesday, March 25th. Finally, Tigress Financial increased their price target on shares of Airbnb from $195.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, March 14th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $141.23.

Airbnb Price Performance

Shares of ABNB stock traded up $1.67 during trading on Monday, hitting $137.21. The company had a trading volume of 3,296,677 shares, compared to its average volume of 5,019,776. The stock's 50-day moving average price is $126.94 and its 200 day moving average price is $130.68. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market capitalization of $85.95 billion, a P/E ratio of 33.22, a price-to-earnings-growth 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 for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The business's revenue was up 7.4% compared to the same quarter last year. Equities analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Brian Chesky sold 38,459 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $120.44, for a total value of $4,632,001.96. Following the sale, the chief executive officer now directly owns 11,731,685 shares of the company's stock, valued at $1,412,964,141.40. This trade represents a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $128.66, for a total transaction of $30,363,760.00. Following the completion of the transaction, the director now directly owns 1,416,015 shares of the company's stock, valued at $182,184,489.90. This trade represents a 14.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,625,172 shares of company stock valued at $203,597,300 over the last quarter. 27.91% of the stock is owned by company insiders.

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.