Texas Capital Bank Wealth Management Services Inc Buys Shares of 4,795 Airbnb, Inc. $ABNB

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Texas Capital Bank Wealth Management Services Inc bought a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 4,795 shares of the company's stock, valued at approximately $573,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Airbnb by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 37,462,629 shares of the company's stock valued at $4,475,286,000 after purchasing an additional 604,120 shares during the last quarter. Northern Trust Corp boosted its holdings in Airbnb by 2.5% in the 1st quarter. Northern Trust Corp now owns 4,402,970 shares of the company's stock valued at $525,979,000 after purchasing an additional 106,135 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Airbnb by 74.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,255,682 shares of the company's stock valued at $388,924,000 after purchasing an additional 1,389,251 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in Airbnb by 512.0% in the 4th 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 during the last quarter. Finally, Akre Capital Management LLC raised its stake in shares of Airbnb by 10.1% in the 1st quarter. Akre Capital Management LLC now owns 2,917,733 shares of the company's stock valued at $348,552,000 after acquiring an additional 268,335 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Airbnb

In other news, CFO Elinor Mertz sold 6,250 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $132.28, for a total value of $826,750.00. Following the completion of the transaction, the chief financial officer owned 467,611 shares in the company, valued at approximately $61,855,583.08. This represents a 1.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joseph Gebbia sold 236,000 shares of the company's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $129.46, for a total transaction of $30,552,560.00. Following the completion of the transaction, the director owned 944,015 shares of the company's stock, valued at approximately $122,212,181.90. The trade was a 20.00% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,454,493 shares of company stock worth $194,497,481. Corporate insiders own 27.83% of the company's stock.

Airbnb Trading Up 0.3%

Shares of NASDAQ:ABNB opened at $125.49 on Tuesday. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The company's 50 day moving average is $133.49 and its two-hundred day moving average is $130.65. The company has a market cap of $77.98 billion, a PE ratio of 30.38, a P/E/G ratio of 2.28 and a beta of 1.13.

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

Analyst Ratings Changes

Several equities analysts have recently commented on ABNB shares. Wedbush decreased their price objective on shares of Airbnb from $135.00 to $130.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. Morgan Stanley decreased their price objective on shares of Airbnb from $130.00 to $120.00 and set an "underweight" rating on the stock in a report on Thursday, August 7th. Piper Sandler decreased their price objective on shares of Airbnb from $145.00 to $132.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Needham & Company LLC restated a "hold" rating on shares of Airbnb in a report on Wednesday, May 14th. Finally, BMO Capital Markets set a $124.00 price objective on shares of Airbnb and gave the stock a "market perform" rating in a report on Thursday, August 7th. Five investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Airbnb presently has a consensus rating of "Hold" and an average price target of $142.72.

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.

Want to see what other hedge funds are holding ABNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Airbnb, Inc. (NASDAQ:ABNB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.