UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 276,128 Shares of Airbnb, Inc. (NASDAQ:ABNB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 11.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,636,132 shares of the company's stock after purchasing an additional 276,128 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.42% of Airbnb worth $346,414,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ABNB. MJP Associates Inc. ADV grew its stake in shares of Airbnb by 1.8% in 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 during the last quarter. CAP Partners LLC grew its position in Airbnb by 3.6% in the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company's stock worth $293,000 after purchasing an additional 77 shares during the last quarter. Lindbrook Capital LLC increased its holdings 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 purchasing an additional 78 shares during the period. Ellevest Inc. raised its position in shares of Airbnb by 3.1% during the fourth quarter. Ellevest Inc. now owns 2,655 shares of the company's stock valued at $349,000 after buying an additional 80 shares during the last quarter. Finally, Manchester Capital Management LLC lifted its stake in shares of Airbnb by 18.2% in the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company's stock valued at $69,000 after buying an additional 81 shares during the period. 80.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ABNB. Robert W. Baird lowered their price target on Airbnb from $175.00 to $160.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th. Truist Financial lowered their price objective on Airbnb from $123.00 to $112.00 and set a "hold" rating on the stock in a research report on Friday, March 21st. Piper Sandler cut their target price on Airbnb from $145.00 to $132.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Baird R W upgraded shares of Airbnb from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Finally, B. Riley lowered their price target on shares of Airbnb from $145.00 to $140.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Airbnb presently has a consensus rating of "Hold" and a consensus target price of $141.43.

Airbnb Stock Down 3.5%

Shares of ABNB opened at $127.52 on Thursday. The business's fifty day moving average price is $122.38 and its two-hundred day moving average price is $131.18. The firm has a market capitalization of $79.88 billion, a price-to-earnings ratio of 30.88, a PEG ratio of 3.52 and a beta of 1.14. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week 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.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Airbnb's revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 earnings per share. On average, analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $145.01, for a total transaction of $101,507.00. Following the sale, the chief technology officer now directly owns 173,519 shares in the company, valued at approximately $25,161,990.19. This trade represents a 0.40% 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 214,285 shares of Airbnb stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $141.93, for a total transaction of $30,413,470.05. Following the completion of the transaction, the director now directly owns 428,575 shares in the company, valued at approximately $60,827,649.75. The trade was a 33.33% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,414,534 shares of company stock valued at $175,979,857 over the last three months. 27.91% of the stock is currently owned by corporate insiders.

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.

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