Versant Capital Management Inc Grows Position in Airbnb, Inc. (NASDAQ:ABNB)

Versant Capital Management Inc boosted its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 397.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,739 shares of the company's stock after purchasing an additional 2,988 shares during the quarter. Versant Capital Management Inc's holdings in Airbnb were worth $447,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in ABNB. Norges Bank bought a new position in Airbnb in the 4th quarter valued at $433,374,000. Clearbridge Investments LLC boosted its position in shares of Airbnb by 147.3% during the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock valued at $571,505,000 after acquiring an additional 2,590,475 shares during the last quarter. Two Sigma Advisers LP boosted its position in shares of Airbnb by 512.0% during the 4th quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company's stock valued at $404,782,000 after acquiring an additional 2,577,000 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Airbnb by 174.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company's stock valued at $245,268,000 after acquiring an additional 1,185,892 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Airbnb by 52.1% during the 4th quarter. AQR Capital Management LLC now owns 2,365,847 shares of the company's stock valued at $310,896,000 after acquiring an additional 809,964 shares during the last quarter. Institutional investors own 80.76% of the company's stock.

Airbnb Trading Up 2.5%

Shares of NASDAQ ABNB traded up $3.28 during midday trading on Tuesday, hitting $132.90. 5,465,289 shares of the company traded hands, compared to its average volume of 4,957,195. The firm has a market cap of $83.25 billion, a P/E ratio of 32.18, a P/E/G ratio of 3.52 and a beta of 1.14. The stock has a 50-day moving average price of $122.47 and a 200 day moving average price of $130.62. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month 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 released its earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The company had revenue of $2.27 billion during the quarter, compared to analysts' expectations of $2.26 billion. During the same period in the prior year, the company posted $0.41 earnings per share. The company's revenue was up 7.4% on a year-over-year basis. As a group, analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Transactions at Airbnb

In other news, CEO Brian Chesky sold 8,000 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $128.33, for a total value of $1,026,640.00. Following the transaction, the chief executive officer now owns 40,800 shares in the company, valued at approximately $5,235,864. This represents a 16.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 1,475 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $130.00, for a total transaction of $191,750.00. Following the completion of the transaction, the chief technology officer now owns 214,577 shares in the company, valued at approximately $27,895,010. This represents a 0.68% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,630,959 shares of company stock valued at $201,301,859. Insiders own 27.91% of the company's stock.

Wall Street Analyst Weigh In

ABNB has been the subject of a number of research analyst reports. Citigroup dropped their price target on Airbnb from $170.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Canaccord Genuity Group dropped their target price on Airbnb from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Monday, April 28th. HSBC upgraded Airbnb from a "hold" rating to a "buy" rating in a research report on Friday, February 14th. JMP Securities restated a "market perform" rating on shares of Airbnb in a research report on Friday, May 2nd. Finally, Argus upgraded Airbnb from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Five equities research analysts have rated the stock with a sell rating, sixteen 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, the stock presently has a consensus rating of "Hold" and an average price target of $141.23.

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.