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Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Vontobel Holding Ltd.

Airbnb logo with Consumer Discretionary background

Vontobel Holding Ltd. raised its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 21.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,335 shares of the company's stock after buying an additional 7,819 shares during the quarter. Vontobel Holding Ltd.'s holdings in Airbnb were worth $5,296,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of ABNB. Smartleaf Asset Management LLC raised its position in shares of Airbnb by 31.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,182 shares of the company's stock valued at $288,000 after buying an additional 523 shares in the last quarter. Jones Financial Companies Lllp grew its position in shares of Airbnb by 43.0% in the 4th quarter. Jones Financial Companies Lllp now owns 7,166 shares of the company's stock worth $942,000 after buying an additional 2,155 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Airbnb by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,790,644 shares of the company's stock worth $366,719,000 after purchasing an additional 84,348 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in Airbnb by 2.3% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 4,285 shares of the company's stock worth $565,000 after buying an additional 95 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Airbnb by 9.4% during the fourth quarter. Victory Capital Management Inc. now owns 783,253 shares of the company's stock valued at $102,927,000 after purchasing an additional 67,023 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Airbnb Trading Up 0.8%

Shares of ABNB traded up $1.11 during midday trading on Thursday, reaching $136.50. 2,628,584 shares of the stock were exchanged, compared to its average volume of 5,024,727. The company has a market capitalization of $85.50 billion, a P/E ratio of 34.47, a PEG ratio of 2.54 and a beta of 1.13. 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 $131.16 and its two-hundred day moving average is $130.42.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its 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 return on equity of 30.91% and a net margin of 22.60%. The business 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 earned $0.41 earnings per share. The firm's revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Analysts Set New Price Targets

ABNB has been the subject of a number of analyst reports. DA Davidson raised shares of Airbnb from a "neutral" rating to a "buy" rating and decreased their target price for the company from $170.00 to $155.00 in a research note on Wednesday, April 30th. Robert W. Baird cut their price objective on Airbnb from $175.00 to $160.00 and set an "outperform" rating for the company in a report on Tuesday, March 25th. Needham & Company LLC reiterated a "hold" rating on shares of Airbnb in a research note on Wednesday, May 14th. B. Riley cut their price objective on Airbnb from $145.00 to $140.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Finally, Tigress Financial raised their price target on Airbnb from $195.00 to $200.00 and gave the company a "buy" rating in a report on Friday, March 14th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Airbnb currently has an average rating of "Hold" and a consensus price target of $141.23.

Check Out Our Latest Research Report on ABNB

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 8,000 shares of Airbnb stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $128.33, for a total value of $1,026,640.00. Following the transaction, the chief executive officer owned 40,800 shares in the company, valued at $5,235,864. The trade was a 16.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Gebbia sold 236,000 shares of the business's 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 owned 1,416,015 shares of the company's stock, valued at $182,184,489.90. This represents a 14.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,607,528 shares of company stock valued at $201,688,571 over the last 90 days. Corporate insiders own 27.91% of the company's stock.

About Airbnb

(Free Report)

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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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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