41,162 Shares in Airbnb, Inc. (NASDAQ:ABNB) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 41,162 shares of the company's stock, valued at approximately $4,917,000.

Other hedge funds have also made changes to their positions in the company. HighPoint Advisor Group LLC grew its stake in shares of Airbnb by 8.4% in the 1st quarter. HighPoint Advisor Group LLC now owns 7,645 shares of the company's stock valued at $959,000 after purchasing an additional 592 shares during the period. Gries Financial LLC bought a new stake in Airbnb in the first quarter valued at $332,000. Crestwood Advisors Group LLC grew its position in Airbnb by 25.4% in the first quarter. Crestwood Advisors Group LLC now owns 2,666 shares of the company's stock valued at $318,000 after acquiring an additional 540 shares during the period. Los Angeles Capital Management LLC raised its stake in Airbnb by 2,422.1% during the first quarter. Los Angeles Capital Management LLC now owns 53,015 shares of the company's stock worth $6,333,000 after acquiring an additional 50,913 shares in the last quarter. Finally, Wealth Alliance LLC lifted its holdings in shares of Airbnb by 126.5% during the first quarter. Wealth Alliance LLC now owns 5,654 shares of the company's stock valued at $675,000 after acquiring an additional 3,158 shares during the period. Institutional investors own 80.76% of the company's stock.

Airbnb Trading Up 1.3%

Shares of ABNB stock traded up $1.82 on Thursday, reaching $141.65. The company had a trading volume of 2,382,397 shares, compared to its average volume of 5,236,807. The company has a 50-day moving average of $134.50 and a 200-day moving average of $130.93. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The stock has a market cap of $88.73 billion, a PE ratio of 35.77, a PEG ratio of 2.61 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. Airbnb had a net margin of 22.60% and a return on equity of 30.91%. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 EPS. Sell-side analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the company's stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $137.58, for a total value of $82,548.00. Following the completion of the sale, the chief technology officer owned 210,377 shares in the company, valued at $28,943,667.66. This represents a 0.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph Gebbia sold 236,000 shares of the company's stock in a transaction on Monday, July 21st. The shares were sold at an average price of $138.83, for a total transaction of $32,763,880.00. Following the completion of the sale, the director owned 472,015 shares of the company's stock, valued at approximately $65,529,842.45. This represents a 33.33% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,650,658 shares of company stock worth $218,970,735 in the last quarter. Corporate insiders own 27.91% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Cantor Fitzgerald reaffirmed an "underweight" rating and issued a $100.00 target price on shares of Airbnb in a report on Wednesday, May 14th. Benchmark dropped their price objective on shares of Airbnb from $178.00 to $155.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Citigroup cut their target price on shares of Airbnb from $170.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Phillip Securities lowered Airbnb from a "hold" rating to a "moderate sell" rating in a research report on Friday, May 9th. Finally, Wells Fargo & Company lifted their price objective on Airbnb from $104.00 to $111.00 and gave the company an "underweight" rating in a research report on Monday, July 7th. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $141.50.

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.