OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys Shares of 5,000 Airbnb, Inc. (NASDAQ:ABNB)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,000 shares of the company's stock, valued at approximately $657,000.

A number of other hedge funds also recently bought and sold shares of ABNB. Norges Bank purchased a new stake in Airbnb during the fourth quarter valued at $433,374,000. Clearbridge Investments LLC raised its stake in shares of Airbnb by 147.3% in the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock worth $571,505,000 after buying an additional 2,590,475 shares during the period. Principal Financial Group Inc. raised its stake in shares of Airbnb by 174.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company's stock worth $245,268,000 after buying an additional 1,185,892 shares during the period. AQR Capital Management LLC raised its stake in shares of Airbnb by 52.1% in the fourth quarter. AQR Capital Management LLC now owns 2,365,847 shares of the company's stock worth $310,896,000 after buying an additional 809,964 shares during the period. Finally, Parnassus Investments LLC raised its stake in shares of Airbnb by 8,324.9% in the fourth quarter. Parnassus Investments LLC now owns 655,539 shares of the company's stock worth $86,144,000 after buying an additional 647,758 shares during the period. Hedge funds and other institutional investors own 80.76% of the company's stock.

Airbnb Trading Up 0.9%

Shares of Airbnb stock traded up $1.21 on Friday, reaching $138.00. The company had a trading volume of 3,673,218 shares, compared to its average volume of 4,868,129. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market cap of $87.01 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 3.52 and a beta of 1.14. The firm's 50-day moving average price is $121.83 and its two-hundred day moving average price is $131.26.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results 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). Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the business posted $0.41 earnings per share. Airbnb's revenue was up 7.4% on a year-over-year basis. As a group, research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on ABNB shares. Gordon Haskett raised Airbnb from a "sell" rating to a "hold" rating and set a $143.00 price objective on the stock in a research note on Friday, February 14th. Wedbush downgraded Airbnb from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $150.00 to $135.00 in a research note on Friday, May 2nd. Citigroup decreased their price objective on Airbnb from $170.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Barclays cut their target price on Airbnb from $120.00 to $103.00 and set an "underweight" rating for the company in a research report on Friday, May 2nd. Finally, Truist Financial cut their target price on Airbnb from $123.00 to $112.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Airbnb presently has a consensus rating of "Hold" and an average price target of $141.43.

Insider Buying and Selling

In related news, insider Nathan Blecharczyk sold 2,712 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $156.32, for a total transaction of $423,939.84. Following the completion of the sale, the insider now directly owns 159,337 shares of the company's stock, valued at approximately $24,907,559.84. This trade represents a 1.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $161.05, for a total value of $112,735.00. Following the sale, the chief technology officer now directly owns 180,514 shares of the company's stock, valued at $29,071,779.70. This represents a 0.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,533,331 shares of company stock valued at $195,015,055. Insiders own 27.83% of the company's stock.

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.