ProShare Advisors LLC Boosts Stake in Airbnb, Inc. (NASDAQ:ABNB)

ProShare Advisors LLC raised its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 17.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 556,917 shares of the company's stock after acquiring an additional 81,378 shares during the period. ProShare Advisors LLC owned approximately 0.09% of Airbnb worth $73,184,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ABNB. Golden State Wealth Management LLC purchased a new position in shares of Airbnb during the fourth quarter valued at approximately $25,000. Berbice Capital Management LLC bought a new position in Airbnb in the 4th quarter valued at $26,000. Graney & King LLC bought a new position in Airbnb in the 4th quarter valued at $32,000. Whipplewood Advisors LLC purchased a new stake in Airbnb in the fourth quarter worth $44,000. Finally, Cromwell Holdings LLC lifted its position in shares of Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock worth $49,000 after purchasing an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

Wall Street Analyst Weigh In

ABNB has been the subject of several research analyst reports. Tigress Financial lifted their price target on shares of Airbnb from $195.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, March 14th. Piper Sandler lowered their price target on shares of Airbnb from $145.00 to $132.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Citigroup decreased their price objective on Airbnb from $170.00 to $155.00 and set a "buy" rating for the company in a report on Monday, May 5th. Argus upgraded shares of Airbnb from a "hold" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, Canaccord Genuity Group decreased their price target on shares of Airbnb from $190.00 to $180.00 and set a "buy" rating for the company in a report on Monday, April 28th. Four equities 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Airbnb has a consensus rating of "Hold" and an average price target of $141.43.

Airbnb Stock Down 1.0%

Shares of ABNB stock traded down $1.40 during trading hours on Monday, reaching $136.60. 4,890,834 shares of the stock were exchanged, compared to its average volume of 4,874,629. The business's fifty day moving average is $121.83 and its two-hundred day moving average is $131.20. The firm has a market capitalization of $85.57 billion, a P/E ratio of 33.08, a P/E/G ratio of 3.52 and a beta of 1.14. 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 current ratio of 1.69 and a quick ratio of 1.69.

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 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 firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same quarter in the previous year, the firm posted $0.41 EPS. The business's revenue for the quarter was up 7.4% on a year-over-year basis. As a group, research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction dated 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 of the company's stock, valued at $60,827,649.75. This represents a 33.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Nathan Blecharczyk sold 2,712 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $156.32, for a total value 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 $24,907,559.84. This represents a 1.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,533,331 shares of company stock valued at $195,015,055. 27.91% of the stock is 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.