Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Rafferty Asset Management LLC

Rafferty Asset Management LLC increased its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 8.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,053 shares of the company's stock after buying an additional 12,918 shares during the period. Rafferty Asset Management LLC's holdings in Airbnb were worth $21,558,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Airbnb by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company's stock valued at $1,244,514,000 after buying an additional 72,991 shares during the last quarter. Clearbridge Investments LLC raised its position 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 valued at $571,505,000 after buying an additional 2,590,475 shares during the last quarter. Northern Trust Corp raised its position in shares of Airbnb by 8.4% in the fourth quarter. Northern Trust Corp now owns 4,296,835 shares of the company's stock valued at $564,647,000 after buying an additional 331,607 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Airbnb by 15.5% in the fourth quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company's stock valued at $548,683,000 after buying an additional 558,856 shares during the last quarter. Finally, Norges Bank acquired a new position in Airbnb during the fourth quarter worth approximately $433,374,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Airbnb Stock Down 1.0%

Airbnb stock traded down $1.40 during midday trading on Monday, hitting $136.60. The stock had a trading volume of 4,890,834 shares, compared to its average volume of 4,874,629. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market cap 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 business has a fifty day moving average price of $121.83 and a 200 day moving average price of $131.20.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share 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 23.85% and a return on equity of 32.29%. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. Research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $161.05, for a total transaction of $112,735.00. Following the sale, the chief technology officer now directly owns 180,514 shares of the company's stock, valued at approximately $29,071,779.70. This represents a 0.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $141.93, for a total transaction of $30,413,470.05. Following the sale, the director now directly owns 428,575 shares in the company, valued at $60,827,649.75. This trade represents a 33.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,533,331 shares of company stock valued at $195,015,055. Company insiders own 27.91% of the company's stock.

Analysts Set New Price Targets

ABNB has been the subject of several research analyst reports. DA Davidson raised shares of Airbnb from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $170.00 to $155.00 in a research report on Wednesday, April 30th. B. Riley dropped their price target on shares of Airbnb from $145.00 to $140.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. UBS Group dropped their price target on shares of Airbnb from $160.00 to $138.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Evercore ISI dropped their price target on shares of Airbnb from $165.00 to $145.00 and set an "in-line" rating for the company in a research report on Friday, May 2nd. Finally, Citigroup dropped their price target on shares of Airbnb from $170.00 to $155.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $141.43.

Airbnb 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.