Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by abrdn plc

abrdn plc boosted its holdings in Airbnb, Inc. (NASDAQ:ABNB – Get Rating) by 15.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,966 shares of the company’s stock after buying an additional 942 shares during the period. abrdn plc’s holdings in Airbnb were worth $1,196,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ABNB. Capital Research Global Investors raised its holdings in shares of Airbnb by 20.8% during the 4th quarter. Capital Research Global Investors now owns 11,210,133 shares of the company’s stock valued at $1,866,387,000 after buying an additional 1,926,816 shares during the period. First Republic Investment Management Inc. raised its holdings in shares of Airbnb by 339.9% during the 4th quarter. First Republic Investment Management Inc. now owns 1,870,367 shares of the company’s stock valued at $311,397,000 after buying an additional 1,445,174 shares during the period. BlackRock Inc. raised its holdings in shares of Airbnb by 17.7% during the 4th quarter. BlackRock Inc. now owns 8,587,605 shares of the company’s stock valued at $1,429,753,000 after buying an additional 1,292,367 shares during the period. State Street Corp increased its holdings in Airbnb by 55.8% during the 4th quarter. State Street Corp now owns 3,183,778 shares of the company’s stock worth $530,067,000 after purchasing an additional 1,139,981 shares during the last quarter. Finally, Castleview Partners LLC purchased a new stake in Airbnb during the 4th quarter worth approximately $5,063,000. 34.66% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Stock Up 4.6 %

Shares of Airbnb stock opened at $116.34 on Wednesday. Airbnb, Inc. has a 12-month low of $86.71 and a 12-month high of $212.58. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $74.79 billion, a PE ratio of 100.29, a price-to-earnings-growth ratio of 3.14 and a beta of 1.22. The stock’s fifty day moving average is $104.66 and its 200-day moving average is $136.37.

Airbnb (NASDAQ:ABNB – Get Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.25. Airbnb had a return on equity of 18.51% and a net margin of 12.12%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the company posted ($1.75) earnings per share. Airbnb’s revenue for the quarter was up 70.1% compared to the same quarter last year. Equities analysts anticipate that Airbnb, Inc. will post 1.9 earnings per share for the current year.

Insider Activity

In other news, Director Belinda J. Johnson sold 20,000 shares of Airbnb stock in a transaction on Thursday, May 5th. The stock was sold at an average price of $152.19, for a total transaction of $3,043,800.00. Following the transaction, the director now owns 19,327 shares in the company, valued at $2,941,376.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Airbnb news, Director Belinda J. Johnson sold 20,000 shares of the business’s stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $152.19, for a total value of $3,043,800.00. Following the transaction, the director now owns 19,327 shares in the company, valued at $2,941,376.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Joseph Gebbia sold 250,000 shares of the business’s stock in a transaction dated Monday, June 13th. The shares were sold at an average price of $100.28, for a total value of $25,070,000.00. Following the completion of the transaction, the insider now owns 3,438,742 shares in the company, valued at approximately $344,837,047.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 616,434 shares of company stock worth $62,540,295. 32.69% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. UBS Group dropped their price objective on Airbnb from $185.00 to $120.00 and set a “neutral” rating on the stock in a report on Monday. Wolfe Research dropped their price objective on Airbnb from $130.00 to $110.00 and set a “peer perform” rating on the stock in a report on Wednesday, June 15th. Susquehanna Bancshares dropped their price objective on Airbnb from $235.00 to $190.00 in a report on Thursday, May 5th. Mizuho decreased their target price on Airbnb from $205.00 to $175.00 in a research report on Wednesday, May 4th. Finally, Barclays decreased their target price on Airbnb from $185.00 to $170.00 in a research report on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $173.03.

Airbnb Company Profile

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Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.