Amundi Has $361.53 Million Position in Airbnb, Inc. $ABNB

Amundi grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 112.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,670,251 shares of the company’s stock after purchasing an additional 1,412,608 shares during the period. Amundi owned about 0.43% of Airbnb worth $361,525,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of ABNB. Kentucky Trust Co acquired a new position in shares of Airbnb during the 2nd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. increased its stake in Airbnb by 70.9% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after acquiring an additional 83 shares during the period. Concord Wealth Partners acquired a new position in shares of Airbnb in the 2nd quarter worth approximately $28,000. Whipplewood Advisors LLC boosted its stake in shares of Airbnb by 235.3% in the 2nd quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock valued at $30,000 after purchasing an additional 160 shares in the last quarter. Finally, Armstrong Advisory Group Inc. grew its stake in Airbnb by 363.6% during the second quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock worth $34,000 after buying an additional 200 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ABNB has been the topic of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Airbnb in a research report on Wednesday, October 8th. Wells Fargo & Company boosted their target price on Airbnb from $111.00 to $118.00 and gave the company an “underweight” rating in a research note on Monday. Zacks Research raised shares of Airbnb to a “hold” rating in a research note on Tuesday, August 12th. Barclays increased their target price on shares of Airbnb from $105.00 to $107.00 and gave the stock an “underweight” rating in a report on Friday, November 7th. Finally, Truist Financial upped their price objective on Airbnb from $104.00 to $107.00 and gave the stock a “sell” rating in a research note on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have assigned a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus target price of $143.88.

Airbnb Price Performance

Shares of ABNB opened at $124.32 on Friday. The business has a 50-day moving average of $121.53 and a 200-day moving average of $127.48. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The company has a market capitalization of $76.53 billion, a price-to-earnings ratio of 29.53, a price-to-earnings-growth ratio of 2.12 and a beta of 1.11.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the company earned $2.13 earnings per share. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Transactions at Airbnb

In related news, insider Nathan Blecharczyk sold 77,527 shares of the company’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $120.52, for a total transaction of $9,343,554.04. Following the completion of the sale, the insider owned 53,298 shares in the company, valued at approximately $6,423,474.96. This represents a 59.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 549 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $116.04, for a total transaction of $63,705.96. Following the transaction, the chief technology officer directly owned 187,686 shares in the company, valued at $21,779,083.44. The trade was a 0.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,575,867 shares of company stock worth $190,875,764. 27.91% of the stock is currently owned by 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.