Airbnb, Inc. $ABNB Shares Bought by Amova Asset Management Americas Inc.

Amova Asset Management Americas Inc. grew its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 11.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 829,181 shares of the company’s stock after purchasing an additional 84,591 shares during the quarter. Airbnb comprises approximately 1.0% of Amova Asset Management Americas Inc.’s portfolio, making the stock its 29th largest holding. Amova Asset Management Americas Inc. owned approximately 0.13% of Airbnb worth $100,654,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Aster Capital Management DIFC Ltd purchased a new position in Airbnb during the third quarter worth approximately $25,000. Root Financial Partners LLC acquired a new stake in shares of Airbnb in the 3rd quarter worth $32,000. NewSquare Capital LLC raised its holdings in shares of Airbnb by 86.4% during the 2nd quarter. NewSquare Capital LLC now owns 287 shares of the company’s stock worth $38,000 after acquiring an additional 133 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Airbnb by 55.5% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 311 shares of the company’s stock worth $38,000 after acquiring an additional 111 shares during the period. Finally, SJS Investment Consulting Inc. boosted its position in shares of Airbnb by 4,255.6% during the 3rd quarter. SJS Investment Consulting Inc. now owns 392 shares of the company’s stock valued at $48,000 after acquiring an additional 383 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Stock Performance

Shares of ABNB opened at $135.54 on Thursday. The stock has a market capitalization of $82.50 billion, a PE ratio of 33.55, a P/E/G ratio of 1.50 and a beta of 1.12. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $143.88. The company’s 50-day simple moving average is $130.64 and its 200-day simple moving average is $126.44.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the firm posted $0.73 EPS. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, sell-side analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Brian Chesky sold 51,230 shares of the company’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $131.16, for a total transaction of $6,719,326.80. Following the sale, the chief executive officer owned 45,854 shares of the company’s stock, valued at approximately $6,014,210.64. This represents a 52.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 58,000 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $130.56, for a total value of $7,572,480.00. Following the completion of the sale, the director owned 634,015 shares in the company, valued at approximately $82,776,998.40. The trade was a 8.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 681,643 shares of company stock worth $87,136,680 over the last 90 days. Corporate insiders own 27.91% of the company’s stock.

Analyst Ratings Changes

ABNB has been the subject of several recent analyst reports. Citigroup upgraded shares of Airbnb from a “neutral” rating to an “outperform” rating in a research report on Wednesday, February 4th. Wedbush restated a “neutral” rating and set a $130.00 price target on shares of Airbnb in a report on Friday, February 13th. Truist Financial lifted their price target on shares of Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a research report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft upgraded Airbnb from a “hold” rating to a “buy” rating and set a $154.00 price objective for the company in a research report on Friday, February 13th. Finally, DA Davidson reduced their target price on Airbnb from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Airbnb currently has an average rating of “Hold” and an average price target of $149.42.

Airbnb Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.