1 week Ago By ABMN Staff
New York Life Investment Management LLC lifted its position in shares of Airbnb, Inc. ( NASDAQ:ABNB – Free Report ) by 2.3% during the 2nd quarter, HoldingsChannel.
com reports. The firm owned 67,449 shares of the company’s stock after buying an additional 1,520 shares during the quarter. New York Life Investment Management LLC’s holdings in Airbnb were worth $10,227,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Airbnb by 2.
4% during the first quarter. Vanguard Group Inc. now owns 34,324,465 shares of the company’s stock worth $5,662,164,000 after purchasing an additional 791,149 shares during the last quarter.
Edgewood Management LLC grew its holdings in shares of Airbnb by 20.8% during the fourth quarter. Edgewood Management LLC now owns 12,417,777 shares of the company’s stock worth $1,690,556,000 after purchasing an additional 2,135,529 shares during the last quarter.
Jennison Associates LLC boosted its holdings in Airbnb by 57.9% in the first quarter. Jennison Associates LLC now owns 10,632,035 shares of the company’s stock valued at $1,753,860,000 after acquiring an additional 3,899,179 shares during the last quarter.
Price T Rowe Associates Inc. MD boosted its holdings in Airbnb by 158.1% in the first quarter.
Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock valued at $958,279,000 after acquiring an additional 3,558,178 shares during the last quarter. Finally, Norges Bank bought a new stake in Airbnb in the fourth quarter valued at approximately $619,584,000.
80.76% of the stock is currently owned by institutional investors. Analyst Upgrades and Downgrades Several analysts recently commented on the company.
Piper Sandler reduced their target price on Airbnb from $155.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th.
JPMorgan Chase & Co. reduced their target price on Airbnb from $145.00 to $121.
00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Benchmark reiterated a “buy” rating and issued a $155.00 target price on shares of Airbnb in a report on Monday, August 26th.
Deutsche Bank Aktiengesellschaft reduced their target price on Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th.
Finally, The Goldman Sachs Group reduced their target price on Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a report on Thursday, August 8th.
Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $134.
48. Airbnb Trading Down 1.6 % NASDAQ ABNB opened at $114.
28 on Friday. The firm has a market capitalization of $73.60 billion, a P/E ratio of 15.
30, a PEG ratio of 1.55 and a beta of 1.16.
The business has a fifty day simple moving average of $131.77 and a 200 day simple moving average of $147.02.
Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.
10. The company has a current ratio of 1.41, a quick ratio of 1.
41 and a debt-to-equity ratio of 0.25. Airbnb ( NASDAQ:ABNB – Get Free Report ) last released its quarterly earnings results on Tuesday, August 6th.
The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.
06). The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.
74 billion. Airbnb had a net margin of 46.11% and a return on equity of 34.
74%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year.
During the same period in the previous year, the company posted $0.98 earnings per share. On average, analysts predict that Airbnb, Inc.
will post 4.43 EPS for the current fiscal year. Insider Activity at Airbnb In related news, Director Joseph Gebbia sold 44,990 shares of the stock in a transaction on Wednesday, June 12th.
The stock was sold at an average price of $150.04, for a total value of $6,750,299.60.
Following the completion of the sale, the director now directly owns 46,467 shares of the company’s stock, valued at approximately $6,971,908.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link .
In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $152.
92, for a total value of $91,752.00. Following the completion of the transaction, the chief technology officer now owns 208,174 shares in the company, valued at approximately $31,833,968.
08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website . Also, Director Joseph Gebbia sold 44,990 shares of the company’s stock in a transaction on Wednesday, June 12th.
The shares were sold at an average price of $150.04, for a total value of $6,750,299.60.
Following the completion of the transaction, the director now owns 46,467 shares of the company’s stock, valued at approximately $6,971,908.68. The disclosure for this sale can be found here .
In the last three months, insiders sold 612,907 shares of company stock valued at $91,473,471. 27.83% of the stock is owned by insiders.
Airbnb Profile ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding ABNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Airbnb, Inc. ( NASDAQ:ABNB – Free Report ).
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