Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. boosted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 8.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,425 shares of the company’s stock after purchasing an additional 1,917 shares during the period. QRG Capital Management Inc.’s holdings in Airbnb were worth $4,029,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp acquired a new position in Airbnb during the first quarter valued at $7,628,000. Compagnie Lombard Odier SCmA raised its position in shares of Airbnb by 34.7% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 31,612 shares of the company’s stock worth $4,304,000 after acquiring an additional 8,140 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Airbnb by 4.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock worth $1,119,000 after acquiring an additional 333 shares during the period. Rafferty Asset Management LLC raised its position in shares of Airbnb by 18.4% in the fourth quarter. Rafferty Asset Management LLC now owns 144,848 shares of the company’s stock worth $19,720,000 after acquiring an additional 22,551 shares during the period. Finally, Nordea Investment Management AB raised its position in shares of Airbnb by 27.5% in the fourth quarter. Nordea Investment Management AB now owns 1,268,390 shares of the company’s stock worth $172,742,000 after acquiring an additional 273,191 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Trading Down 1.9 %

Shares of ABNB stock traded down $2.89 during trading hours on Wednesday, hitting $148.37. The company had a trading volume of 526,534 shares, compared to its average volume of 4,336,016. The company’s fifty day moving average is $148.17 and its 200 day moving average is $151.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44. Airbnb, Inc. has a fifty-two week low of $113.24 and a fifty-two week high of $170.10. The stock has a market capitalization of $95.56 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.82 and a beta of 1.18.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.23 by $0.18. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the business posted $0.18 EPS. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. Research analysts expect that Airbnb, Inc. will post 4.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ABNB has been the subject of a number of analyst reports. TD Cowen decreased their price objective on shares of Airbnb from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Piper Sandler Companies boosted their target price on shares of Airbnb from $145.00 to $155.00 and gave the stock a “neutral” rating in a research note on Thursday, May 9th. Piper Sandler reissued a “neutral” rating and set a $155.00 target price (up previously from $145.00) on shares of Airbnb in a research note on Thursday, May 9th. Mizuho raised shares of Airbnb from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $150.00 to $200.00 in a research note on Wednesday, April 24th. Finally, Benchmark assumed coverage on shares of Airbnb in a research note on Thursday, April 11th. They set a “buy” rating and a $190.00 target price for the company. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Airbnb currently has an average rating of “Hold” and an average price target of $152.44.

Insider Transactions at Airbnb

In other Airbnb news, CAO David C. Bernstein sold 6,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $147.00, for a total transaction of $882,000.00. Following the sale, the chief accounting officer now directly owns 47,043 shares in the company, valued at approximately $6,915,321. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Airbnb news, CAO David C. Bernstein sold 6,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $147.00, for a total value of $882,000.00. Following the sale, the chief accounting officer now directly owns 47,043 shares of the company’s stock, valued at approximately $6,915,321. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $157.24, for a total transaction of $94,344.00. Following the completion of the sale, the chief technology officer now directly owns 221,104 shares in the company, valued at $34,766,392.96. The disclosure for this sale can be found here. In the last three months, insiders have sold 539,707 shares of company stock worth $80,245,461. 27.83% of the stock is currently owned by insiders.

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.