Versor Investments LP Makes New Investment in Airbnb, Inc. (NASDAQ:ABNB)

Versor Investments LP purchased a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) in the second quarter, Holdings Channel reports. The firm purchased 8,515 shares of the company’s stock, valued at approximately $1,291,000.

A number of other hedge funds have also bought and sold shares of the business. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Airbnb during the 1st quarter valued at $7,628,000. Rafferty Asset Management LLC raised its position in 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. SteelPeak Wealth LLC boosted its stake in Airbnb by 17.2% in the first quarter. SteelPeak Wealth LLC now owns 6,708 shares of the company’s stock valued at $1,107,000 after acquiring an additional 985 shares during the last quarter. ProShare Advisors LLC boosted its stake in Airbnb by 20.6% in the first quarter. ProShare Advisors LLC now owns 488,869 shares of the company’s stock valued at $80,644,000 after acquiring an additional 83,383 shares during the last quarter. Finally, State of Tennessee Treasury Department grew its position in shares of Airbnb by 35.8% during the 4th quarter. State of Tennessee Treasury Department now owns 143,254 shares of the company’s stock valued at $19,503,000 after acquiring an additional 37,785 shares during the period. 80.76% of the stock is currently owned by institutional investors.

Airbnb Trading Up 0.6 %

Shares of ABNB stock traded up $0.71 on Monday, hitting $117.31. 3,279,500 shares of the company’s stock traded hands, compared to its average volume of 4,569,176. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The company’s fifty day simple moving average is $135.26 and its 200 day simple moving average is $148.29. The stock has a market capitalization of $75.27 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 1.55 and a beta of 1.18. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 34.74% and a net margin of 46.11%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.98 EPS. Equities analysts forecast that Airbnb, Inc. will post 4.43 EPS for the current year.

Analysts Set New Price Targets

ABNB has been the topic of a number of research reports. Robert W. Baird lowered their price target on shares of Airbnb from $140.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. B. Riley dropped their price target on Airbnb from $150.00 to $140.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Benchmark restated a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a research note on Monday, August 26th. JPMorgan Chase & Co. cut their target price on shares of Airbnb from $145.00 to $121.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Piper Sandler Companies lifted 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. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $137.00.

Insider Activity

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $145.82, for a total value of $87,492.00. Following the completion of the transaction, the chief technology officer now directly owns 211,174 shares of the company’s stock, valued at $30,793,392.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO David C. Bernstein sold 1,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $145.88, for a total transaction of $145,880.00. Following the sale, the chief accounting officer now directly owns 44,043 shares of the company’s stock, valued at $6,424,992.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $145.82, for a total value of $87,492.00. Following the completion of the transaction, the chief technology officer now directly owns 211,174 shares of the company’s stock, valued at approximately $30,793,392.68. The disclosure for this sale can be found here. Insiders sold 619,507 shares of company stock worth $92,442,963 over the last three months. 27.83% of the stock is currently owned by corporate 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.