Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH lifted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 133.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 54,362 shares of the company’s stock after buying an additional 31,037 shares during the quarter. Siemens Fonds Invest GmbH’s holdings in Airbnb were worth $6,630,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ABNB. Verde Capital Management increased its holdings in shares of Airbnb by 25.3% in the fourth quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after purchasing an additional 4,269 shares during the period. Baltimore Washington Financial Advisors Inc. grew its position in Airbnb by 14.8% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock valued at $6,498,000 after buying an additional 6,357 shares during the last quarter. Sarasin & Partners LLP acquired a new position in Airbnb in the 4th quarter valued at $2,272,000. RFG Advisory LLC raised its position in Airbnb by 47.2% during the 4th quarter. RFG Advisory LLC now owns 6,617 shares of the company’s stock worth $870,000 after buying an additional 2,123 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in shares of Airbnb in the 4th quarter worth $1,445,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insiders Place Their Bets

In related news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $161.05, for a total value of $112,735.00. Following the completion of the transaction, the chief technology officer now directly owns 180,514 shares in the company, valued at approximately $29,071,779.70. This trade represents a 0.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian Chesky sold 115,385 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $160.32, for a total value of $18,498,523.20. Following the sale, the chief executive officer now owns 11,885,528 shares in the company, valued at $1,905,487,848.96. The trade was a 0.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,533,331 shares of company stock worth $195,015,055 in the last quarter. 27.83% of the stock is owned by corporate insiders.

Airbnb Trading Down 0.5%

ABNB stock opened at $136.79 on Friday. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The company has a market cap of $86.25 billion, a price-to-earnings ratio of 33.12, a PEG ratio of 3.52 and a beta of 1.14. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $121.58 and a 200-day simple moving average of $131.26.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Airbnb’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 EPS. On average, equities research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Analysts Set New Price Targets

ABNB has been the topic of a number of recent analyst reports. Tigress Financial boosted their price target on shares of Airbnb from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, March 14th. B. Riley cut their target price on Airbnb from $145.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, May 2nd. Canaccord Genuity Group dropped their price objective on Airbnb from $190.00 to $180.00 and set a “buy” rating on the stock in a report on Monday, April 28th. DA Davidson upgraded Airbnb from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $170.00 to $155.00 in a research report on Wednesday, April 30th. Finally, Cantor Fitzgerald restated an “underweight” rating and set a $100.00 target price on shares of Airbnb in a research report on Wednesday. Four research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $141.43.

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.