Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in Airbnb, Inc. (NASDAQ:ABNB) by 4.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,013,814 shares of the company’s stock after acquiring an additional 45,586 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Airbnb were worth $121,110,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Compass Wealth Management LLC boosted its holdings in Airbnb by 7.7% in the first quarter. Compass Wealth Management LLC now owns 2,800 shares of the company’s stock valued at $334,000 after acquiring an additional 200 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in Airbnb by 18.6% in the first quarter. Concurrent Investment Advisors LLC now owns 6,626 shares of the company’s stock valued at $792,000 after acquiring an additional 1,041 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. boosted its holdings in Airbnb by 15.0% in the first quarter. Generali Investments CEE investicni spolecnost a.s. now owns 23,000 shares of the company’s stock valued at $2,748,000 after acquiring an additional 3,000 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Airbnb by 72.2% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 14,455 shares of the company’s stock valued at $1,727,000 after acquiring an additional 6,061 shares during the last quarter. Finally, IFM Investors Pty Ltd lifted its stake in shares of Airbnb by 9.8% during the first quarter. IFM Investors Pty Ltd now owns 88,751 shares of the company’s stock worth $11,255,000 after purchasing an additional 7,955 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction on Monday, July 7th. The stock was sold at an average price of $136.40, for a total transaction of $32,190,400.00. Following the sale, the director owned 708,015 shares of the company’s stock, valued at $96,573,246. The trade was a 25.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $136.27, for a total value of $81,762.00. Following the completion of the sale, the chief technology officer directly owned 211,577 shares in the company, valued at $28,831,597.79. This represents a 0.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,629,143 shares of company stock valued at $210,676,703 in the last quarter. Corporate insiders own 27.91% of the company’s stock.

Airbnb Trading Down 0.1%

Shares of Airbnb stock opened at $136.85 on Thursday. The business’s 50 day simple moving average is $132.54 and its 200-day simple moving average is $130.61. The stock has a market capitalization of $85.72 billion, a price-to-earnings ratio of 34.56, a PEG ratio of 2.57 and a beta of 1.13. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). The business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. Airbnb had a net margin of 22.60% and a return on equity of 30.91%. The firm’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. Sell-side analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Cantor Fitzgerald reaffirmed an “underweight” rating and issued a $100.00 target price on shares of Airbnb in a research report on Wednesday, May 14th. BTIG Research reaffirmed a “neutral” rating on shares of Airbnb in a research report on Wednesday, May 28th. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a research report on Friday, May 2nd. UBS Group decreased their target price on Airbnb from $160.00 to $138.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. Finally, Phillip Securities downgraded Airbnb from a “hold” rating to a “moderate sell” rating in a research report on Friday, May 9th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and a consensus price target of $141.47.

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.