OMERS ADMINISTRATION Corp Acquires 7,613 Shares of Airbnb, Inc. $ABNB

OMERS ADMINISTRATION Corp increased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 21.7% in the 1st quarter, HoldingsChannel reports. The fund owned 42,696 shares of the company’s stock after acquiring an additional 7,613 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Airbnb were worth $5,392,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ABNB. ORG Partners LLC lifted its stake in shares of Airbnb by 97.0% in the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after purchasing an additional 96 shares during the last quarter. Transamerica Financial Advisors LLC raised its holdings in Airbnb by 143.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after buying an additional 112 shares during the period. Entrust Financial LLC purchased a new stake in Airbnb during the 4th quarter valued at $27,000. Meeder Asset Management Inc. lifted its position in Airbnb by 96.3% in the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock worth $27,000 after buying an additional 105 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its position in Airbnb by 397.7% in the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after buying an additional 175 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Benchmark lifted their price objective on shares of Airbnb from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Susquehanna increased their target price on shares of Airbnb from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Needham & Company LLC assumed coverage on shares of Airbnb in a report on Monday, May 4th. They issued a “buy” rating for the company. B. Riley Financial reaffirmed a “buy” rating on shares of Airbnb in a research note on Friday, May 8th. Finally, Wedbush began coverage on shares of Airbnb in a report on Thursday, July 16th. They set a “neutral” rating and a $152.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $159.65.

Insider Activity at Airbnb

In related news, Director Joseph Gebbia sold 2,460 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $150.00, for a total value of $369,000.00. Following the transaction, the director owned 2,595,119 shares of the company’s stock, valued at $389,267,850. This trade represents a 0.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kenneth I. Chenault sold 8,346 shares of Airbnb stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $150.00, for a total transaction of $1,251,900.00. Following the sale, the director owned 40,879 shares of the company’s stock, valued at $6,131,850. The trade was a 16.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,231,864 shares of company stock valued at $308,474,278 over the last ninety days. Company insiders own 27.21% of the company’s stock.

Airbnb Price Performance

ABNB opened at $141.10 on Monday. The business has a fifty day moving average of $139.84 and a 200 day moving average of $134.61. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $150.88. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The stock has a market cap of $85.04 billion, a P/E ratio of 34.75, a PEG ratio of 1.51 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the business earned $0.24 EPS. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.93 EPS for the current year.

Airbnb Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.