46,684 Shares in Airbnb, Inc. $ABNB Purchased by Flossbach Von Storch SE

Flossbach Von Storch SE acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 46,684 shares of the company’s stock, valued at approximately $6,680,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. North Dakota State Investment Board acquired a new stake in Airbnb during the fourth quarter valued at $2,785,000. North Star Asset Management Inc. increased its position in Airbnb by 13.4% in the 4th quarter. North Star Asset Management Inc. now owns 78,564 shares of the company’s stock worth $10,663,000 after purchasing an additional 9,294 shares during the last quarter. Carmignac Gestion raised its stake in shares of Airbnb by 40.8% during the 1st quarter. Carmignac Gestion now owns 659,570 shares of the company’s stock worth $83,290,000 after purchasing an additional 191,200 shares in the last quarter. Oxbow Advisors LLC raised its stake in shares of Airbnb by 122.9% during the 4th quarter. Oxbow Advisors LLC now owns 50,414 shares of the company’s stock worth $6,842,000 after purchasing an additional 27,793 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Airbnb by 18.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 223,291 shares of the company’s stock valued at $30,305,000 after buying an additional 34,573 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on ABNB. Robert W. Baird boosted their price target on Airbnb from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. Royal Bank Of Canada set a $165.00 price objective on shares of Airbnb in a research report on Monday, August 10th. HC Wainwright upgraded shares of Airbnb to a “buy” rating in a research note on Monday, May 4th. Jefferies Financial Group boosted their target price on shares of Airbnb from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, BMO Capital Markets increased their price target on shares of Airbnb from $146.00 to $165.00 and gave the stock a “market perform” rating in a research note on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $172.00.

Airbnb Stock Performance

ABNB opened at $186.39 on Thursday. The company has a market cap of $111.61 billion, a PE ratio of 42.36, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14. The stock has a 50-day moving average of $151.98 and a 200-day moving average of $138.77. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $189.20. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.41 and a current ratio of 1.41.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. Airbnb had a return on equity of 33.38% and a net margin of 20.45%.The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same period last year, the business earned $1.03 EPS. The firm’s revenue was up 16.3% compared to the same quarter last year. As a group, equities research analysts forecast that Airbnb, Inc. will post 5.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 531,000 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $174.41, for a total transaction of $92,611,710.00. Following the transaction, the insider owned 171,370 shares in the company, valued at $29,888,641.70. This trade represents a 75.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joseph Gebbia sold 294,903 shares of the business’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $148.43, for a total transaction of $43,772,452.29. Following the completion of the sale, the director owned 2,622,452 shares of the company’s stock, valued at $389,250,550.36. The trade was a 10.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,121,551 shares of company stock worth $461,483,447 over the last 90 days. Insiders own 27.21% of the company’s stock.

About Airbnb

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.