Qube Research & Technologies Ltd acquired a new position in shares of Airbnb, Inc. (NASDAQ: ABNB – Get a rating) in Q1, according to the company in its latest SEC filing. The fund acquired 11,575 shares of the company, valued at approximately $1,988,000.
Several other large investors have also recently changed their holdings in ABNB. Flossbach Von Storch AG bought a new position in shares of Airbnb during the 4th quarter for a value of approximately $1,665,000. Assenagon Asset Management SA acquired a new position in Airbnb during Q4 worth approximately $221,000. Fisher Asset Management LLC acquired a new position in Airbnb during Q4 worth approximately $241,000. The New York State Common Retirement Fund increased its stake in Airbnb by 74.4% during Q4. The New York State Common Retirement Fund now owns 64,244 shares of the company valued at $10,696,000 after purchasing an additional 27,397 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its stake in Airbnb by 7.6% during the 4th quarter. Arkadios Wealth Advisors now owns 1,308 shares of the company valued at $218,000 after buying 92 more shares last quarter. Institutional investors hold 34.66% of the company’s shares.
Analysts set new price targets
ABNB has been the subject of a number of recent analyst reports. Credit Suisse Group cut its price target on Airbnb shares from $190.00 to $165.00 and set a “neutral” rating on the stock in a Wednesday, Aug. 3 research note. Stifel Nicolaus cut his price target on Airbnb shares from $205.00 to $180.00 in a Wednesday May 4 research note. Canaccord Genuity Group cut its price target on Airbnb shares from $200.00 to $175.00 and set a “buy” rating on the stock in a Wednesday, Aug. 3 research note. Argus began covering Airbnb shares in a research note on Tuesday, July 26. They issued a “holding” rating on the stock. Finally, Citigroup reduced its price target on Airbnb shares from $160.00 to $140.00 and placed a “buy” rating on the stock in a Wednesday, Aug. 3 research note. One investment analyst has assigned the stock a sell rating, seventeen have assigned a hold rating and fifteen have assigned the stock a buy rating. According to data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average price target of $158.41.
Airbnb trades up 2.5%
NASDAQ ABNB opened at $124.51 on Friday. The company has a 50-day simple moving average of $104.70 and a 200-day simple moving average of $134.44. The company has a debt ratio of 0.38, a quick ratio of 1.58 and a current ratio of 1.58. Airbnb, Inc. has a one-year minimum of $86.71 and a one-year maximum of $212.58. The company has a market capitalization of $80.77 billion, a price-earnings ratio of 68.04 and a beta of 1.23.
Airbnb (NASDAQ: ABNB – Get a rating) last released its quarterly results on Tuesday, August 2. The company reported earnings per share (EPS) of $0.56 for the quarter, beating analyst consensus estimates of $0.41 by $0.15. Airbnb had a net margin of 16.91% and a return on equity of 26.03%. During the same period of the previous year, the company made ($0.11) earnings per share. Equity research analysts expect Airbnb, Inc. to post a 2.2 EPS for the current fiscal year.
Insider Trading at Airbnb
In other news, Director Belinda J Johnson sold 1,000 shares of the company in a trade that took place on Thursday, June 16. The shares were sold at an average price of $96.39, for a total transaction of $96,390.00. Following the completion of the sale, the administrator now owns 5,920 shares of the company, valued at approximately $570,628.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. In other Airbnb news, CTO Aristotle N. Balogh sold 2,500 shares of the company in a trade on Friday, July 1. The shares were sold at an average price of $89.09, for a total transaction of $222,725.00. Following the sale, the CTO now directly owns 263,703 shares of the company, valued at approximately $23,493,300.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available via the SEC website. Additionally, director Belinda J. Johnson sold 1,000 shares of the company in a trade on Thursday, June 16. The stock was sold at an average price of $96.39, for a total transaction of $96,390.00. Following the sale, the director now owns 5,920 shares of the company, valued at $570,628.80. Disclosure of this sale can be found here. During the last quarter, insiders sold 604,934 shares of the company worth $60,491,495. 32.69% of the shares are currently held by insiders.
About Airbnb
Airbnb, Inc., together with its affiliates, operates a platform that enables hosts to provide stays and experiences to travelers around the world. The company’s marketplace model connects hosts and guests online or via mobile devices to book spaces and experiences. It mainly offers private rooms, main residences or vacation homes.
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