AIA Group Ltd Purchases 7,096 Shares of Airbnb, Inc. (NASDAQ:ABNB)

AIA Group Ltd lifted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 47.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,120 shares of the company’s stock after purchasing an additional 7,096 shares during the quarter. AIA Group Ltd’s holdings in Airbnb were worth $3,649,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Joel Isaacson & Co. LLC boosted its position in shares of Airbnb by 2.3% during the first quarter. Joel Isaacson & Co. LLC now owns 2,986 shares of the company’s stock valued at $493,000 after purchasing an additional 67 shares in the last quarter. Miracle Mile Advisors LLC boosted its position in shares of Airbnb by 0.7% during the first quarter. Miracle Mile Advisors LLC now owns 9,339 shares of the company’s stock valued at $1,541,000 after purchasing an additional 68 shares in the last quarter. Cigna Investments Inc. New boosted its position in shares of Airbnb by 1.6% during the first quarter. Cigna Investments Inc. New now owns 4,419 shares of the company’s stock valued at $729,000 after purchasing an additional 69 shares in the last quarter. Mount Vernon Associates Inc. MD boosted its holdings in Airbnb by 1.0% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,270 shares of the company’s stock worth $990,000 after acquiring an additional 75 shares in the last quarter. Finally, Cambridge Trust Co. boosted its holdings in Airbnb by 10.0% in the fourth quarter. Cambridge Trust Co. now owns 825 shares of the company’s stock worth $112,000 after acquiring an additional 75 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 44,990 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $150.04, for a total value of $6,750,299.60. Following the completion of the transaction, the director now owns 46,467 shares of the company’s stock, valued at $6,971,908.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Joseph Gebbia sold 44,990 shares of the company’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $150.04, for a total value of $6,750,299.60. Following the completion of the transaction, the director now owns 46,467 shares of the company’s stock, valued at $6,971,908.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 115,385 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $146.08, for a total value of $16,855,440.80. Following the completion of the transaction, the chief executive officer now directly owns 14,260,457 shares of the company’s stock, valued at approximately $2,083,167,558.56. The disclosure for this sale can be found here. Insiders sold a total of 540,307 shares of company stock valued at $80,338,959 over the last 90 days. Company insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

ABNB traded up $0.78 during midday trading on Friday, reaching $146.78. The company had a trading volume of 2,923,060 shares, compared to its average volume of 4,372,526. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average of $148.64 and a two-hundred day moving average of $151.43. The company has a market cap of $94.53 billion, a P/E ratio of 19.65, a P/E/G ratio of 1.88 and a beta of 1.18. Airbnb, Inc. has a 1 year low of $113.24 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.18. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The business’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.18 earnings per share. As a group, equities research analysts predict that Airbnb, Inc. will post 4.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a report on Thursday, May 9th. Wells Fargo & Company boosted their target price on Airbnb from $127.00 to $129.00 and gave the stock an “underweight” rating in a report on Tuesday. Mizuho raised Airbnb from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $150.00 to $200.00 in a report on Wednesday, April 24th. UBS Group boosted their target price on Airbnb from $143.00 to $157.00 and gave the stock a “neutral” rating in a report on Thursday, May 9th. Finally, DA Davidson reissued a “neutral” rating and issued a $145.00 target price on shares of Airbnb in a report on Thursday, May 9th. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and an average target price of $152.44.

Airbnb Company Profile

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.