Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 61.5% in the first quarter, Holdings Channel reports. The firm owned 34,812 shares of the company’s stock after buying an additional 13,255 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Airbnb were worth $5,743,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp purchased a new stake in Airbnb during the 1st quarter valued at about $7,628,000. Assenagon Asset Management S.A. grew its stake in Airbnb by 4.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock valued at $1,119,000 after purchasing an additional 333 shares during the last quarter. Rafferty Asset Management LLC lifted its holdings in shares of Airbnb by 18.4% in the 4th quarter. Rafferty Asset Management LLC now owns 144,848 shares of the company’s stock valued at $19,720,000 after buying an additional 22,551 shares during the period. Stevens Capital Management LP acquired a new position in shares of Airbnb in the 4th quarter valued at about $726,000. Finally, Cerity Partners LLC lifted its holdings in shares of Airbnb by 14.4% in the 4th quarter. Cerity Partners LLC now owns 95,572 shares of the company’s stock valued at $13,011,000 after buying an additional 12,008 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ABNB. Mizuho raised Airbnb from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $150.00 to $200.00 in a report on Wednesday, April 24th. Tigress Financial boosted their price objective on Airbnb from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, April 5th. Benchmark reissued a “buy” rating and issued a $190.00 price objective on shares of Airbnb in a report on Thursday, July 18th. Wells Fargo & Company boosted their price objective on Airbnb from $127.00 to $129.00 and gave the company an “underweight” rating in a report on Tuesday, July 9th. Finally, Wedbush raised Airbnb from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $160.00 to $165.00 in a report on Tuesday, May 28th. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $152.74.

Insider Activity

In other news, Director Joseph Gebbia sold 44,990 shares of the company’s stock in a transaction that occurred on 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 sale, the director now directly owns 46,467 shares in the company, valued at $6,971,908.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Joseph Gebbia sold 44,990 shares of the company’s stock in a transaction that occurred on 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 sale, the director now directly owns 46,467 shares in the company, valued at $6,971,908.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO David C. Bernstein sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $147.00, for a total value of $882,000.00. Following the completion of the sale, the chief accounting officer now owns 47,043 shares of the company’s stock, valued at $6,915,321. The disclosure for this sale can be found here. Insiders sold 540,707 shares of company stock worth $80,386,079 over the last ninety days. Corporate insiders own 27.83% of the company’s stock.

Airbnb Price Performance

NASDAQ:ABNB traded down $1.43 during trading hours on Tuesday, hitting $148.75. 2,674,354 shares of the stock were exchanged, compared to its average volume of 4,324,890. Airbnb, Inc. has a 52-week low of $113.24 and a 52-week high of $170.10. The firm’s fifty day moving average price is $148.02 and its 200 day moving average price is $152.19. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25. The company has a market cap of $95.80 billion, a P/E ratio of 19.85, a P/E/G ratio of 1.83 and a beta of 1.18.

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

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.