ProShare Advisors LLC Boosts Holdings in Airbnb, Inc. (NASDAQ:ABNB)

ProShare Advisors LLC increased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 20.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 488,869 shares of the company’s stock after acquiring an additional 83,383 shares during the period. ProShare Advisors LLC owned approximately 0.08% of Airbnb worth $80,644,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Airbnb during the first quarter worth approximately $7,628,000. Compagnie Lombard Odier SCmA raised its position in shares of Airbnb by 34.7% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 31,612 shares of the company’s stock valued at $4,304,000 after buying an additional 8,140 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Airbnb by 4.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock worth $1,119,000 after buying an additional 333 shares in the last quarter. Rafferty Asset Management LLC boosted its position in Airbnb by 18.4% during the fourth quarter. Rafferty Asset Management LLC now owns 144,848 shares of the company’s stock worth $19,720,000 after acquiring an additional 22,551 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in Airbnb by 27.5% during the 4th quarter. Nordea Investment Management AB now owns 1,268,390 shares of the company’s stock valued at $172,742,000 after acquiring an additional 273,191 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Airbnb news, CEO Brian Chesky sold 115,385 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $146.08, for a total transaction of $16,855,440.80. Following the sale, the chief executive officer now owns 14,260,457 shares in the company, valued at $2,083,167,558.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Brian Chesky sold 115,385 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $146.08, for a total transaction 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 $2,083,167,558.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $157.24, for a total value of $94,344.00. Following the completion of the sale, the chief technology officer now directly owns 221,104 shares in the company, valued at $34,766,392.96. The disclosure for this sale can be found here. Insiders have sold 540,707 shares of company stock worth $80,391,341 in the last three months. 27.83% of the stock is owned by insiders.

Airbnb Trading Down 2.3 %

Shares of Airbnb stock traded down $3.44 during mid-day trading on Wednesday, hitting $147.82. 2,170,282 shares of the stock were exchanged, compared to its average volume of 4,348,102. The company has a 50-day simple moving average of $148.17 and a 200 day simple moving average of $151.80. 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 stock has a market capitalization of $95.20 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 1.82 and a beta of 1.18. Airbnb, Inc. has a twelve month low of $113.24 and a twelve month high of $170.10.

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

Analysts Set New Price Targets

ABNB has been the subject of several analyst reports. B. Riley Financial assumed coverage on shares of Airbnb in a research note on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 target price on the stock. BMO Capital Markets lifted their target price on Airbnb from $135.00 to $151.00 and gave the company a “market perform” rating in a report on Thursday, May 9th. Truist Financial upped their price target on Airbnb from $131.00 to $134.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Piper Sandler reiterated a “neutral” rating and issued a $155.00 price objective (up previously from $145.00) on shares of Airbnb in a research note on Thursday, May 9th. Finally, Benchmark began coverage on shares of Airbnb in a research note on Thursday, April 11th. They set a “buy” rating and a $190.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Airbnb has an average rating of “Hold” and a consensus target price of $152.44.

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.