Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Plato Investment Management Ltd

Plato Investment Management Ltd boosted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 845.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,135 shares of the company’s stock after buying an additional 11,746 shares during the period. Plato Investment Management Ltd’s holdings in Airbnb were worth $2,167,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC acquired a new position in Airbnb during the first quarter worth approximately $25,000. Trust Co. of Vermont acquired a new position in shares of Airbnb in the fourth quarter valued at approximately $27,000. Bfsg LLC acquired a new position in shares of Airbnb in the fourth quarter valued at approximately $27,000. Westend Capital Management LLC acquired a new position in shares of Airbnb in the first quarter valued at approximately $33,000. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Airbnb in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $145.71, for a total transaction of $87,426.00. Following the completion of the sale, the chief technology officer now directly owns 212,374 shares in the company, valued at $30,945,015.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO David C. Bernstein sold 2,000 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $145.50, for a total value of $291,000.00. Following the completion of the sale, the chief accounting officer now owns 45,043 shares of the company’s stock, valued at $6,553,756.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $145.71, for a total value of $87,426.00. Following the completion of the sale, the chief technology officer now directly owns 212,374 shares of the company’s stock, valued at approximately $30,945,015.54. The disclosure for this sale can be found here. Insiders sold 735,492 shares of company stock worth $109,423,324 over the last three months. 27.83% of the stock is owned by insiders.

Airbnb Trading Down 3.2 %

Airbnb stock traded down $4.47 during trading on Thursday, hitting $135.09. The company’s stock had a trading volume of 5,142,101 shares, compared to its average volume of 4,325,606. The stock has a market capitalization of $87.00 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 1.72 and a beta of 1.18. The stock’s fifty day moving average is $147.49 and its 200 day moving average is $152.24. Airbnb, Inc. has a 1-year low of $113.24 and a 1-year high of $170.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.44.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results 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%. The firm’s revenue was up 17.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 earnings per share. As a group, equities research analysts predict that Airbnb, Inc. will post 4.66 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ABNB shares. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a report on Thursday, May 9th. Citigroup decreased their price target on Airbnb from $170.00 to $167.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. JPMorgan Chase & Co. lifted their price target on Airbnb from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Thursday, May 9th. B. Riley began coverage on Airbnb in a research note on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price target on the stock. Finally, Mizuho upgraded Airbnb from a “neutral” rating to a “buy” rating and lifted their price target for the company from $150.00 to $200.00 in a research note on Wednesday, April 24th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and an average target price of $152.24.

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.