Airbnb, Inc. $ABNB Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 26.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,502,280 shares of the company’s stock after acquiring an additional 314,855 shares during the period. Quantinno Capital Management LP’s holdings in Airbnb were worth $189,708,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ABNB. Merit Financial Group LLC boosted its stake in shares of Airbnb by 72.1% during the fourth quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock worth $4,478,000 after buying an additional 13,818 shares during the period. North Dakota State Investment Board acquired a new position in Airbnb in the 4th quarter valued at about $2,785,000. North Star Asset Management Inc. increased its position in Airbnb by 13.4% in the 4th quarter. North Star Asset Management Inc. now owns 78,564 shares of the company’s stock valued at $10,663,000 after acquiring an additional 9,294 shares during the period. Mitsubishi UFJ Trust & Banking Corp raised its stake in Airbnb by 18.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 223,291 shares of the company’s stock valued at $30,305,000 after acquiring an additional 34,573 shares during the last quarter. Finally, Danske Bank A S raised its stake in Airbnb by 11.0% during the 4th quarter. Danske Bank A S now owns 235,557 shares of the company’s stock valued at $31,970,000 after acquiring an additional 23,422 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $146.86 on Tuesday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The company has a market cap of $88.51 billion, a P/E ratio of 36.17, a PEG ratio of 1.51 and a beta of 1.14. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $150.88. The company has a 50-day moving average price of $140.10 and a 200 day moving average price of $134.68.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the prior year, the firm posted $0.24 EPS. Airbnb’s revenue for the quarter was up 17.9% compared to the same quarter last year. Research analysts predict that Airbnb, Inc. will post 4.93 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Nathan Blecharczyk sold 13,615 shares of Airbnb stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $148.37, for a total value of $2,020,057.55. Following the sale, the insider directly owned 81,677 shares in the company, valued at $12,118,416.49. The trade was a 14.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Elinor Mertz sold 3,750 shares of Airbnb stock in a transaction that occurred on Thursday, July 2nd. The shares were sold at an average price of $148.01, for a total value of $555,037.50. Following the completion of the sale, the chief financial officer owned 445,290 shares in the company, valued at approximately $65,907,372.90. This trade represents a 0.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 2,231,864 shares of company stock valued at $308,474,278 over the last 90 days. 27.21% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on Airbnb from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Citizens Jmp upped their price target on Airbnb from $160.00 to $170.00 and gave the stock a “market outperform” rating in a research note on Friday, May 8th. Cantor Fitzgerald upgraded Airbnb from a “neutral” rating to an “overweight” rating in a research note on Monday, May 4th. UBS Group increased their price target on Airbnb from $153.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Robert W. Baird lifted their price objective on shares of Airbnb from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Airbnb currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.65.

About Airbnb

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.