AIA Group Ltd Increases Stake in Airbnb, Inc. (NASDAQ:ABNB)

AIA Group Ltd boosted its position in Airbnb, Inc. (NASDAQ:ABNBGet Rating) by 91.1% during the first quarter, HoldingsChannel reports. The fund owned 1,030 shares of the company’s stock after buying an additional 491 shares during the quarter. AIA Group Ltd’s holdings in Airbnb were worth $177,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Airbnb during the fourth quarter valued at about $25,000. Core Wealth Advisors Inc. purchased a new stake in Airbnb during the fourth quarter valued at about $26,000. Itau Unibanco Holding S.A. purchased a new stake in Airbnb during the fourth quarter valued at about $28,000. City State Bank purchased a new stake in Airbnb during the fourth quarter valued at about $25,000. Finally, Rinkey Investments purchased a new stake in Airbnb during the fourth quarter valued at about $31,000. 34.66% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $89.09, for a total value of $222,725.00. Following the transaction, the chief technology officer now owns 263,703 shares in the company, valued at $23,493,300.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CTO Aristotle N. Balogh sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $120.63, for a total value of $482,520.00. Following the transaction, the chief technology officer now owns 266,203 shares in the company, valued at $32,112,067.89. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 2,500 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $89.09, for a total transaction of $222,725.00. Following the completion of the transaction, the chief technology officer now owns 263,703 shares in the company, valued at approximately $23,493,300.27. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 598,934 shares of company stock worth $59,771,495. Insiders own 32.69% of the company’s stock.

Wall Street Analyst Weigh In

ABNB has been the topic of several recent research reports. Citigroup dropped their price objective on shares of Airbnb from $160.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday. Susquehanna lowered their price target on shares of Airbnb from $190.00 to $150.00 and set a “positive” rating on the stock in a report on Wednesday. Needham & Company LLC lowered their price target on shares of Airbnb from $220.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday. JMP Securities downgraded shares of Airbnb from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 22nd. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $160.00 price target on shares of Airbnb in a report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, seventeen have issued a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $158.97.

Airbnb Stock Down 1.8 %

Shares of NASDAQ ABNB opened at $117.11 on Friday. Airbnb, Inc. has a one year low of $86.71 and a one year high of $212.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.58 and a quick ratio of 1.61. The firm’s 50 day simple moving average is $104.85 and its two-hundred day simple moving average is $135.91. The stock has a market capitalization of $75.29 billion, a P/E ratio of 63.99, a PEG ratio of 2.92 and a beta of 1.23.

Airbnb (NASDAQ:ABNBGet Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. Airbnb had a net margin of 16.91% and a return on equity of 26.03%. During the same quarter in the previous year, the company earned ($0.11) EPS. As a group, analysts expect that Airbnb, Inc. will post 2.2 EPS for the current fiscal year.

Airbnb Profile

(Get Rating)

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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