Airbnb, Inc. $ABNB Stock Holdings Increased by Deutsche Bank AG

Deutsche Bank AG lifted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 10.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,966,496 shares of the company’s stock after acquiring an additional 186,683 shares during the quarter. Deutsche Bank AG’s holdings in Airbnb were worth $266,893,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sumitomo Life Insurance Co. lifted its position in shares of Airbnb by 15.0% in the third quarter. Sumitomo Life Insurance Co. now owns 66,071 shares of the company’s stock worth $8,022,000 after purchasing an additional 8,636 shares in the last quarter. Merit Financial Group LLC lifted its position in shares of Airbnb by 72.1% in the fourth quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock worth $4,478,000 after purchasing an additional 13,818 shares in the last quarter. Madison Asset Management LLC lifted its position in shares of Airbnb by 55.0% in the third quarter. Madison Asset Management LLC now owns 401,679 shares of the company’s stock worth $48,772,000 after purchasing an additional 142,583 shares in the last quarter. ARK Investment Management LLC lifted its position in shares of Airbnb by 30.7% in the third quarter. ARK Investment Management LLC now owns 1,035,828 shares of the company’s stock worth $125,770,000 after purchasing an additional 243,299 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Airbnb by 14.6% in the third quarter. Victory Capital Management Inc. now owns 1,529,652 shares of the company’s stock worth $185,730,000 after purchasing an additional 195,055 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 265,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $135.45, for a total transaction of $35,894,250.00. Following the transaction, the director owned 3,182,355 shares in the company, valued at $431,049,984.75. This trade represents a 7.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian Chesky sold 265,746 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $132.22, for a total value of $35,136,936.12. Following the transaction, the chief executive officer owned 11,206,389 shares in the company, valued at approximately $1,481,708,753.58. This trade represents a 2.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,677,117 shares of company stock worth $226,595,468 over the last 90 days. Insiders own 27.21% of the company’s stock.

Airbnb Trading Down 1.7%

Shares of ABNB stock opened at $129.10 on Thursday. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $147.25. 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 business’s 50 day moving average is $134.67 and its two-hundred day moving average is $131.12. The company has a market cap of $77.81 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 1.41 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter last year, the business earned $0.24 EPS. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. Equities analysts predict that Airbnb, Inc. will post 4.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on ABNB. Argus raised shares of Airbnb to a “strong-buy” rating in a research report on Tuesday, February 17th. Cantor Fitzgerald upgraded Airbnb from a “neutral” rating to an “overweight” rating in a report on Monday, May 4th. Citizens Jmp increased their price objective on Airbnb from $160.00 to $170.00 and gave the stock a “market outperform” rating in a report on Friday, May 8th. TD Cowen increased their price objective on Airbnb from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Finally, Susquehanna increased their price objective on Airbnb from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Airbnb currently has a consensus rating of “Moderate Buy” and an average price target of $157.76.

Airbnb Profile

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.