Airbnb, Inc. (NASDAQ:ABNB) Stock Position Lifted by Xponance Inc.

Xponance Inc. boosted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.8% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 101,522 shares of the company’s stock after purchasing an additional 2,734 shares during the period. Xponance Inc.’s holdings in Airbnb were worth $15,394,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its position in Airbnb by 57.9% in the first quarter. Jennison Associates LLC now owns 10,632,035 shares of the company’s stock worth $1,753,860,000 after acquiring an additional 3,899,179 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Airbnb by 158.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock worth $958,279,000 after acquiring an additional 3,558,178 shares in the last quarter. Edgewood Management LLC grew its position in Airbnb by 20.8% in the fourth quarter. Edgewood Management LLC now owns 12,417,777 shares of the company’s stock worth $1,690,556,000 after acquiring an additional 2,135,529 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Airbnb by 19,052.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company’s stock worth $256,784,000 after acquiring an additional 1,684,646 shares in the last quarter. Finally, Farallon Capital Management LLC bought a new stake in Airbnb in the first quarter worth approximately $265,292,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Trading Up 1.9 %

Shares of ABNB stock opened at $131.18 on Monday. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The stock has a market cap of $84.49 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a fifty day moving average of $125.60 and a 200-day moving average of $144.63.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same quarter in the prior year, the company posted $0.98 EPS. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts forecast that Airbnb, Inc. will post 4.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. TD Cowen reduced their price objective on shares of Airbnb from $170.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research note on Wednesday, August 7th. JPMorgan Chase & Co. reduced their price objective on shares of Airbnb from $145.00 to $121.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Airbnb from $143.00 to $90.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Finally, Wedbush reduced their price objective on shares of Airbnb from $165.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Airbnb presently has an average rating of “Hold” and a consensus target price of $134.17.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $148.97, for a total transaction of $89,382.00. Following the completion of the transaction, the chief technology officer now directly owns 209,374 shares of the company’s stock, valued at approximately $31,190,444.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Joseph Gebbia sold 11,635 shares of Airbnb stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $150.02, for a total transaction of $1,745,482.70. Following the completion of the transaction, the director now directly owns 30,435 shares of the company’s stock, valued at approximately $4,565,858.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $148.97, for a total transaction of $89,382.00. Following the completion of the sale, the chief technology officer now owns 209,374 shares of the company’s stock, valued at approximately $31,190,444.78. The disclosure for this sale can be found here. Insiders sold 564,624 shares of company stock valued at $77,580,547 in the last ninety days. Insiders own 27.83% of the company’s stock.

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.