Czech National Bank Purchases 5,501 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Czech National Bank raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 6.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 89,633 shares of the company’s stock after purchasing an additional 5,501 shares during the period. Czech National Bank’s holdings in Airbnb were worth $11,366,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of ABNB. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Airbnb during the 1st quarter worth $7,628,000. SteelPeak Wealth LLC lifted its holdings in shares of Airbnb by 17.2% during the 1st quarter. SteelPeak Wealth LLC now owns 6,708 shares of the company’s stock worth $1,107,000 after acquiring an additional 985 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Airbnb by 20.6% during the 1st quarter. ProShare Advisors LLC now owns 488,869 shares of the company’s stock worth $80,644,000 after acquiring an additional 83,383 shares during the last quarter. Shellback Capital LP bought a new stake in shares of Airbnb during the 2nd quarter worth $22,744,000. Finally, State of Tennessee Treasury Department lifted its holdings in shares of Airbnb by 35.8% during the 4th quarter. State of Tennessee Treasury Department now owns 143,254 shares of the company’s stock worth $19,503,000 after acquiring an additional 37,785 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ABNB. Truist Financial dropped their price objective on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Wedbush lowered their price target 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. Robert W. Baird lowered their price target on shares of Airbnb from $140.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Mizuho lowered their price target on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, September 13th. Finally, BMO Capital Markets lowered their price target on shares of Airbnb from $151.00 to $130.00 and set a “market perform” rating for the company in a research note on Wednesday, August 7th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $134.16.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total value of $71,364.00. Following the transaction, the chief technology officer now owns 198,244 shares in the company, valued at approximately $23,579,141.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CTO Aristotle N. Balogh sold 80,000 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $149.11, for a total transaction of $11,928,800.00. Following the transaction, the chief technology officer now owns 207,574 shares in the company, valued at $30,951,359.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total transaction of $71,364.00. Following the transaction, the chief technology officer now owns 198,244 shares in the company, valued at approximately $23,579,141.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 672,631 shares of company stock worth $91,006,602. Corporate insiders own 27.83% of the company’s stock.

Airbnb Stock Up 3.6 %

NASDAQ:ABNB traded up $4.56 during mid-day trading on Friday, hitting $129.85. 2,988,440 shares of the company’s stock were exchanged, compared to its average volume of 4,518,248. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41. The business has a fifty day moving average price of $122.16 and a 200 day moving average price of $142.50. The company has a market cap of $83.63 billion, a PE ratio of 17.38, a P/E/G ratio of 1.72 and a beta of 1.17.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.06). The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.74 billion. Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The company’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.98 EPS. Equities analysts predict that Airbnb, Inc. will post 4.39 EPS for the current year.

Airbnb 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.