Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Vident Advisory LLC

Vident Advisory LLC increased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 13.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 27,492 shares of the company’s stock after purchasing an additional 3,363 shares during the period. Vident Advisory LLC’s holdings in Airbnb were worth $3,613,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ABNB. Golden State Wealth Management LLC acquired a new position in Airbnb during the 4th quarter worth approximately $25,000. Berbice Capital Management LLC purchased a new stake in Airbnb during the 4th quarter worth approximately $26,000. Graney & King LLC purchased a new stake in Airbnb during the 4th quarter worth approximately $32,000. Whipplewood Advisors LLC purchased a new stake in Airbnb during the 4th quarter worth approximately $44,000. Finally, Cromwell Holdings LLC increased its holdings in Airbnb by 82.5% during the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after purchasing an additional 170 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Trading Down 3.3%

NASDAQ:ABNB opened at $132.13 on Wednesday. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The stock has a market cap of $82.77 billion, a price-to-earnings ratio of 31.99, a PEG ratio of 3.52 and a beta of 1.14. The business has a fifty day moving average of $122.28 and a 200-day moving average of $131.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the previous year, the company posted $0.41 EPS. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ABNB shares. Benchmark dropped their price objective on Airbnb from $178.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Evercore ISI dropped their price objective on Airbnb from $165.00 to $145.00 and set an “in-line” rating on the stock in a report on Friday, May 2nd. Tigress Financial lifted their price objective on Airbnb from $195.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, March 14th. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a report on Wednesday, May 14th. Finally, JPMorgan Chase & Co. dropped their price objective on Airbnb from $160.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $141.43.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $122.84, for a total value of $26,322,769.40. Following the completion of the sale, the director now owns 1,866,300 shares in the company, valued at $229,256,292. This represents a 10.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $145.01, for a total value of $101,507.00. Following the completion of the sale, the chief technology officer now owns 173,519 shares of the company’s stock, valued at approximately $25,161,990.19. This trade represents a 0.40% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,417,246 shares of company stock valued at $176,403,797. 27.91% of the stock is currently owned by corporate insiders.

About Airbnb

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.