MUFG Securities EMEA plc Buys 9,222 Shares of Airbnb, Inc. $ABNB

MUFG Securities EMEA plc raised its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 112.3% in the fourth quarter, Holdings Channel reports. The fund owned 17,435 shares of the company’s stock after acquiring an additional 9,222 shares during the period. MUFG Securities EMEA plc’s holdings in Airbnb were worth $2,366,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in ABNB. Caxton Associates LLP bought a new position in shares of Airbnb in the first quarter valued at about $258,000. Intech Investment Management LLC raised its holdings in shares of Airbnb by 55.8% in the first quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock valued at $1,453,000 after buying an additional 4,353 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Airbnb by 18.8% in the second quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock valued at $776,000 after buying an additional 927 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Airbnb in the second quarter valued at about $411,000. Finally, NewEdge Advisors LLC raised its holdings in shares of Airbnb by 9.8% in the second quarter. NewEdge Advisors LLC now owns 54,054 shares of the company’s stock valued at $7,153,000 after buying an additional 4,811 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ABNB shares. Wells Fargo & Company lifted their price target on Airbnb from $178.00 to $181.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Susquehanna lifted their price target on Airbnb from $150.00 to $170.00 and gave the company a “positive” rating in a report on Friday, May 8th. Scotiabank started coverage on Airbnb in a report on Monday, May 4th. They issued an “outperform” rating for the company. Cantor Fitzgerald raised Airbnb from a “neutral” rating to an “overweight” rating in a report on Monday, May 4th. Finally, Barclays lifted their price target on Airbnb from $122.00 to $125.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $157.67.

Insider Transactions at Airbnb

In related news, insider Nathan Blecharczyk sold 2,739 shares of Airbnb stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $131.40, for a total value of $359,904.60. Following the completion of the sale, the insider directly owned 81,631 shares in the company, valued at $10,726,313.40. This trade represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 2,860 shares of Airbnb stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $133.44, for a total value of $381,638.40. Following the completion of the sale, the director owned 3,447,355 shares of the company’s stock, valued at approximately $460,015,051.20. The trade was a 0.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 968,723 shares of company stock valued at $130,478,651 in the last three months. Company insiders own 27.21% of the company’s stock.

Airbnb Price Performance

Shares of ABNB stock opened at $137.87 on Tuesday. The stock has a 50-day moving average price of $134.07 and a 200 day moving average price of $130.37. 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 firm has a market cap of $83.09 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 1.43 and a beta of 1.20. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $147.25.

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

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.