Andra AP fonden Has $23.67 Million Position in Airbnb, Inc. $ABNB

Andra AP fonden boosted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 63.7% during the second quarter, Holdings Channel.com reports. The fund owned 165,430 shares of the company’s stock after acquiring an additional 64,400 shares during the period. Andra AP fonden’s holdings in Airbnb were worth $23,673,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. grew its holdings in shares of Airbnb by 96.3% during the 1st quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock worth $27,000 after purchasing an additional 105 shares in the last quarter. Nalls Sherbakoff Group LLC acquired a new position in Airbnb in the fourth quarter valued at about $31,000. KERR FINANCIAL PLANNING Corp acquired a new position in Airbnb in the fourth quarter valued at about $31,000. Main Street Group LTD bought a new stake in Airbnb during the first quarter worth about $29,000. Finally, Western Wealth Management LLC bought a new stake in Airbnb during the first quarter worth about $34,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ABNB shares. Evercore set a $200.00 target price on shares of Airbnb in a report on Monday, August 24th. Raymond James Financial raised shares of Airbnb from a “market perform” rating to an “outperform” rating and set a $200.00 price target for the company in a report on Tuesday, September 8th. BMO Capital Markets lifted their price objective on shares of Airbnb from $146.00 to $165.00 and gave the company a “market perform” rating in a research note on Monday, August 10th. Royal Bank Of Canada reissued an “outperform” rating and issued a $195.00 price objective on shares of Airbnb in a research note on Monday. Finally, TD Cowen upgraded Airbnb to a “strong-buy” rating in a research note on Monday, September 14th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $182.71.

Insider Transactions at Airbnb

In related news, CEO Brian Chesky sold 200,000 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $174.79, for a total transaction of $34,958,000.00. Following the sale, the chief executive officer owned 10,501,685 shares of the company’s stock, valued at $1,835,589,521.15. This trade represents a 1.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Joseph Gebbia Jr. sold 294,903 shares of the business’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $148.43, for a total value of $43,772,452.29. Following the sale, the director owned 2,622,452 shares in the company, valued at $389,250,550.36. This represents a 10.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 2,008,050 shares of company stock worth $336,626,970. Corporate insiders own 27.21% of the company’s stock.

Airbnb Price Performance

Shares of ABNB stock traded down $3.61 on Tuesday, reaching $163.23. The company had a trading volume of 1,279,953 shares, compared to its average volume of 4,264,390. The business’s 50-day moving average is $168.08 and its 200 day moving average is $147.28. Airbnb, Inc. has a one year low of $110.81 and a one year high of $193.45. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $97.74 billion, a PE ratio of 37.13, a price-to-earnings-growth ratio of 1.90 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.11. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The business had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.58 billion. During the same period in the prior year, the company earned $1.03 EPS. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. Equities research analysts forecast that Airbnb, Inc. will post 5.28 EPS for the current fiscal year.

Airbnb Company Profile

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel activities with hosts and other service providers. Through its platform and mobile applications, users can search for, book and review a broad range of lodging options, including private homes, apartments, rooms and other distinctive properties.

The company also offers Airbnb Experiences, which enables guests to discover and book activities hosted by local experts. In addition, Airbnb has expanded into related travel services, including services designed to support hosts and help them manage listings, reservations and guest relationships.

Founded in 2008 by Brian Chesky, Joe Gebbia and Nathan Blecharczyk, Airbnb serves travelers and hosts across a broad international market, with listings and activities available in destinations around the world.