Siemens Fonds Invest GmbH Buys 283 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Siemens Fonds Invest GmbH raised its position in shares of Airbnb, Inc. (NASDAQ:ABNBGet Rating) by 7.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,158 shares of the company’s stock after purchasing an additional 283 shares during the period. Siemens Fonds Invest GmbH’s holdings in Airbnb were worth $714,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Jennison Associates LLC lifted its holdings in shares of Airbnb by 6.9% during the first quarter. Jennison Associates LLC now owns 15,345,417 shares of the company’s stock valued at $2,635,729,000 after purchasing an additional 996,378 shares during the last quarter. Polen Capital Management LLC lifted its stake in Airbnb by 30.5% in the first quarter. Polen Capital Management LLC now owns 12,953,525 shares of the company’s stock worth $2,224,897,000 after purchasing an additional 3,029,742 shares during the last quarter. Capital Research Global Investors increased its position in shares of Airbnb by 20.8% during the fourth quarter. Capital Research Global Investors now owns 11,210,133 shares of the company’s stock worth $1,866,387,000 after acquiring an additional 1,926,816 shares during the period. BlackRock Inc. increased its holdings in Airbnb by 17.7% during the fourth quarter. BlackRock Inc. now owns 8,587,605 shares of the company’s stock valued at $1,429,753,000 after buying an additional 1,292,367 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Airbnb by 29.3% during the fourth quarter. Renaissance Technologies LLC now owns 3,587,938 shares of the company’s stock valued at $597,356,000 after buying an additional 813,738 shares during the period. Hedge funds and other institutional investors own 39.45% of the company’s stock.

Airbnb Trading Up 4.1 %

NASDAQ ABNB opened at $123.48 on Friday. The company’s fifty day simple moving average is $110.06 and its 200-day simple moving average is $128.05. Airbnb, Inc. has a 52 week low of $86.71 and a 52 week high of $212.58. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.38. The stock has a market cap of $80.10 billion, a P/E ratio of 67.48 and a beta of 1.14.

Airbnb (NASDAQ:ABNBGet Rating) last posted its earnings results on Tuesday, August 2nd. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. Airbnb had a net margin of 16.91% and a return on equity of 26.03%. During the same quarter in the previous year, the company earned ($0.11) EPS. Equities research analysts predict that Airbnb, Inc. will post 2.25 EPS for the current fiscal year.

Insider Activity at Airbnb

In related news, insider Joseph Gebbia sold 250,000 shares of the company’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of $100.28, for a total value of $25,070,000.00. Following the sale, the insider now directly owns 3,438,742 shares of the company’s stock, valued at $344,837,047.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Airbnb news, Director Belinda J. Johnson sold 1,000 shares of the business’s stock in a transaction on Thursday, June 16th. The shares were sold at an average price of $96.39, for a total transaction of $96,390.00. Following the completion of the sale, the director now owns 5,920 shares in the company, valued at $570,628.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Joseph Gebbia sold 250,000 shares of the business’s stock in a transaction on Monday, June 13th. The shares were sold at an average price of $100.28, for a total transaction of $25,070,000.00. Following the sale, the insider now owns 3,438,742 shares of the company’s stock, valued at approximately $344,837,047.76. The disclosure for this sale can be found here. Insiders have sold 827,700 shares of company stock valued at $88,666,140 over the last ninety days. Corporate insiders own 32.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on ABNB shares. Morgan Stanley lifted their price objective on shares of Airbnb from $100.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 23rd. Citigroup cut their target price on shares of Airbnb from $160.00 to $140.00 and set a “buy” rating for the company in a research note on Wednesday, August 3rd. Credit Suisse Group cut their target price on shares of Airbnb from $190.00 to $165.00 and set a “neutral” rating for the company in a research note on Wednesday, August 3rd. Susquehanna Bancshares dropped their price objective on shares of Airbnb from $190.00 to $150.00 and set a “positive” rating for the company in a research note on Wednesday, August 3rd. Finally, Royal Bank of Canada decreased their target price on shares of Airbnb from $175.00 to $115.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $159.15.

Airbnb Company Profile

(Get Rating)

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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