Principal Securities Inc. Invests $504,000 in Airbnb, Inc. (NASDAQ:ABNB)

Principal Securities Inc. acquired a new stake in Airbnb, Inc. (NASDAQ:ABNBFree Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,698 shares of the company’s stock, valued at approximately $504,000.

A number of other large investors have also recently bought and sold shares of ABNB. Allspring Global Investments Holdings LLC raised its position in shares of Airbnb by 198.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 55,947 shares of the company’s stock valued at $7,676,000 after purchasing an additional 37,217 shares during the period. Fifth Third Bancorp raised its holdings in Airbnb by 1,844.6% in the 3rd quarter. Fifth Third Bancorp now owns 3,053 shares of the company’s stock worth $419,000 after acquiring an additional 2,896 shares during the period. Allworth Financial LP lifted its position in Airbnb by 9.9% during the 3rd quarter. Allworth Financial LP now owns 2,315 shares of the company’s stock worth $318,000 after acquiring an additional 209 shares during the last quarter. CTC Alternative Strategies Ltd. bought a new stake in Airbnb during the third quarter valued at about $1,180,000. Finally, Teacher Retirement System of Texas grew its position in shares of Airbnb by 2.2% in the third quarter. Teacher Retirement System of Texas now owns 31,957 shares of the company’s stock valued at $4,385,000 after purchasing an additional 699 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ABNB shares. Piper Sandler Companies boosted their price objective on Airbnb from $145.00 to $155.00 and gave the stock a “neutral” rating in a research report on Thursday, May 9th. Truist Financial upped their price target on Airbnb from $118.00 to $131.00 and gave the stock a “hold” rating in a report on Thursday, March 14th. DA Davidson restated a “neutral” rating and issued a $145.00 price objective on shares of Airbnb in a research note on Thursday, May 9th. Citigroup dropped their target price on shares of Airbnb from $170.00 to $167.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a report on Thursday, May 9th. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $152.13.

Read Our Latest Research Report on ABNB

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $146.70 on Wednesday. The business has a fifty day moving average of $160.77 and a 200-day moving average of $146.52. The firm has a market cap of $94.93 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 1.81 and a beta of 1.24. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.44. Airbnb, Inc. has a twelve month low of $103.55 and a twelve month high of $170.10.

Airbnb (NASDAQ:ABNBGet Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.18. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter last year, the company posted $0.18 EPS. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. On average, equities research analysts predict that Airbnb, Inc. will post 4.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 75,500 shares of Airbnb stock in a transaction on Thursday, February 29th. The stock was sold at an average price of $155.31, for a total value of $11,725,905.00. Following the completion of the sale, the chief technology officer now directly owns 146,131 shares of the company’s stock, valued at approximately $22,695,605.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CTO Aristotle N. Balogh sold 75,500 shares of the firm’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $155.31, for a total value of $11,725,905.00. Following the transaction, the chief technology officer now owns 146,131 shares of the company’s stock, valued at approximately $22,695,605.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Chesky sold 76,912 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $147.79, for a total transaction of $11,366,824.48. Following the sale, the chief executive officer now directly owns 14,545,529 shares of the company’s stock, valued at $2,149,683,730.91. The disclosure for this sale can be found here. In the last quarter, insiders have sold 397,474 shares of company stock valued at $63,809,871. 27.83% of the stock is currently owned by corporate insiders.

Airbnb Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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