Longitude Cayman Ltd. Purchases 3,000 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Longitude Cayman Ltd. raised its holdings in shares of Airbnb, Inc. (NASDAQ:ABNBFree Report) by 23.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,000 shares of the company’s stock after acquiring an additional 3,000 shares during the period. Airbnb comprises approximately 1.3% of Longitude Cayman Ltd.’s portfolio, making the stock its 23rd biggest holding. Longitude Cayman Ltd.’s holdings in Airbnb were worth $2,178,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in ABNB. Vanguard Group Inc. increased its stake in Airbnb by 43.0% in the 3rd quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock worth $4,697,896,000 after purchasing an additional 10,301,746 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new stake in Airbnb during the 3rd quarter valued at $235,338,000. Northern Trust Corp boosted its position in Airbnb by 41.3% during the 3rd quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock valued at $598,745,000 after buying an additional 1,276,456 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Airbnb by 69.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,301,395 shares of the company’s stock worth $315,774,000 after acquiring an additional 943,520 shares during the last quarter. Finally, Alphinity Investment Management Pty Ltd increased its position in shares of Airbnb by 48.3% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 2,496,885 shares of the company’s stock valued at $339,926,000 after acquiring an additional 813,074 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. UBS Group increased their target price on shares of Airbnb from $143.00 to $157.00 and gave the stock a “neutral” rating in a report on Thursday, May 9th. Barclays lifted their price objective on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Monday, January 29th. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a report on Thursday, May 9th. Truist Financial lifted their price target on shares of Airbnb from $118.00 to $131.00 and gave the company a “hold” rating in a report on Thursday, March 14th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Airbnb from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Thursday, May 9th. Four analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $152.13.

Read Our Latest Report on ABNB

Airbnb Stock Down 1.0 %

Shares of Airbnb stock traded down $1.53 on Friday, reaching $145.66. The company’s stock had a trading volume of 3,279,035 shares, compared to its average volume of 4,544,473. The company has a market capitalization of $93.81 billion, a price-to-earnings ratio of 19.50, a P/E/G ratio of 1.81 and a beta of 1.24. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.25. Airbnb, Inc. has a 52 week low of $103.74 and a 52 week high of $170.10. The firm’s fifty day simple moving average is $159.70 and its two-hundred day simple moving average is $146.72.

Airbnb (NASDAQ:ABNBGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.23 by $0.18. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.06 billion. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. Airbnb’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period last year, the company earned $0.18 EPS. Equities analysts anticipate that Airbnb, Inc. will post 4.67 earnings per share for the current year.

Insider Activity at Airbnb

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

Airbnb Company 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.

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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