Altshuler Shaham Ltd Has $2.35 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Altshuler Shaham Ltd lessened its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 6.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 17,256 shares of the company’s stock after selling 1,200 shares during the quarter. Airbnb makes up approximately 0.1% of Altshuler Shaham Ltd’s portfolio, making the stock its 20th largest position. Altshuler Shaham Ltd’s holdings in Airbnb were worth $2,349,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Airbnb by 43.0% during the third 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 acquired a new position in Airbnb during the third quarter worth $235,338,000. Northern Trust Corp raised its stake in Airbnb by 41.3% during the third quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock worth $598,745,000 after acquiring an additional 1,276,456 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Airbnb by 69.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,301,395 shares of the company’s stock valued at $315,774,000 after acquiring an additional 943,520 shares during the period. Finally, Alphinity Investment Management Pty Ltd boosted its stake in shares of Airbnb by 48.3% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,496,885 shares of the company’s stock valued at $339,926,000 after purchasing an additional 813,074 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

ABNB has been the subject of several analyst reports. Wells Fargo & Company lifted their price target on shares of Airbnb from $107.00 to $127.00 and gave the company an “underweight” rating in a report on Monday, April 1st. BMO Capital Markets boosted their target price on Airbnb from $135.00 to $151.00 and gave the stock a “market perform” rating in a report on Thursday. TD Cowen dropped their price target on Airbnb from $180.00 to $170.00 and set a “buy” rating for the company in a report on Thursday. JPMorgan Chase & Co. boosted their price objective on Airbnb from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, UBS Group increased their target price on Airbnb from $143.00 to $157.00 and gave the stock a “neutral” rating in a report on Thursday. Four equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $151.91.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 75,500 shares of the firm’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 completion of the transaction, the chief technology officer now directly owns 146,131 shares of the company’s stock, valued at approximately $22,695,605.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $162.00, for a total transaction of $97,200.00. Following the sale, the chief technology officer now owns 219,904 shares in the company, valued at $35,624,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 75,500 shares of the firm’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 value of $11,725,905.00. Following the completion of the transaction, the chief technology officer now 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 three months. Corporate insiders own 27.83% of the company’s stock.

Airbnb Trading Down 6.9 %

ABNB stock traded down $10.85 during midday trading on Thursday, hitting $147.05. 14,791,206 shares of the company’s stock were exchanged, compared to its average volume of 4,584,189. The stock’s fifty day moving average price is $161.68 and its 200-day moving average price is $145.50. Airbnb, Inc. has a one year low of $103.55 and a one year high of $170.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $95.15 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 earnings per share (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 net margin of 48.32% and a return on equity of 40.96%. The firm’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.18 earnings per share. Research analysts predict that Airbnb, Inc. will post 4.47 earnings per share for the current fiscal year.

About Airbnb

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.