Coastal Investment Advisors Inc. reduce its stake in Airbnb, Inc. (NASDAQ: ABNB – Get Rating) by 11.0% in the first quarter, according to its latest disclosure to the Securities and Exchange Commission (SEC). The institutional investor owned 1,377 shares of the company’s shares after selling 170 shares in the quarter. The holdings of Coastal Investment Advisors Inc. at Airbnb were worth $ 237,000 at the time of its last filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently bought and sold shares in the company. Capital Research Global Investors increased its stake in Airbnb by 20.8% in the fourth quarter. Capital Research Global Investors already owns 11,210,133 shares of the company’s shares worth $ 1,866,387,000 after buying an additional 1,926,816 shares in the last quarter. First Republic Investment Management Inc. increased its stake in Airbnb by 339.9% in the fourth quarter. First Republic Investment Management Inc. now owns 1,870,367 shares of the company’s stock worth $ 311,397,000 after buying an additional 1,445,174 shares in the last quarter. BlackRock Inc. increased its stake in Airbnb by 17.7% in the fourth quarter. BlackRock Inc. already owns 8,587,605 shares of the company’s shares worth $ 1,429,753,000 after buying an additional 1,292,367 shares in the last quarter. State Street Corp. increased its stakes in Airbnb by 55.8% in the fourth quarter. State Street Corp. now owns 3,183,778 shares of the company’s stock worth $ 530,067,000 after buying an additional 1,139,981 shares in the last quarter. Finally, Castleview Partners LLC acquired a new position in Airbnb in the fourth quarter worth approximately $ 5,063,000. 34.66% of the shares are owned by institutional investors and hedge funds.
In other news, technical director Aristotle N. Balog sold 1,000 shares of the business in a deal on Tuesday, March 29th. The shares were sold at an average price of $ 174.00, for a total transaction of $ 174,000.00. The transaction is disclosed in a document submitted to the Securities and Exchange Commission, which you can access through this hyperlink. Also, technical director Aristotle N. Balog sold 5,500 shares of the company’s shares in a deal on Friday, April 1. The shares were sold at an average price of $ 173.23, for a total value of $ 952,765.00. Following the deal, the chief technology officer now owns 284,968 shares of the company’s stock worth $ 49,365,006.64. The disclosure for this sale can be found here. Insiders have sold a total of 668,934 shares of the company’s stock worth $ 91,901,320 in the past 90 days. Corporate insiders own 32.69% of the company’s shares.
Shares of NASDAQ: ABNB opened at $ 103.51 on Friday. Airbnb, Inc. has a twelve-month low of $ 92.09 and a twelve-month high of $ 212.58. The company has a market capitalization of $ 66.54 billion, a PE ratio of 89.23 and a beta of 0.32. The company has a debt to equity ratio of 0.42, a fast ratio of 1.61 and a current ratio of 1.61. The business has a 50-day moving average of $ 124.59 and a 200-day moving average of $ 149.09.
Airbnb (NASDAQ: ABNB – Get Rating) last announced its earnings results on Tuesday, May 3rd. The company reported earnings per share ($ 0.03) for the quarter, beating analysts’ consensus estimates of ($ 0.28) by $ 0.25. Airbnb had a return on equity of 18.51% and a net profit of 12.12%. The company had revenue of $ 1.51 billion in the quarter, compared to analysts’ estimates of $ 1.45 billion. During the same period last year, the company reported ($ 1.75) earnings per share. The company’s quarterly revenues increased by 70.1% compared to the same quarter last year. On average, analysts expect Airbnb, Inc. will report 1.89 EPS for the current fiscal year.
Several stock analysts commented on ABNB’s shares. Tigress Financial raised its target price on Airbnb from $ 206.00 to $ 214.00 and gave the company a “buy” rating in a report on Wednesday, March 2. UBS Group increased its target price for Airbnb from $ 178.00 to $ 185.00 in a report on Wednesday, May 4. Wolfe Research lowered its Airbnb price target from $ 130.00 to $ 110.00 and rated its shares on “equivalent performance” in a report on Wednesday (June 15th). Susquehanna Bancshares lowered its target for Airbnb stock prices from $ 235.00 to $ 190.00 in a research note on Thursday, May 5th. Finally, HSBC lowered its Airbnb share price target from $ 233.00 to $ 213.00 in a research note on Wednesday, May 4th. One investment analyst rated the shares with a sell rating, sixteen assigned a hold rating and fourteen rated the buy rating. According to MarketBeat.com, Airbnb currently has an average retention rating and an average target price of $ 190.13.
Airbnb profile (Get a rating)
Airbnb, Inc., together with its subsidiaries, operates a platform that allows hosts to offer stays and experiences to guests around the world. The company’s market model connects hosts and guests online or via mobile devices to book places and experiences. It offers mostly private rooms, primary homes or holiday homes.
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