AXS Investments LLC Acquires 190 Shares of Airbnb, Inc. (NASDAQ:ABNB)

AXS Investments LLC grew its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,896 shares of the company’s stock after buying an additional 190 shares during the quarter. AXS Investments LLC’s holdings in Airbnb were worth $1,211,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ABNB. Vanguard Group Inc. lifted its holdings in shares of Airbnb by 43.0% during the 3rd quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock valued at $4,697,896,000 after purchasing an additional 10,301,746 shares during the last quarter. Norges Bank purchased a new position in Airbnb in the 4th quarter worth $619,584,000. J.P. Morgan Private Wealth Advisors LLC purchased a new position in Airbnb in the 3rd quarter worth $235,338,000. Northern Trust Corp raised its stake in Airbnb by 41.3% in the 3rd 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 during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake 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. Institutional investors own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In other news, CFO Elinor Mertz sold 9,196 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $156.76, for a total transaction of $1,441,564.96. Following the completion of the transaction, the chief financial officer now directly owns 535,530 shares of the company’s stock, valued at approximately $83,949,682.80. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Airbnb news, CTO Aristotle N. Balogh sold 78,682 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the completion of the sale, the chief technology officer now owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Elinor Mertz sold 9,196 shares of the stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $156.76, for a total transaction of $1,441,564.96. Following the completion of the sale, the chief financial officer now directly owns 535,530 shares of the company’s stock, valued at approximately $83,949,682.80. The disclosure for this sale can be found here. Insiders sold a total of 313,324 shares of company stock valued at $51,386,281 in the last ninety days. Corporate insiders own 27.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. HSBC lowered Airbnb from a “buy” rating to a “hold” rating and reduced their target price for the stock from $160.00 to $156.00 in a research note on Thursday, May 9th. JPMorgan Chase & Co. increased their price target on Airbnb from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Thursday, May 9th. Mizuho raised Airbnb from a “neutral” rating to a “buy” rating and increased their price target for the stock from $150.00 to $200.00 in a research report on Wednesday, April 24th. B. Riley Financial started coverage on Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price target on the stock. Finally, TD Cowen cut their price target on Airbnb from $180.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Four equities research 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. Based on data from MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and a consensus price target of $152.13.

Airbnb Price Performance

Airbnb stock traded up $3.71 during mid-day trading on Friday, reaching $144.75. The company had a trading volume of 2,935,094 shares, compared to its average volume of 4,546,999. Airbnb, Inc. has a 1 year low of $103.74 and a 1 year high of $170.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market capitalization of $93.22 billion, a P/E ratio of 19.35, a P/E/G ratio of 1.76 and a beta of 1.24. The stock’s 50-day simple moving average is $157.97 and its 200-day simple moving average is $147.40.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.18. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period last year, the company posted $0.18 earnings per share. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. On average, equities analysts predict that Airbnb, Inc. will post 4.67 EPS for the current year.

Airbnb Company Profile

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.