Versor Investments LP Acquires Shares of 2,629 Airbnb, Inc. $ABNB

by · The Cerbat Gem

Versor Investments LP acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,629 shares of the company’s stock, valued at approximately $348,000.

Several other large investors have also recently added to or reduced their stakes in ABNB. Concurrent Investment Advisors LLC increased its stake in Airbnb by 18.6% in the 1st quarter. Concurrent Investment Advisors LLC now owns 6,626 shares of the company’s stock valued at $792,000 after buying an additional 1,041 shares during the period. Envestnet Asset Management Inc. increased its stake in Airbnb by 4.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 1,013,814 shares of the company’s stock valued at $121,110,000 after buying an additional 45,586 shares during the period. U.S. Capital Wealth Advisors LLC increased its stake in Airbnb by 8.9% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 10,099 shares of the company’s stock valued at $1,206,000 after buying an additional 828 shares during the period. Crossmark Global Holdings Inc. grew its position in Airbnb by 2.0% in the first quarter. Crossmark Global Holdings Inc. now owns 17,860 shares of the company’s stock worth $2,134,000 after acquiring an additional 350 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its position in Airbnb by 37.7% in the first quarter. DekaBank Deutsche Girozentrale now owns 166,937 shares of the company’s stock worth $19,740,000 after acquiring an additional 45,682 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Trading Up 0.1%

NASDAQ ABNB opened at $122.50 on Thursday. The company has a fifty day simple moving average of $124.28 and a 200 day simple moving average of $128.69. The company has a market cap of $76.13 billion, a P/E ratio of 29.66, a P/E/G ratio of 2.23 and a beta of 1.11. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93.

Airbnb (NASDAQ:ABNB – Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. Airbnb’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.86 EPS. Equities research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction on Monday, October 27th. The shares were sold at an average price of $128.47, for a total value of $30,318,920.00. Following the completion of the sale, the director directly owned 468,015 shares of the company’s stock, valued at $60,125,887.05. This represents a 33.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Elinor Mertz sold 7,500 shares of the stock in a transaction on Tuesday, October 28th. The shares were sold at an average price of $130.00, for a total transaction of $975,000.00. Following the completion of the sale, the chief financial officer directly owned 436,570 shares of the company’s stock, valued at approximately $56,754,100. This trade represents a 1.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,446,760 shares of company stock valued at $179,726,429. Company insiders own 27.91% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on ABNB. Zacks Research raised shares of Airbnb to a “hold” rating in a research report on Tuesday, August 12th. Morgan Stanley decreased their target price on shares of Airbnb from $130.00 to $120.00 and set an “underweight” rating for the company in a research report on Thursday, August 7th. BMO Capital Markets set a $124.00 target price on shares of Airbnb and gave the stock a “market perform” rating in a research report on Thursday, August 7th. Citizens Jmp raised shares of Airbnb to a “hold” rating in a research report on Monday, August 11th. Finally, KeyCorp began coverage on shares of Airbnb in a research report on Thursday, October 23rd. They issued a “sector weight” rating for the company. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $141.70.

Read Our Latest Analysis on ABNB

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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