Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Commerzbank Aktiengesellschaft FI

by · The Cerbat Gem

Commerzbank Aktiengesellschaft FI increased its stake in Airbnb, Inc. (NASDAQ:ABNB – Free Report) by 30.7% during the 1st quarter, Holdings Channel.com reports. The fund owned 5,601 shares of the company’s stock after buying an additional 1,316 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Airbnb were worth $670,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Kingsview Wealth Management LLC boosted its position in shares of Airbnb by 3.1% in the first quarter. Kingsview Wealth Management LLC now owns 3,942 shares of the company’s stock worth $471,000 after buying an additional 117 shares during the period. Graypoint LLC boosted its holdings in Airbnb by 8.9% in the first quarter. Graypoint LLC now owns 4,849 shares of the company’s stock worth $579,000 after purchasing an additional 395 shares during the period. Dynasty Wealth Management LLC raised its stake in Airbnb by 1.8% during the first quarter. Dynasty Wealth Management LLC now owns 15,697 shares of the company’s stock worth $1,875,000 after acquiring an additional 276 shares during the period. Verdence Capital Advisors LLC grew its holdings in shares of Airbnb by 131.3% during the first quarter. Verdence Capital Advisors LLC now owns 8,354 shares of the company’s stock valued at $998,000 after purchasing an additional 4,743 shares during the last quarter. Finally, LMG Wealth Partners LLC grew its stake in Airbnb by 2.2% during the 1st quarter. LMG Wealth Partners LLC now owns 20,507 shares of the company’s stock worth $2,450,000 after buying an additional 449 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Price Performance

Shares of ABNB opened at $139.30 on Friday. The company’s 50-day moving average is $134.10 and its 200-day moving average is $130.74. The firm has a market capitalization of $87.26 billion, a PE ratio of 35.18, a PEG ratio of 2.56 and a beta of 1.13. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93.

Airbnb (NASDAQ:ABNB – Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Airbnb had a net margin of 22.60% and a return on equity of 30.91%. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the previous year, the firm posted $0.41 EPS. The company’s revenue was up 7.4% compared to the same quarter last year. Analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insider Activity at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $135.86, for a total transaction of $849,125.00. Following the sale, the chief financial officer directly owned 461,361 shares in the company, valued at $62,680,505.46. This represents a 1.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Joseph Gebbia sold 236,000 shares of the business’s stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $136.40, for a total value of $32,190,400.00. Following the transaction, the director directly owned 708,015 shares of the company’s stock, valued at approximately $96,573,246. The trade was a 25.00% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,629,043 shares of company stock worth $210,678,753. Company insiders own 27.91% of the company’s stock.

Wall Street Analyst Weigh In

ABNB has been the topic of a number of recent analyst reports. Evercore ISI cut their price objective on shares of Airbnb from $165.00 to $145.00 and set an “in-line” rating on the stock in a research note on Friday, May 2nd. Morgan Stanley increased their price objective on Airbnb from $125.00 to $130.00 and gave the company an “underweight” rating in a research report on Thursday, April 17th. Royal Bank Of Canada decreased their target price on shares of Airbnb from $160.00 to $140.00 and set a “sector perform” rating for the company in a report on Friday, May 2nd. Barclays increased their price target on shares of Airbnb from $103.00 to $104.00 and gave the stock an “underweight” rating in a research report on Wednesday. Finally, JMP Securities restated a “market perform” rating on shares of Airbnb in a research note on Friday, May 2nd. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Airbnb currently has a consensus rating of “Hold” and a consensus target price of $141.50.

Check Out 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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