Axa SA acquires 23,179 shares of Airbnb, Inc. (NASDAQ:ABNB)

Axa SA increased its holdings in Airbnb, Inc. (NASDAQ:ABNB – Free Report) by 33.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,467 shares of the company’s stock after buying an additional 23,179 shares during the quarter. Axa SA’s holdings in Airbnb were worth $14,172,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Focus Financial Network Inc. ADV purchased a new position in shares of Airbnb during the fourth quarter valued at approximately $218,000. Catalytic Wealth RIA LLC bought a new position in Airbnb in the 4th quarter valued at about $208,000. Draper Asset Management LLC boosted its holdings in Airbnb by 49.8% during the 4th quarter. Draper Asset Management LLC now owns 5,379 shares of the company’s stock worth $732,000 after buying an additional 1,789 shares during the last quarter . Edgewood Management LLC boosted its position in Airbnb by 20.8% in the 4th quarter. Edgewood Management LLC now owns 12,417,777 shares of the company’s stock valued at $1,690,556,000 after buying an additional 2,135,529 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in shares of Airbnb by 4.5% during the fourth quarter. California State Teachers Retirement System now owns 689,770 shares of the company’s stock worth $93,905,000 after acquiring an additional 29,615 shares in the last quarter. Institutional investors own 80.76% of the company’s shares.

Changes in Analyst Ratings

Several equities analysts recently issued reports on ABNB shares. Mizuho cut their price target on Airbnb from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, September 13th. Royal Bank of Canada cut their price target on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Wells Fargo & Company decreased their price target on shares of Airbnb from $129.00 to $100.00 and set an “underweight” rating for the company in a research note on Wednesday, August 7th. B. Riley reduced their price objective on shares of Airbnb from $150.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Finally, Piper Sandler decreased their price target on shares of Airbnb from $155.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company. Airbnb has a consensus rating of “Hold” and an average price target of $134.16, according to MarketBeat.

Read our latest research report on ABNB

Airbnb Stock Performance

ABNB opened at $128.25 on Friday. The company has a market cap of $82.60 billion, a price-to-earnings ratio of 17.17, a P/E/G ratio of 1.72 and a beta of 1.16. The company’s 50-day moving average price is $123.75, and its two-hundred-day moving average price is $143.58. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41, and a quick ratio of 1.41.

Airbnb (NASDAQ:ABNB – Get Your Free Report ) last announced its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same period in the previous year, the business posted EPS of $0.98. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities analysts expect that Airbnb, Inc. to post 4.39 EPS for the current fiscal year.

Insider transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $151.29, for a total value of $90,774.00. Following the completion of the transaction, the chief technology officer now owns 208,774 shares of the company’s stock, valued at $31,585,418.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC’s website. In related news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $151.29, for a total transaction of $90,774.00. Following the completion of the transaction, the chief technology officer now directly owns 208,774 shares of the company’s stock, valued at $31,585,418.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. Also, CFO Elinor Mertz sold 6,250 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $750,000.00. Following the transaction, the chief financial officer now directly owns 537,072 shares in the company, valued at approximately $64,448,640. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold a total of 552,989 shares of company stock worth $75,824,030. 27.83% of shares are owned by corporate insiders.

Airbnb profile

(Free Report)

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests around the world. The company’s marketplace connects hosts and guests online or via mobile devices to book spaces and experiences. It mainly offers private rooms, main houses and holiday houses.

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