Airbnb, Inc. (NASDAQ:ABNB) Stock Holdings Increased by Yarbrough Capital LLC

Yarbrough Capital LLC lifted its stake in Airbnb, Inc. (NASDAQ:ABNBGet Rating) by 9.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,197 shares of the company’s stock after purchasing an additional 464 shares during the quarter. Yarbrough Capital LLC’s holdings in Airbnb were worth $893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of ABNB. Baldwin Brothers LLC MA purchased a new stake in shares of Airbnb in the fourth quarter worth approximately $25,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in shares of Airbnb in the fourth quarter worth approximately $25,000. City State Bank bought a new position in Airbnb during the fourth quarter valued at approximately $25,000. Core Wealth Advisors Inc. bought a new position in Airbnb during the fourth quarter valued at approximately $26,000. Finally, Itau Unibanco Holding S.A. bought a new position in Airbnb during the fourth quarter valued at approximately $28,000. 34.66% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently weighed in on ABNB. UBS Group raised their price objective on shares of Airbnb from $178.00 to $185.00 in a research report on Wednesday, May 4th. Truist Financial cut their price objective on shares of Airbnb from $190.00 to $160.00 and set a “hold” rating on the stock in a research report on Friday, June 3rd. Citigroup raised shares of Airbnb from a “neutral” rating to a “buy” rating and cut their price objective for the company from $214.00 to $200.00 in a research report on Wednesday, April 20th. KeyCorp cut their price objective on shares of Airbnb from $210.00 to $195.00 in a research report on Tuesday, May 3rd. Finally, Robert W. Baird reissued an “outperform” rating and issued a $210.00 price target on shares of Airbnb in a research report on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $190.13.

In related news, insider Joseph Gebbia sold 15,523 shares of Airbnb stock in a transaction dated Monday, March 28th. The stock was sold at an average price of $165.87, for a total value of $2,574,800.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Belinda J. Johnson sold 1,000 shares of Airbnb stock in a transaction dated Thursday, June 16th. The shares were sold at an average price of $96.39, for a total value of $96,390.00. Following the completion of the transaction, the director now directly owns 5,920 shares of the company’s stock, valued at $570,628.80. The disclosure for this sale can be found here. Insiders sold 668,934 shares of company stock valued at $91,901,320 over the last ninety days. 32.69% of the stock is currently owned by company insiders.

Shares of NASDAQ:ABNB traded down $2.34 on Thursday, hitting $97.19. The stock had a trading volume of 126,463 shares, compared to its average volume of 5,939,283. Airbnb, Inc. has a twelve month low of $92.09 and a twelve month high of $212.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.61 and a current ratio of 1.61. The firm’s 50 day moving average price is $127.43 and its 200-day moving average price is $150.50. The company has a market capitalization of $62.48 billion, a price-to-earnings ratio of 83.79 and a beta of 0.32.

Airbnb (NASDAQ:ABNBGet Rating) last issued its earnings results on Tuesday, May 3rd. The company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.25. Airbnb had a net margin of 12.12% and a return on equity of 18.51%. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the company earned ($1.75) EPS. The firm’s revenue for the quarter was up 70.1% compared to the same quarter last year. As a group, sell-side analysts predict that Airbnb, Inc. will post 1.89 EPS for the current year.

About Airbnb (Get Rating)

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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