First Trust Direct Indexing L.P. Buys 2,516 Shares of Airbnb, Inc. (NASDAQ:ABNB)

First Trust Direct Indexing L.P. raised its stake in Airbnb, Inc. (NASDAQ:ABNB) by 69.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,162 shares of the company’s stock after acquiring an additional 2,516 shares during the quarter. First Trust Direct Indexing L.P.’s holdings in Airbnb were worth $839,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Airbnb by 43.0% in 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 in the last quarter. Northern Trust Corp lifted its holdings in Airbnb by 41.3% during the 3rd quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock valued at $598,745,000 after purchasing an additional 1,276,456 shares during the last quarter. Legal & General Group Plc boosted its position in Airbnb by 5.0% in the third quarter. Legal & General Group Plc now owns 2,568,807 shares of the company’s stock valued at $352,466,000 after buying an additional 121,651 shares in the last quarter. Alphinity Investment Management Pty Ltd grew its stake in Airbnb by 48.3% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 2,496,885 shares of the company’s stock worth $339,926,000 after buying an additional 813,074 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Airbnb by 69.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,301,395 shares of the company’s stock worth $315,774,000 after buying an additional 943,520 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 78,682 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $169.30, for a total value of $13,320,862.60. Following the completion of the sale, the chief technology officer now owns 144,331 shares in the company, valued at $24,435,238.30. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CTO Aristotle N. Balogh sold 78,682 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total value of $13,320,862.60. Following the completion of the sale, the chief technology officer now directly owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $163.00, for a total value of $97,800.00. Following the transaction, the chief technology officer now owns 144,931 shares of the company’s stock, valued at $23,623,753. The disclosure for this sale can be found here. Over the last three months, insiders sold 396,874 shares of company stock valued at $63,712,671. 27.83% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ABNB shares. Truist Financial boosted their target price on Airbnb from $118.00 to $131.00 and gave the stock a “hold” rating in a report on Thursday, March 14th. Barclays increased their target price on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Monday, January 29th. Mizuho raised Airbnb from a “neutral” rating to a “buy” rating and lifted their price target for the company from $150.00 to $200.00 in a report on Wednesday, April 24th. B. Riley Financial assumed coverage on shares of Airbnb in a report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price objective on the stock. Finally, Royal Bank of Canada boosted their target price on shares of Airbnb from $140.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average price target of $149.19.

Airbnb Stock Up 0.9 %

Shares of ABNB stock opened at $159.71 on Friday. The firm’s fifty day moving average price is $161.18 and its two-hundred day moving average price is $144.52. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 1 year low of $103.55 and a 1 year high of $170.10. The firm has a market capitalization of $103.34 billion, a P/E ratio of 22.06, a PEG ratio of 2.07 and a beta of 1.24.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. On average, equities analysts predict that Airbnb, Inc. will post 4.47 EPS for the current fiscal year.

Airbnb 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.