AIA Group Ltd Has $3.65 Million Holdings in Airbnb, Inc. (NASDAQ:ABNB)

AIA Group Ltd raised its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 47.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,120 shares of the company’s stock after purchasing an additional 7,096 shares during the period. AIA Group Ltd’s holdings in Airbnb were worth $3,649,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Joel Isaacson & Co. LLC lifted its position in Airbnb by 2.3% during the 1st quarter. Joel Isaacson & Co. LLC now owns 2,986 shares of the company’s stock valued at $493,000 after purchasing an additional 67 shares during the period. Miracle Mile Advisors LLC lifted its position in Airbnb by 0.7% during the 1st quarter. Miracle Mile Advisors LLC now owns 9,339 shares of the company’s stock valued at $1,541,000 after purchasing an additional 68 shares during the period. Cigna Investments Inc. New increased its stake in shares of Airbnb by 1.6% in the 1st quarter. Cigna Investments Inc. New now owns 4,419 shares of the company’s stock valued at $729,000 after acquiring an additional 69 shares during the last quarter. Mount Vernon Associates Inc. MD increased its stake in shares of Airbnb by 1.0% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,270 shares of the company’s stock valued at $990,000 after acquiring an additional 75 shares during the last quarter. Finally, Cambridge Trust Co. increased its stake in shares of Airbnb by 10.0% in the 4th quarter. Cambridge Trust Co. now owns 825 shares of the company’s stock valued at $112,000 after acquiring an additional 75 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Airbnb news, Director Joseph Gebbia sold 44,990 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $150.04, for a total transaction of $6,750,299.60. Following the transaction, the director now owns 46,467 shares in the company, valued at approximately $6,971,908.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO David C. Bernstein sold 6,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $147.00, for a total value of $882,000.00. Following the transaction, the chief accounting officer now owns 47,043 shares in the company, valued at $6,915,321. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 44,990 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $150.04, for a total value of $6,750,299.60. Following the completion of the transaction, the director now owns 46,467 shares in the company, valued at approximately $6,971,908.68. The disclosure for this sale can be found here. Insiders have sold 540,307 shares of company stock worth $80,338,959 in the last 90 days. Company insiders own 27.83% of the company’s stock.

Airbnb Stock Up 0.5 %

Shares of NASDAQ ABNB traded up $0.78 during trading hours on Friday, hitting $146.78. The company had a trading volume of 2,923,060 shares, compared to its average volume of 4,372,526. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $94.53 billion, a P/E ratio of 19.65, a price-to-earnings-growth ratio of 1.88 and a beta of 1.18. The firm’s 50 day moving average is $148.64 and its 200-day moving average is $151.43. Airbnb, Inc. has a 1-year low of $113.24 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.18. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 EPS. On average, analysts expect that Airbnb, Inc. will post 4.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ABNB shares. JPMorgan Chase & Co. upped their price target on Airbnb from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Thursday, May 9th. Tigress Financial upped their price target on Airbnb from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Bank of America upped their price target on Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Mizuho raised Airbnb from a “neutral” rating to a “buy” rating and upped their price target for the company from $150.00 to $200.00 in a research note on Wednesday, April 24th. Finally, BMO Capital Markets upped their price target on Airbnb from $135.00 to $151.00 and gave the company a “market perform” rating in a research note on Thursday, May 9th. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Airbnb presently has a consensus rating of “Hold” and a consensus price target of $152.44.

About Airbnb

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.