Praxis Investment Management Inc. Makes New $1.47 Million Investment in Airbnb, Inc. $ABNB

Praxis Investment Management Inc. purchased a new position in shares of Airbnb, Inc. (NASDAQ:ABNBFree Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 10,831 shares of the company’s stock, valued at approximately $1,470,000.

Several other institutional investors also recently added to or reduced their stakes in ABNB. Harris Associates L P increased its position in Airbnb by 43.2% during the second quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock worth $1,884,168,000 after buying an additional 4,292,383 shares during the period. Independent Franchise Partners LLP acquired a new position in Airbnb during the third quarter worth approximately $505,672,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Airbnb by 453.5% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock worth $403,782,000 after buying an additional 2,724,682 shares during the period. AQR Capital Management LLC increased its position in Airbnb by 58.6% during the third quarter. AQR Capital Management LLC now owns 4,269,937 shares of the company’s stock worth $518,456,000 after buying an additional 1,577,338 shares during the period. Finally, Van ECK Associates Corp increased its position in Airbnb by 6,623.8% during the third quarter. Van ECK Associates Corp now owns 1,394,109 shares of the company’s stock worth $169,273,000 after buying an additional 1,373,375 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Price Performance

Shares of ABNB stock opened at $139.88 on Thursday. The business’s fifty day moving average price is $133.12 and its 200 day moving average price is $129.19. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $147.25. The firm has a market capitalization of $85.15 billion, a PE ratio of 34.62, a P/E/G ratio of 1.70 and a beta of 1.20.

Airbnb (NASDAQ:ABNBGet Free Report) last posted its earnings results on Thursday, February 12th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). The firm had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Airbnb had a return on equity of 30.88% and a net margin of 20.51%.The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 earnings per share. Equities research analysts expect that Airbnb, Inc. will post 4.95 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Airbnb news, insider Nathan Blecharczyk sold 24,788 shares of the business’s stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $145.86, for a total transaction of $3,615,577.68. Following the sale, the insider directly owned 11,920 shares in the company, valued at approximately $1,738,651.20. The trade was a 67.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph Gebbia sold 58,000 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $140.37, for a total value of $8,141,460.00. Following the sale, the director owned 54,015 shares in the company, valued at approximately $7,582,085.55. The trade was a 51.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 457,075 shares of company stock worth $60,358,795. 27.21% of the stock is owned by corporate insiders.

Trending Headlines about Airbnb

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Wall Street Analyst Weigh In

ABNB has been the topic of several research analyst reports. Barclays lifted their price target on Airbnb from $120.00 to $122.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Truist Financial raised Airbnb from a “sell” rating to a “hold” rating and boosted their target price for the company from $107.00 to $129.00 in a report on Thursday, March 26th. UBS Group boosted their target price on Airbnb from $149.00 to $153.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Oppenheimer raised Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 target price on the stock in a report on Monday. Finally, Wedbush raised Airbnb from a “neutral” rating to a “neutral” rating in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $153.00.

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About Airbnb

(Free Report)

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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