Aptus Capital Advisors LLC bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB – Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,701 shares of the company’s stock, valued at approximately $233,000.
Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank purchased a new position in Airbnb during the 4th quarter worth approximately $332,438,000. Portside Wealth Group LLC purchased a new position in Airbnb during the 2nd quarter worth approximately $252,150,000. J.P. Morgan Private Wealth Advisors LLC purchased a new position in Airbnb during the 3rd quarter worth approximately $235,338,000. Capital Research Global Investors grew its stake in Airbnb by 7.2% during the 2nd quarter. Capital Research Global Investors now owns 16,417,581 shares of the company’s stock worth $2,104,044,000 after buying an additional 1,103,413 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in Airbnb during the 1st quarter worth approximately $173,967,000. Institutional investors and hedge funds own 44.19% of the company’s stock.
Insider Activity at Airbnb
In related news, Director Jeffrey D. Jordan sold 8,000 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $150.00, for a total value of $1,200,000.00. Following the completion of the transaction, the director now directly owns 151,646 shares in the company, valued at $22,746,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Airbnb news, Director Jeffrey D. Jordan sold 8,000 shares of the business’s stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $150.00, for a total transaction of $1,200,000.00. Following the completion of the sale, the director now owns 151,646 shares of the company’s stock, valued at $22,746,900. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nathan Blecharczyk sold 17,445 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $125.35, for a total value of $2,186,730.75. Following the sale, the insider now directly owns 922,615 shares of the company’s stock, valued at approximately $115,649,790.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,506,731 shares of company stock worth $208,680,320. 30.84% of the stock is currently owned by insiders.
Airbnb Stock Performance
Analysts Set New Price Targets
ABNB has been the topic of several analyst reports. Evercore ISI downgraded Airbnb from an “outperform” rating to an “in-line” rating and set a $136.00 target price on the stock. in a research note on Friday, November 17th. Needham & Company LLC reiterated a “buy” rating and issued a $150.00 target price on shares of Airbnb in a research note on Monday, January 22nd. Morgan Stanley lowered their target price on Airbnb from $110.00 to $105.00 and set an “underweight” rating on the stock in a research note on Thursday, November 2nd. Barclays lifted their target price on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Monday, January 29th. Finally, Susquehanna decreased their price target on Airbnb from $165.00 to $160.00 and set a “positive” rating on the stock in a research note on Friday, November 3rd. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $141.31.
Airbnb Company 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 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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