Sei Investments Co. Buys 14,712 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Sei Investments Co. increased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 753,405 shares of the company’s stock after purchasing an additional 14,712 shares during the quarter. Airbnb makes up about 0.9% of Sei Investments Co.’s investment portfolio, making the stock its 24th biggest holding. Sei Investments Co. owned 0.12% of Airbnb worth $98,771,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Airbnb by 1.6% in the first quarter. Vanguard Group Inc. now owns 37,462,629 shares of the company’s stock valued at $4,475,286,000 after purchasing an additional 604,120 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Airbnb by 8.4% in the fourth quarter. Northern Trust Corp now owns 4,296,835 shares of the company’s stock valued at $564,647,000 after purchasing an additional 331,607 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Airbnb by 74.4% in the first quarter. Principal Financial Group Inc. now owns 3,255,682 shares of the company’s stock valued at $388,924,000 after purchasing an additional 1,389,251 shares during the last quarter. Two Sigma Advisers LP grew its stake in shares of Airbnb by 512.0% in the fourth quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company’s stock valued at $404,782,000 after acquiring an additional 2,577,000 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Airbnb by 3.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,894,569 shares of the company’s stock valued at $345,785,000 after acquiring an additional 103,925 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 236,000 shares of the firm’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $139.40, for a total value of $32,898,400.00. Following the transaction, the director directly owned 1,180,015 shares in the company, valued at $164,494,091. This trade represents a 16.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Elinor Mertz sold 6,250 shares of the company’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $132.28, for a total value of $826,750.00. Following the sale, the chief financial officer owned 467,611 shares of the company’s stock, valued at approximately $61,855,583.08. This trade represents a 1.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,671,023 shares of company stock worth $223,195,427 over the last quarter. 27.91% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ABNB. Royal Bank Of Canada raised their price target on shares of Airbnb from $140.00 to $145.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. BTIG Research reaffirmed a “neutral” rating on shares of Airbnb in a research note on Wednesday, May 28th. Wells Fargo & Company set a $110.00 target price on shares of Airbnb and gave the stock an “underweight” rating in a research note on Thursday, August 7th. Phillip Securities raised shares of Airbnb from a “moderate sell” rating to a “hold” rating in a research note on Friday, August 8th. Finally, BNP Paribas raised Airbnb to a “hold” rating in a research note on Wednesday, July 16th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $142.72.

Airbnb Stock Up 2.4%

Shares of ABNB stock opened at $124.55 on Thursday. The stock has a market cap of $78.02 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 2.22 and a beta of 1.13. The business’s fifty day moving average is $134.33 and its 200 day moving average is $130.78. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.11. The company had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 earnings per share. Equities research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

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 connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.