AG2R LA Mondiale Gestion D Actifs Boosts Holdings in Airbnb, Inc. $ABNB

AG2R LA Mondiale Gestion D Actifs lifted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 1.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,425 shares of the company’s stock after buying an additional 252 shares during the period. AG2R LA Mondiale Gestion D Actifs’ holdings in Airbnb were worth $2,174,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. DDD Partners LLC grew its position in shares of Airbnb by 3.9% in the 2nd quarter. DDD Partners LLC now owns 2,041 shares of the company’s stock valued at $270,000 after buying an additional 76 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in Airbnb by 1.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company’s stock worth $604,000 after purchasing an additional 78 shares during the period. Harbour Investments Inc. lifted its stake in shares of Airbnb by 12.2% in the 1st quarter. Harbour Investments Inc. now owns 738 shares of the company’s stock worth $88,000 after acquiring an additional 80 shares during the period. Koshinski Asset Management Inc. lifted its stake in shares of Airbnb by 4.4% in the 1st quarter. Koshinski Asset Management Inc. now owns 1,984 shares of the company’s stock worth $237,000 after acquiring an additional 83 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Airbnb by 70.9% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after acquiring an additional 83 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 4,630 shares of Airbnb stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $128.42, for a total transaction of $594,584.60. Following the transaction, the chief financial officer directly owned 444,070 shares of the company’s stock, valued at $57,027,469.40. The trade was a 1.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $124.26, for a total transaction of $74,556.00. Following the transaction, the chief technology officer directly owned 197,206 shares in the company, valued at approximately $24,504,817.56. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,425,876 shares of company stock worth $177,336,982. 27.91% of the stock is owned by company insiders.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $127.99 on Friday. The company has a market cap of $79.54 billion, a PE ratio of 30.99, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The company has a 50-day simple moving average of $124.48 and a 200-day simple moving average of $128.00.

Airbnb (NASDAQ:ABNB) last released its earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.11. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the firm earned $0.86 earnings per share. Airbnb’s revenue was up 12.7% compared to the same quarter last year. On average, analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ABNB. UBS Group reduced their target price on shares of Airbnb from $148.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday. Royal Bank Of Canada raised their price objective on shares of Airbnb from $140.00 to $145.00 and gave the company a “sector perform” rating in a research note on Thursday, August 7th. Citizens Jmp upgraded shares of Airbnb to a “hold” rating in a research note on Monday, August 11th. JPMorgan Chase & Co. raised their price objective on shares of Airbnb from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Finally, Jefferies Financial Group reduced their price objective on shares of Airbnb from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Monday, August 11th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $141.70.

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.