Nebula Research & Development LLC Acquires 25,989 Shares of Airbnb, Inc. $ABNB

Nebula Research & Development LLC increased its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 844.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,068 shares of the company’s stock after purchasing an additional 25,989 shares during the period. Nebula Research & Development LLC’s holdings in Airbnb were worth $3,847,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in ABNB. Sit Investment Associates Inc. raised its stake in Airbnb by 42.8% during the first quarter. Sit Investment Associates Inc. now owns 16,870 shares of the company’s stock worth $2,015,000 after acquiring an additional 5,060 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its holdings in shares of Airbnb by 74.8% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 20,514 shares of the company’s stock worth $2,451,000 after purchasing an additional 8,780 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Airbnb by 1.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,925,689 shares of the company’s stock worth $387,186,000 after purchasing an additional 31,120 shares in the last quarter. Plato Investment Management Ltd increased its position in shares of Airbnb by 53.1% during the 1st quarter. Plato Investment Management Ltd now owns 18,974 shares of the company’s stock worth $2,291,000 after purchasing an additional 6,579 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in Airbnb by 52.9% in the first quarter. Acadian Asset Management LLC now owns 2,457,837 shares of the company’s stock valued at $293,590,000 after buying an additional 850,719 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $127.57 on Thursday. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The firm has a market capitalization of $78.53 billion, a P/E ratio of 30.30, a P/E/G ratio of 2.21 and a beta of 1.11. The company’s 50 day simple moving average is $121.70 and its 200 day simple moving average is $127.40.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the firm posted $2.13 EPS. The business’s revenue was up 9.9% on a year-over-year basis. Sell-side analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on ABNB shares. BTIG Research reiterated a “neutral” rating on shares of Airbnb in a research note on Friday, November 7th. KeyCorp started coverage on Airbnb in a research report on Thursday, October 23rd. They issued a “sector weight” rating for the company. BNP Paribas assumed coverage on Airbnb in a report on Monday, November 24th. They set a “hold” rating on the stock. Jefferies Financial Group lifted their price target on Airbnb from $160.00 to $165.00 and gave the company a “buy” rating in a report on Friday, December 5th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Airbnb in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $143.88.

Insider Activity

In related news, insider Nathan Blecharczyk sold 141,063 shares of Airbnb stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $121.96, for a total transaction of $17,204,043.48. Following the transaction, the insider owned 11,520 shares of the company’s stock, valued at $1,404,979.20. This trade represents a 92.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph Gebbia sold 236,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $120.76, for a total transaction of $28,499,360.00. Following the transaction, the director owned 1,176,015 shares of the company’s stock, valued at approximately $142,015,571.40. This represents a 16.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,847,828 shares of company stock worth $224,091,067 in the last three months. Insiders own 27.91% of the company’s stock.

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.