Rafferty Asset Management LLC Purchases 12,918 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Rafferty Asset Management LLC grew its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 8.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 164,053 shares of the company’s stock after acquiring an additional 12,918 shares during the quarter. Rafferty Asset Management LLC’s holdings in Airbnb were worth $21,558,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of ABNB. Geode Capital Management LLC grew its holdings in Airbnb by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company’s stock worth $1,244,514,000 after buying an additional 72,991 shares in the last quarter. Clearbridge Investments LLC grew its holdings in Airbnb by 147.3% during the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock worth $571,505,000 after buying an additional 2,590,475 shares in the last quarter. Northern Trust Corp grew its holdings in Airbnb by 8.4% during the fourth quarter. Northern Trust Corp now owns 4,296,835 shares of the company’s stock worth $564,647,000 after buying an additional 331,607 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Airbnb by 15.5% during the fourth quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company’s stock worth $548,683,000 after buying an additional 558,856 shares in the last quarter. Finally, Norges Bank bought a new stake in Airbnb during the fourth quarter worth $433,374,000. Institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the subject of several recent research reports. Susquehanna decreased their price target on Airbnb from $200.00 to $150.00 and set a “positive” rating for the company in a report on Monday, May 5th. Barclays decreased their price target on Airbnb from $120.00 to $103.00 and set an “underweight” rating for the company in a report on Friday, May 2nd. B. Riley decreased their price target on Airbnb from $145.00 to $140.00 and set a “neutral” rating for the company in a report on Friday, May 2nd. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research report on Wednesday. Finally, UBS Group cut their price objective on Airbnb from $160.00 to $138.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $141.43.

Insider Activity

In other news, insider Nathan Blecharczyk sold 2,712 shares of Airbnb stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $156.32, for a total transaction of $423,939.84. Following the completion of the sale, the insider now owns 159,337 shares in the company, valued at approximately $24,907,559.84. This trade represents a 1.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $161.05, for a total value of $112,735.00. Following the sale, the chief technology officer now owns 180,514 shares of the company’s stock, valued at approximately $29,071,779.70. This trade represents a 0.39% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,533,331 shares of company stock worth $195,015,055. 27.83% of the stock is currently owned by insiders.

Airbnb Stock Down 0.5%

Shares of NASDAQ ABNB opened at $136.79 on Friday. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The business has a 50-day simple moving average of $121.58 and a two-hundred day simple moving average of $131.26. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The company has a market cap of $86.25 billion, a P/E ratio of 33.12, a P/E/G ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the business earned $0.41 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. Research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Airbnb 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.