Campbell & CO Investment Adviser LLC increased its position in shares of Airbnb, Inc. (NASDAQ:ABNB – Free Report) by 1,273.8% during the 2nd quarter, Holdings Channel reports. The fund owned 41,915 shares of the company’s stock after buying an additional 38,864 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Airbnb were worth $5,547,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of ABNB. Kentucky Trust Co acquired a new stake in Airbnb in the second quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. increased its position 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 valued at $26,000 after buying an additional 83 shares in the last quarter. Concord Wealth Partners acquired a new stake in Airbnb during the 2nd quarter worth $28,000. Whipplewood Advisors LLC lifted its holdings in Airbnb by 235.3% during the second quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock worth $30,000 after acquiring an additional 160 shares in the last quarter. Finally, Armstrong Advisory Group Inc. lifted its holdings in Airbnb by 363.6% during the second quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock worth $34,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.
Airbnb Trading Up 0.3%
Airbnb stock opened at $120.88 on Friday. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93. The company has a fifty day simple moving average of $123.89 and a 200 day simple moving average of $128.79. The company has a market cap of $75.12 billion, a P/E ratio of 28.71, a price-to-earnings-growth ratio of 2.20 and a beta of 1.11.
Insider Activity at Airbnb
In other news, Director Joseph Gebbia sold 236,000 shares of the company’s stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $119.22, for a total transaction of $28,135,920.00. Following the sale, the director owned 704,015 shares in the company, valued at $83,932,668.30. This represents a 25.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Nathan Blecharczyk sold 2,246 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $125.20, for a total value of $281,199.20. Following the completion of the sale, the insider directly owned 182,514 shares of the company’s stock, valued at approximately $22,850,752.80. The trade was a 1.22% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,446,760 shares of company stock valued at $179,726,429. Insiders own 27.91% of the company’s stock.
Analysts Set New Price Targets
ABNB has been the topic of a number of research analyst reports. BTIG Research reaffirmed a “neutral” rating on shares of Airbnb in a research report on Friday. Wedbush reissued a “neutral” rating and set a $130.00 target price on shares of Airbnb in a research note on Friday. Mizuho set a $156.00 price target on shares of Airbnb in a research note on Friday. Morgan Stanley lowered their price objective on shares of Airbnb from $130.00 to $120.00 and set an “underweight” rating for the company in a research report on Thursday, August 7th. Finally, Phillip Securities upgraded shares of Airbnb from a “moderate sell” rating to a “hold” rating in a report on Friday, August 8th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $142.44.
Get Our Latest Stock Analysis on Airbnb
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.
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