State of New Jersey Frequent Pension Fund D lessened its place in Airbnb, Inc. (NASDAQ:ABNB – Free Report) by 34.4% throughout the second quarter, in accordance with the corporate in its most up-to-date 13F submitting with the Securities & Alternate Fee. The agency owned 162,111 shares of the corporate’s inventory after promoting 85,158 shares throughout the interval. State of New Jersey Frequent Pension Fund D’s holdings in Airbnb have been price $24,581,000 on the finish of the latest reporting interval.
A number of different hedge funds have additionally lately purchased and bought shares of the corporate. Norges Financial institution purchased a brand new place in Airbnb within the 4th quarter price about $619,584,000. Jennison Associates LLC boosted its place in shares of Airbnb by 57.9% throughout the first quarter. Jennison Associates LLC now owns 10,632,035 shares of the corporate’s inventory price $1,753,860,000 after shopping for an extra 3,899,179 shares throughout the interval. Worth T Rowe Associates Inc. MD grew its holdings in Airbnb by 158.1% within the 1st quarter. Worth T Rowe Associates Inc. MD now owns 5,809,152 shares of the corporate’s inventory price $958,279,000 after shopping for an extra 3,558,178 shares within the final quarter. Edgewood Administration LLC elevated its place in Airbnb by 20.8% within the 4th quarter. Edgewood Administration LLC now owns 12,417,777 shares of the corporate’s inventory valued at $1,690,556,000 after buying an extra 2,135,529 shares throughout the interval. Lastly, Assenagon Asset Administration S.A. raised its stake in Airbnb by 19,052.8% throughout the 2nd quarter. Assenagon Asset Administration S.A. now owns 1,693,488 shares of the corporate’s inventory valued at $256,784,000 after buying an extra 1,684,646 shares within the final quarter. 80.76% of the inventory is presently owned by institutional buyers.
Airbnb Inventory Efficiency
Shares of Airbnb inventory opened at $117.36 on Friday. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month excessive of $170.10. The corporate has a fast ratio of 1.41, a present ratio of 1.41 and a debt-to-equity ratio of 0.25. The inventory has a market cap of $75.59 billion, a PE ratio of 15.71, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16. The enterprise has a fifty day easy shifting common of $128.84 and a 200-day easy shifting common of $146.05.
Airbnb (NASDAQ:ABNB – Get Free Report) final introduced its quarterly earnings information on Tuesday, August sixth. The corporate reported $0.86 EPS for the quarter, lacking analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a return on fairness of 34.74% and a internet margin of 46.11%. The enterprise had income of $2.75 billion for the quarter, in comparison with analyst estimates of $2.74 billion. Throughout the identical quarter within the earlier yr, the enterprise posted $0.98 earnings per share. The corporate’s income was up 10.6% in comparison with the identical quarter final yr. On common, sell-side analysts anticipate that Airbnb, Inc. will publish 4.39 EPS for the present fiscal yr.
Analyst Scores Modifications
A number of analysis analysts have lately issued studies on ABNB shares. Benchmark reissued a “purchase” ranking and issued a $155.00 worth goal on shares of Airbnb in a analysis be aware on Monday, August twenty sixth. JPMorgan Chase & Co. decreased their goal worth on shares of Airbnb from $145.00 to $121.00 and set a “impartial” ranking for the corporate in a analysis report on Wednesday, August seventh. B. Riley dropped their worth goal on shares of Airbnb from $150.00 to $140.00 and set a “impartial” ranking on the inventory in a analysis report on Wednesday, August seventh. Jefferies Monetary Group lowered their worth goal on shares of Airbnb from $125.00 to $120.00 and set a “maintain” ranking for the corporate in a analysis be aware on Wednesday, September 4th. Lastly, BMO Capital Markets lowered their worth goal on shares of Airbnb from $151.00 to $130.00 and set a “market carry out” ranking on the inventory in a analysis be aware on Wednesday, August seventh. 5 equities analysis analysts have rated the inventory with a promote ranking, eighteen have issued a maintain ranking and 7 have given a purchase ranking to the corporate’s inventory. In accordance with information from MarketBeat.com, the corporate has a median ranking of “Maintain” and a consensus goal worth of $134.48.
Learn Our Newest Analysis Report on ABNB
Insider Shopping for and Promoting
In different Airbnb information, Director Joseph Gebbia bought 5,442 shares of the corporate’s inventory in a transaction that occurred on Monday, June twenty fourth. The shares have been bought at a median worth of $150.00, for a complete worth of $816,300.00. Following the transaction, the director now owns 42,087 shares within the firm, valued at roughly $6,313,050. The transaction was disclosed in a doc filed with the SEC, which may be accessed by way of this hyperlink. In different information, CTO Aristotle N. Balogh bought 600 shares of Airbnb inventory in a transaction dated Tuesday, June 18th. The inventory was bought at a median worth of $149.90, for a complete transaction of $89,940.00. Following the completion of the sale, the chief expertise officer now straight owns 209,974 shares within the firm, valued at roughly $31,475,102.60. The sale was disclosed in a submitting with the SEC, which may be accessed by way of this hyperlink. Additionally, Director Joseph Gebbia bought 5,442 shares of the inventory in a transaction that occurred on Monday, June twenty fourth. The inventory was bought at a median worth of $150.00, for a complete worth of $816,300.00. Following the completion of the transaction, the director now owns 42,087 shares within the firm, valued at roughly $6,313,050. The disclosure for this sale may be discovered right here. During the last three months, insiders bought 449,932 shares of firm inventory price $67,352,949. 27.83% of the inventory is owned by firm insiders.
Airbnb Profile
Airbnb, Inc, along with its subsidiaries, operates a platform that allows hosts to supply stays and experiences to friends worldwide. The corporate’s market connects hosts and friends on-line or by way of cellular gadgets to e-book areas and experiences. It primarily gives personal rooms, main houses, and trip houses.
Additional Studying
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