Gilder Gagnon Howe & Co. LLC Raises Stock Position in Airbnb, Inc. $ABNB

Gilder Gagnon Howe & Co. LLC lifted its position in Airbnb, Inc. (NASDAQ:ABNB) by 15.1% in the second quarter, Holdings Channel reports. The firm owned 454,089 shares of the company’s stock after buying an additional 59,692 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Airbnb were worth $60,094,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ABNB. Harris Associates L P raised its position in Airbnb by 86.0% during the 1st quarter. Harris Associates L P now owns 9,944,948 shares of the company’s stock valued at $1,188,024,000 after purchasing an additional 4,598,125 shares in the last quarter. Norges Bank purchased a new position in shares of Airbnb during the second quarter valued at $483,644,000. AQR Capital Management LLC increased its stake in shares of Airbnb by 81.0% during the first quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock valued at $500,755,000 after buying an additional 1,916,676 shares during the period. Amundi raised its holdings in shares of Airbnb by 112.3% in the second quarter. Amundi now owns 2,670,251 shares of the company’s stock valued at $361,525,000 after acquiring an additional 1,412,608 shares in the last quarter. Finally, McElhenny Sheffield Capital Management LLC purchased a new stake in Airbnb in the second quarter worth about $170,189,000. Institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

ABNB has been the topic of a number of research reports. Truist Financial raised their target price on shares of Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a research report on Thursday, December 4th. Jefferies Financial Group lifted their price objective on shares of Airbnb from $160.00 to $165.00 and gave the company a “buy” rating in a report on Friday, December 5th. Wells Fargo & Company upped their target price on Airbnb from $111.00 to $118.00 and gave the stock an “underweight” rating in a report on Monday, December 1st. BNP Paribas started coverage on Airbnb in a report on Monday, November 24th. They issued a “hold” rating on the stock. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $165.00 price target on shares of Airbnb in a research report on Friday, November 7th. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $143.88.

Insider Buying and Selling at Airbnb

In related news, CTO Aristotle N. Balogh sold 650 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $120.92, for a total value of $78,598.00. Following the completion of the transaction, the chief technology officer directly owned 187,036 shares of the company’s stock, valued at $22,616,393.12. This trade represents a 0.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joseph Gebbia sold 58,000 shares of Airbnb stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $118.47, for a total transaction of $6,871,260.00. Following the completion of the sale, the director owned 692,015 shares of the company’s stock, valued at $81,983,017.05. This trade represents a 7.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,847,828 shares of company stock worth $224,091,067. 27.91% of the stock is owned by insiders.

Airbnb Trading Up 0.3%

NASDAQ ABNB opened at $128.39 on Friday. The firm’s fifty day simple moving average is $121.99 and its two-hundred day simple moving average is $127.42. The firm has a market capitalization of $79.03 billion, a P/E ratio of 30.50, a P/E/G ratio of 2.25 and a beta of 1.11. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the business earned $2.13 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, sell-side analysts predict 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.