Airbnb, Inc. $ABNB Shares Bought by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC raised its stake in Airbnb, Inc. (NASDAQ:ABNB) by 24.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 125,044 shares of the company’s stock after buying an additional 24,774 shares during the period. Reynders McVeigh Capital Management LLC’s holdings in Airbnb were worth $16,548,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ABNB. Harris Associates L P increased its stake in Airbnb by 86.0% in 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 in the second quarter valued at $483,644,000. AQR Capital Management LLC raised its stake in shares of Airbnb by 81.0% during the 1st quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock worth $500,755,000 after buying an additional 1,916,676 shares during the last quarter. Amundi boosted its position in shares of Airbnb by 112.3% in the 2nd quarter. Amundi now owns 2,670,251 shares of the company’s stock worth $361,525,000 after buying an additional 1,412,608 shares in the last quarter. Finally, McElhenny Sheffield Capital Management LLC acquired a new stake in Airbnb in the 2nd quarter valued at about $170,189,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Activity at Airbnb

In related news, insider Nathan Blecharczyk sold 36,370 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $123.24, for a total transaction of $4,482,238.80. Following the completion of the transaction, the insider owned 11,520 shares of the company’s stock, valued at approximately $1,419,724.80. This represents a 75.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 58,000 shares of the 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 transaction, the director directly owned 692,015 shares in the company, valued at approximately $81,983,017.05. This represents a 7.73% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,611,828 shares of company stock worth $195,591,707. 27.83% of the stock is owned by company insiders.

Analysts Set New Price Targets

ABNB has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on shares of Airbnb from $111.00 to $118.00 and gave the stock an “underweight” rating in a research report on Monday, December 1st. Mizuho set a $156.00 price objective on Airbnb in a research report on Friday, November 7th. BNP Paribas Exane assumed coverage on Airbnb in a report on Monday, November 24th. They set a “neutral” rating on the stock. Truist Financial boosted their price target on Airbnb from $104.00 to $107.00 and gave the stock a “sell” rating in a report on Thursday, December 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Airbnb in a research report on Wednesday, October 8th. Three investment 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 given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $143.88.

Airbnb Stock Up 0.3%

Shares of Airbnb stock opened at $128.39 on Monday. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The business’s fifty day moving average is $121.99 and its two-hundred day moving average is $127.39. The firm has a market cap of $79.03 billion, a PE ratio of 30.50, a P/E/G ratio of 2.26 and a beta of 1.11.

Airbnb (NASDAQ:ABNB) last released 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 during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the company posted $2.13 earnings per share. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current 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.