Federated Hermes Inc. Has $31.70 Million Holdings in Airbnb, Inc. $ABNB

Federated Hermes Inc. boosted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 15.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 261,048 shares of the company’s stock after purchasing an additional 35,173 shares during the period. Federated Hermes Inc.’s holdings in Airbnb were worth $31,696,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Airbnb by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 37,645,965 shares of the company’s stock valued at $4,982,067,000 after buying an additional 183,336 shares during the last quarter. Harris Associates L P boosted its holdings in Airbnb by 43.2% in the second quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock valued at $1,884,168,000 after acquiring an additional 4,292,383 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Airbnb by 1.5% in the second quarter. Geode Capital Management LLC now owns 9,942,423 shares of the company’s stock valued at $1,314,057,000 after acquiring an additional 145,788 shares during the last quarter. Norges Bank acquired a new stake in Airbnb during the 2nd quarter valued at approximately $483,644,000. Finally, Akre Capital Management LLC raised its holdings in Airbnb by 19.0% during the 2nd quarter. Akre Capital Management LLC now owns 3,473,243 shares of the company’s stock worth $459,649,000 after purchasing an additional 555,510 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Airbnb Trading Down 1.8%

ABNB opened at $129.37 on Friday. The company has a fifty day moving average price of $130.57 and a two-hundred day moving average price of $127.47. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93. The company has a market cap of $79.63 billion, a P/E ratio of 30.73, a price-to-earnings-growth ratio of 2.04 and a beta of 1.09.

Airbnb (NASDAQ:ABNB) last issued 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 firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the prior year, the business earned $2.13 earnings per share. The business’s quarterly revenue was up 9.9% on a year-over-year basis. On average, research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ABNB shares. Jefferies Financial Group upped their price objective on shares of Airbnb from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, December 5th. DA Davidson restated a “buy” rating and issued a $155.00 target price on shares of Airbnb in a report on Friday, December 5th. Barclays set a $120.00 price target on Airbnb and gave the stock an “equal weight” rating in a report on Friday, January 9th. BTIG Research reissued a “neutral” rating on shares of Airbnb in a research note on Friday, November 7th. Finally, Morgan Stanley upped their target price on Airbnb from $120.00 to $130.00 and gave the company an “underweight” rating in a research report on Tuesday, January 13th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and an average target price of $147.84.

Insider Transactions at Airbnb

In other news, CFO Elinor Mertz sold 3,750 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $135.94, for a total transaction of $509,775.00. Following the completion of the sale, the chief financial officer owned 414,280 shares in the company, valued at $56,317,223.20. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Joseph Gebbia sold 58,000 shares of the stock in a transaction on Monday, January 26th. The stock was sold at an average price of $133.28, for a total value of $7,730,240.00. Following the completion of the transaction, the director owned 460,015 shares in the company, valued at approximately $61,310,799.20. This represents a 11.20% 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 1,202,272 shares of company stock worth $148,094,596. 27.91% of the stock is currently owned by insiders.

Airbnb Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.