Mawer Investment Management Ltd. Increases Stock Position in Airbnb, Inc. $ABNB

Mawer Investment Management Ltd. raised its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 19.9% during the fourth quarter, HoldingsChannel reports. The fund owned 667,850 shares of the company’s stock after acquiring an additional 110,926 shares during the quarter. Mawer Investment Management Ltd.’s holdings in Airbnb were worth $90,641,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Airbnb by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 38,295,288 shares of the company’s stock valued at $4,649,814,000 after acquiring an additional 649,323 shares during the last quarter. Harris Associates L P boosted its stake in Airbnb by 43.2% during the 2nd 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 stake in Airbnb by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 10,076,465 shares of the company’s stock valued at $1,368,338,000 after acquiring an additional 47,966 shares during the last quarter. AQR Capital Management LLC boosted its stake in Airbnb by 58.6% during the 3rd quarter. AQR Capital Management LLC now owns 4,269,937 shares of the company’s stock valued at $518,456,000 after acquiring an additional 1,577,338 shares during the last quarter. Finally, Independent Franchise Partners LLP bought a new position in Airbnb during the 3rd quarter valued at $505,672,000. 80.76% of the stock is currently owned by institutional investors.

Airbnb Stock Up 3.4%

ABNB stock opened at $137.87 on Tuesday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $147.25. The firm’s 50-day simple moving average is $134.07 and its 200 day simple moving average is $130.37. The stock has a market cap of $83.09 billion, a PE ratio of 33.96, a price-to-earnings-growth ratio of 1.43 and a beta of 1.20.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period last year, the business earned $0.24 EPS. The firm’s revenue was up 17.9% on a year-over-year basis. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.91 EPS for the current year.

Insider Activity

In related news, Director Joseph Gebbia sold 2,860 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $133.44, for a total value of $381,638.40. Following the sale, the director owned 3,447,355 shares of the company’s stock, valued at $460,015,051.20. This trade represents a 0.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elinor Mertz sold 3,750 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $143.00, for a total transaction of $536,250.00. Following the completion of the sale, the chief financial officer directly owned 463,415 shares in the company, valued at approximately $66,268,345. This trade represents a 0.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 968,723 shares of company stock worth $130,478,651 in the last 90 days. 27.21% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts have commented on ABNB shares. Sanford C. Bernstein reiterated an “outperform” rating on shares of Airbnb in a research note on Friday, May 22nd. Citigroup reiterated an “outperform” rating on shares of Airbnb in a research note on Friday, May 8th. JPMorgan Chase & Co. increased their price objective on shares of Airbnb from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. UBS Group increased their price objective on shares of Airbnb from $153.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Citizens Jmp increased their price objective on shares of Airbnb from $160.00 to $170.00 and gave the company a “market outperform” rating in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.67.

Airbnb Company 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.