86,499 Shares in Airbnb, Inc. $ABNB Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 86,499 shares of the company’s stock, valued at approximately $12,378,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ABNB. Transamerica Financial Advisors LLC boosted its holdings in shares of Airbnb by 143.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after buying an additional 112 shares during the period. Entrust Financial LLC acquired a new stake in Airbnb during the fourth quarter worth about $27,000. Meeder Asset Management Inc. raised its stake in Airbnb by 96.3% during the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock worth $27,000 after acquiring an additional 105 shares during the period. Sunbelt Securities Inc. lifted its holdings in Airbnb by 397.7% in the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares during the last quarter. Finally, Wiser Advisor Group LLC bought a new position in Airbnb in the third quarter worth about $27,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 20,000 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $173.61, for a total transaction of $3,472,200.00. Following the completion of the transaction, the chief executive officer directly owned 5,854 shares of the company’s stock, valued at approximately $1,016,312.94. This trade represents a 77.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO David C. Bernstein sold 5,224 shares of Airbnb stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $182.49, for a total value of $953,327.76. Following the transaction, the chief accounting officer owned 48,513 shares in the company, valued at approximately $8,853,137.37. This trade represents a 9.72% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,288,689 shares of company stock valued at $374,988,733 over the last quarter. Corporate insiders own 27.21% of the company’s stock.

Wall Street Analyst Weigh In

ABNB has been the subject of several recent research reports. DA Davidson upped their target price on Airbnb from $175.00 to $220.00 and gave the company a “buy” rating in a report on Monday, August 31st. KeyCorp reissued a “sector weight” rating on shares of Airbnb in a report on Monday, August 10th. Susquehanna raised their price target on Airbnb from $170.00 to $200.00 and gave the stock a “positive” rating in a report on Friday, August 7th. Barclays boosted their price objective on Airbnb from $122.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Finally, BMO Capital Markets increased their target price on Airbnb from $146.00 to $165.00 and gave the stock a “market perform” rating in a research report on Monday, August 10th. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.07.

Airbnb Stock Performance

Shares of ABNB opened at $181.94 on Tuesday. The firm has a market capitalization of $108.94 billion, a PE ratio of 41.35, a P/E/G ratio of 2.11 and a beta of 1.16. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $163.73 and a 200 day moving average price of $144.53. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $193.45.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.11. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.58 billion. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. Airbnb’s revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.03 EPS. On average, sell-side analysts anticipate that Airbnb, Inc. will post 5.23 earnings per share for the current fiscal year.

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.