Airbnb, Inc. $ABNB Shares Purchased by National Pension Service

National Pension Service raised its stake in Airbnb, Inc. (NASDAQ:ABNB) by 1.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,096,411 shares of the company’s stock after acquiring an additional 12,453 shares during the quarter. National Pension Service owned approximately 0.18% of Airbnb worth $133,126,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ABNB. Caxton Associates LLP purchased a new position in shares of Airbnb during the 1st quarter valued at approximately $258,000. Intech Investment Management LLC boosted its holdings in Airbnb by 55.8% during the first quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock worth $1,453,000 after buying an additional 4,353 shares in the last quarter. Sivia Capital Partners LLC grew its position in Airbnb by 18.8% during the second quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock valued at $776,000 after buying an additional 927 shares during the period. Janney Montgomery Scott LLC increased its holdings in Airbnb by 5.9% in the second quarter. Janney Montgomery Scott LLC now owns 54,212 shares of the company’s stock valued at $7,174,000 after buying an additional 3,020 shares in the last quarter. Finally, ASR Vermogensbeheer N.V. raised its position in shares of Airbnb by 5.3% in the second quarter. ASR Vermogensbeheer N.V. now owns 42,747 shares of the company’s stock worth $5,657,000 after acquiring an additional 2,142 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Performance

NASDAQ ABNB opened at $129.37 on Friday. The business has a fifty day moving average price of $130.57 and a 200 day moving average price of $127.41. The company has a market cap of $79.63 billion, a P/E ratio of 30.73, a P/E/G ratio of 2.04 and a beta of 1.09. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.10). The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The business’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the business posted $2.13 earnings per share. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ABNB. Royal Bank Of Canada restated an “outperform” rating on shares of Airbnb in a research report on Wednesday, January 14th. Jefferies Financial Group raised their price objective on Airbnb from $160.00 to $165.00 and gave the company a “buy” rating in a report on Friday, December 5th. BNP Paribas Exane started coverage on Airbnb in a research report on Monday, November 24th. They issued a “hold” rating for the company. DA Davidson reaffirmed a “buy” rating and set a $155.00 target price on shares of Airbnb in a research note on Friday, December 5th. Finally, Barclays set a $120.00 price target on shares of Airbnb and gave the company an “equal weight” rating in a research note on Friday, January 9th. Two investment 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 issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $147.84.

Insiders Place Their Bets

In related news, CEO Brian Chesky sold 51,230 shares of Airbnb stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $131.16, for a total transaction of $6,719,326.80. Following the transaction, the chief executive officer owned 45,854 shares in the company, valued at approximately $6,014,210.64. This trade represents a 52.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nathan Blecharczyk sold 141,063 shares of the business’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $121.96, for a total value of $17,204,043.48. Following the transaction, the insider directly owned 11,520 shares in the company, valued at $1,404,979.20. This trade represents a 92.45% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,202,272 shares of company stock valued at $148,094,596 in the last ninety days. 27.91% of the stock is currently owned by corporate insiders.

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.