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

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

Several other institutional investors and hedge funds also recently bought and sold shares of ABNB. Harris Associates L P raised its position in shares of 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 buying an additional 4,292,383 shares during the period. Norges Bank purchased a new position in Airbnb in the second quarter worth approximately $483,644,000. Amundi increased its stake in Airbnb by 112.3% during the second quarter. Amundi now owns 2,670,251 shares of the company’s stock worth $361,525,000 after acquiring an additional 1,412,608 shares during the last quarter. McElhenny Sheffield Capital Management LLC purchased a new stake in Airbnb in the second quarter valued at $170,189,000. Finally, Bank of Nova Scotia raised its position in Airbnb by 1,232.7% in the second quarter. Bank of Nova Scotia now owns 956,188 shares of the company’s stock valued at $126,542,000 after purchasing an additional 884,439 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Price Performance

NASDAQ ABNB opened at $129.37 on Friday. 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. The stock has a 50-day moving average of $130.57 and a two-hundred day moving average of $127.41. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein lowered their price target on Airbnb from $165.00 to $162.00 and set an “outperform” rating for the company in a report on Tuesday, January 6th. Wells Fargo & Company set a $128.00 target price on shares of Airbnb and gave the company an “equal weight” rating in a research report on Friday, January 9th. Truist Financial lifted their price target on shares of Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a research report on Thursday, December 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Airbnb in a research note on Wednesday, January 21st. Finally, Mizuho set a $156.00 price objective on shares of Airbnb in a report on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and a consensus target price of $147.84.

Insider Buying and Selling at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 141,063 shares of the business’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $121.96, for a total value of $17,204,043.48. Following the completion of the transaction, the insider owned 11,520 shares in the company, valued at $1,404,979.20. The trade was a 92.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Joseph Gebbia sold 236,000 shares of the company’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $120.66, for a total value of $28,475,760.00. Following the sale, the director directly owned 232,015 shares in the company, valued at $27,994,929.90. This represents a 50.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 1,202,272 shares of company stock valued at $148,094,596 in the last 90 days. Company insiders own 27.91% of the company’s stock.

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.