Markel Group Inc. Acquires 28,183 Shares of Airbnb, Inc. $ABNB

Markel Group Inc. increased its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 15.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 212,003 shares of the company’s stock after acquiring an additional 28,183 shares during the period. Markel Group Inc.’s holdings in Airbnb were worth $28,056,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Kentucky Trust Co bought a new position in shares of Airbnb in the second quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Airbnb by 70.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after purchasing an additional 83 shares during the period. Concord Wealth Partners bought a new position in Airbnb during the second quarter valued at $28,000. Whipplewood Advisors LLC increased its position in Airbnb by 235.3% in the second quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock worth $30,000 after buying an additional 160 shares during the last quarter. Finally, Armstrong Advisory Group Inc. raised its stake in shares of Airbnb by 363.6% in the second quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock valued at $34,000 after buying an additional 200 shares during the period. 80.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 12,184 shares of the firm’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $127.65, for a total value of $1,555,287.60. Following the sale, the chief financial officer owned 444,070 shares of the company’s stock, valued at $56,685,535.50. This trade represents a 2.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joseph Gebbia sold 236,000 shares of the firm’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $119.22, for a total value of $28,135,920.00. Following the completion of the sale, the director directly owned 704,015 shares in the company, valued at approximately $83,932,668.30. The trade was a 25.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,438,660 shares of company stock valued at $178,968,787 in the last 90 days. Corporate insiders own 27.83% of the company’s stock.

Analyst Ratings Changes

ABNB has been the topic of a number of recent research reports. UBS Group dropped their price target on Airbnb from $148.00 to $145.00 and set a “neutral” rating on the stock in a research report on Friday, October 24th. Jefferies Financial Group dropped their price target on Airbnb from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Monday, August 11th. BNP Paribas raised Airbnb to a “hold” rating in a research report on Wednesday, July 16th. BTIG Research reaffirmed a “neutral” rating on shares of Airbnb in a research report on Tuesday, October 7th. Finally, Morgan Stanley dropped their price target on Airbnb from $130.00 to $120.00 and set an “underweight” rating on the stock in a research report on Thursday, August 7th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $141.70.

Airbnb Stock Performance

Shares of ABNB opened at $128.01 on Wednesday. The stock’s 50-day simple moving average is $124.59 and its 200 day simple moving average is $128.20. The stock has a market capitalization of $79.55 billion, a price-to-earnings ratio of 31.00, a price-to-earnings-growth ratio of 2.35 and a beta of 1.10. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.11. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 EPS. On average, research analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Airbnb Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.