Reynders McVeigh Capital Management LLC Grows Stock Holdings in Airbnb, Inc. $ABNB

Reynders McVeigh Capital Management LLC lifted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 24.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 125,044 shares of the company’s stock after acquiring an additional 24,774 shares during the quarter. Reynders McVeigh Capital Management LLC’s holdings in Airbnb were worth $16,548,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of ABNB. Vanguard Group Inc. grew its stake in shares of Airbnb by 0.5% in the second quarter. Vanguard Group Inc. now owns 37,645,965 shares of the company’s stock valued at $4,982,067,000 after buying an additional 183,336 shares in the last quarter. Harris Associates L P lifted its position in shares of Airbnb by 43.2% during the second quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock worth $1,884,168,000 after purchasing an additional 4,292,383 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Airbnb by 1.5% in the second quarter. Geode Capital Management LLC now owns 9,942,423 shares of the company’s stock valued at $1,314,057,000 after purchasing an additional 145,788 shares during the period. Northern Trust Corp grew its holdings in Airbnb by 2.5% during the 1st quarter. Northern Trust Corp now owns 4,402,970 shares of the company’s stock valued at $525,979,000 after purchasing an additional 106,135 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Airbnb by 81.0% during the 1st quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock valued at $500,755,000 after purchasing an additional 1,916,676 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Trading Up 0.3%

Shares of ABNB opened at $128.39 on Monday. The firm has a market cap of $79.03 billion, a price-to-earnings ratio of 30.50, a PEG ratio of 2.26 and a beta of 1.11. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The stock has a 50 day moving average of $121.99 and a 200-day moving average of $127.39.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data 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). Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the business earned $2.13 earnings per share. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, sell-side analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ABNB. Wells Fargo & Company upped their price objective on shares of Airbnb from $111.00 to $118.00 and gave the company an “underweight” rating in a research report on Monday, December 1st. Jefferies Financial Group increased their price target on Airbnb from $160.00 to $165.00 and gave the company a “buy” rating in a report on Friday, December 5th. UBS Group lifted their price objective on Airbnb from $145.00 to $147.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. DA Davidson reiterated a “buy” rating and set a $155.00 target price on shares of Airbnb in a research note on Friday, December 5th. Finally, Truist Financial raised their price target on shares of Airbnb from $104.00 to $107.00 and gave the stock a “sell” rating in a research report on Thursday, December 4th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $143.88.

Insider Buying and Selling

In other Airbnb news, insider Nathan Blecharczyk sold 36,370 shares of Airbnb stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $123.24, for a total value of $4,482,238.80. Following the completion of the transaction, the insider directly owned 11,520 shares in the company, valued at $1,419,724.80. The trade was a 75.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joseph Gebbia sold 58,000 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $118.47, for a total value of $6,871,260.00. Following the transaction, the director directly owned 692,015 shares of the company’s stock, valued at $81,983,017.05. This trade represents a 7.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,611,828 shares of company stock worth $195,591,707 over the last quarter. 27.83% of the stock is owned by company insiders.

Airbnb Company 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.