Vanguard Group Inc. Decreases Position in Airbnb, Inc. (NASDAQ:ABNB)

Vanguard Group Inc. reduced its stake in Airbnb, Inc. (NASDAQ:ABNB) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 33,533,316 shares of the company’s stock after selling 705,411 shares during the period. Vanguard Group Inc. owned approximately 0.05% of Airbnb worth $4,565,226,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CVA Family Office LLC acquired a new stake in Airbnb during the 4th quarter worth $26,000. Trust Co. of Vermont acquired a new position in shares of Airbnb during the fourth quarter worth about $27,000. Orion Capital Management LLC acquired a new position in Airbnb during the 3rd quarter worth approximately $27,000. Bfsg LLC purchased a new position in Airbnb in the fourth quarter worth $27,000. Finally, Vima LLC acquired a new stake in Airbnb in the fourth quarter valued at $29,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Trading Up 2.4 %

Shares of ABNB opened at $149.50 on Tuesday. The stock’s fifty day simple moving average is $152.21 and its 200 day simple moving average is $150.33. Airbnb, Inc. has a twelve month low of $113.24 and a twelve month high of $170.10. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $96.28 billion, a P/E ratio of 20.01, a price-to-earnings-growth ratio of 1.80 and a beta of 1.18.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.18. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the business posted $0.18 EPS. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. On average, equities research analysts forecast that Airbnb, Inc. will post 4.67 earnings per share for the current year.

Insider Activity at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 44,990 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $150.04, for a total transaction of $6,750,299.60. Following the completion of the sale, the director now directly owns 46,467 shares in the company, valued at $6,971,908.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Joseph Gebbia sold 44,990 shares of Airbnb stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $150.04, for a total transaction of $6,750,299.60. Following the transaction, the director now owns 46,467 shares in the company, valued at approximately $6,971,908.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $145.71, for a total transaction of $87,426.00. Following the sale, the chief technology officer now directly owns 212,374 shares of the company’s stock, valued at $30,945,015.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 388,612 shares of company stock worth $59,476,075. Company insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on ABNB. Mizuho upgraded shares of Airbnb from a “neutral” rating to a “buy” rating and upped their target price for the stock from $150.00 to $200.00 in a research report on Wednesday, April 24th. BMO Capital Markets increased their price target on shares of Airbnb from $135.00 to $151.00 and gave the company a “market perform” rating in a research report on Thursday, May 9th. Tigress Financial lifted their price objective on Airbnb from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Wells Fargo & Company increased their target price on Airbnb from $107.00 to $127.00 and gave the company an “underweight” rating in a report on Monday, April 1st. Finally, DA Davidson reissued a “neutral” rating and issued a $145.00 price target on shares of Airbnb in a report on Thursday, May 9th. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Airbnb currently has an average rating of “Hold” and an average target price of $152.38.

About Airbnb

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.