Airbnb, Inc. $ABNB Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its holdings in Airbnb, Inc. (NASDAQ:ABNBFree Report) by 83.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 62,664 shares of the company’s stock after purchasing an additional 28,461 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Airbnb were worth $7,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Kentucky Trust Co acquired a new position in shares of Airbnb during the second quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Airbnb by 70.9% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 83 shares during the period. Concord Wealth Partners bought a new position in Airbnb in the 2nd quarter valued at about $28,000. Whipplewood Advisors LLC increased its stake in Airbnb by 235.3% during the 2nd quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock valued at $30,000 after buying an additional 160 shares during the period. Finally, Armstrong Advisory Group Inc. increased its stake in Airbnb by 363.6% during the 2nd 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. Institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling

In related news, CEO Brian Chesky sold 51,230 shares of Airbnb stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $131.16, for a total value of $6,719,326.80. Following the transaction, the chief executive officer owned 45,854 shares of the company’s stock, valued at approximately $6,014,210.64. This trade represents a 52.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nathan Blecharczyk sold 141,063 shares of the business’s stock in a transaction dated 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 sale, the insider owned 11,520 shares in the company, valued at approximately $1,404,979.20. The trade was a 92.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,579,756 shares of company stock worth $193,545,739 in the last three months. 27.91% of the stock is currently owned by insiders.

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Airbnb Price Performance

ABNB stock opened at $139.27 on Friday. The firm has a market cap of $85.73 billion, a PE ratio of 33.08, a P/E/G ratio of 2.16 and a beta of 1.09. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The firm has a 50 day simple moving average of $126.57 and a 200 day simple moving average of $127.67.

Airbnb (NASDAQ:ABNBGet Free Report) last posted 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). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the company posted $2.13 EPS. Airbnb’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, sell-side analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analyst Weigh In

ABNB has been the subject of a number of research analyst reports. UBS Group upped their price target on shares of Airbnb from $145.00 to $147.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Sanford C. Bernstein dropped their target price on Airbnb from $165.00 to $162.00 and set an “outperform” rating on the stock in a report on Tuesday, January 6th. Mizuho set a $156.00 target price on Airbnb in a research report on Friday, November 7th. Truist Financial increased their price target on Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a research note on Thursday, December 4th. Finally, Wedbush boosted their price objective on Airbnb from $130.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty-two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Airbnb has an average rating of “Hold” and an average target price of $146.92.

Read Our Latest Report on Airbnb

About Airbnb

(Free Report)

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.

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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