Vestmark Advisory Solutions Inc. Has $3.44 Million Holdings in Airbnb, Inc. $ABNB

Vestmark Advisory Solutions Inc. lessened its holdings in shares of Airbnb, Inc. (NASDAQ:ABNBFree Report) by 34.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 28,288 shares of the company’s stock after selling 14,820 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Airbnb were worth $3,435,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Whipplewood Advisors LLC grew its position in Airbnb by 235.3% during the second quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock valued at $30,000 after purchasing an additional 160 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Airbnb during the 3rd quarter valued at $32,000. NewSquare Capital LLC grew its holdings in shares of Airbnb by 86.4% during the 2nd quarter. NewSquare Capital LLC now owns 287 shares of the company’s stock valued at $38,000 after acquiring an additional 133 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Airbnb by 55.5% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 311 shares of the company’s stock worth $38,000 after acquiring an additional 111 shares during the last quarter. Finally, Golden State Wealth Management LLC raised its holdings in shares of Airbnb by 85.9% during the second quarter. Golden State Wealth Management LLC now owns 370 shares of the company’s stock worth $49,000 after acquiring an additional 171 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 2,565 shares of the firm’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $134.79, for a total value of $345,736.35. Following the sale, the chief technology officer owned 165,086 shares in the company, valued at approximately $22,251,941.94. This trade represents a 1.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 51,230 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $131.16, for a total transaction of $6,719,326.80. Following the transaction, the chief executive officer directly owned 45,854 shares in the company, valued at $6,014,210.64. This trade represents a 52.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 795,422 shares of company stock worth $100,561,168. Corporate insiders own 27.83% of the company’s stock.

Airbnb Price Performance

Shares of ABNB opened at $122.96 on Tuesday. The company has a market capitalization of $74.85 billion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 1.73 and a beta of 1.15. Airbnb, Inc. has a one year low of $99.88 and a one year high of $147.07. The company’s fifty day moving average price is $130.91 and its 200 day moving average price is $125.94.

Airbnb (NASDAQ:ABNBGet Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). The firm had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.71 billion. Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The firm’s revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the company earned $0.73 earnings per share. Analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ABNB. Barclays boosted their target price on Airbnb from $120.00 to $122.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft raised Airbnb from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a research note on Friday, February 13th. Citizens Jmp raised shares of Airbnb from a “market perform” rating to an “outperform” rating and set a $160.00 price objective on the stock in a research report on Wednesday, February 4th. Morgan Stanley set a $120.00 target price on shares of Airbnb in a research report on Friday, February 13th. Finally, Mizuho set a $156.00 price target on shares of Airbnb in a report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $148.69.

Get Our Latest Stock Report on Airbnb

Airbnb Profile

(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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