Airbnb, Inc. $ABNB Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 14.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,529,652 shares of the company’s stock after acquiring an additional 195,055 shares during the period. Victory Capital Management Inc. owned about 0.25% of Airbnb worth $185,730,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ABNB. Aster Capital Management DIFC Ltd purchased a new stake in shares of Airbnb in the 3rd quarter valued at about $25,000. Root Financial Partners LLC acquired a new position in Airbnb during the third quarter worth approximately $32,000. NewSquare Capital LLC lifted its stake in Airbnb by 86.4% in the second quarter. NewSquare Capital LLC now owns 287 shares of the company’s stock valued at $38,000 after buying an additional 133 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake in Airbnb by 55.5% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 311 shares of the company’s stock valued at $38,000 after buying an additional 111 shares during the last quarter. Finally, SJS Investment Consulting Inc. boosted its holdings in shares of Airbnb by 4,255.6% in the third quarter. SJS Investment Consulting Inc. now owns 392 shares of the company’s stock valued at $48,000 after acquiring an additional 383 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Morgan Stanley set a $120.00 price target on shares of Airbnb in a research report on Friday, February 13th. BNP Paribas Exane started coverage on shares of Airbnb in a research note on Monday, November 24th. They issued a “hold” rating on the stock. BMO Capital Markets increased their target price on shares of Airbnb from $130.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, February 13th. B. Riley Financial raised Airbnb from a “neutral” rating to a “buy” rating and raised their price target for the stock from $140.00 to $170.00 in a report on Monday, January 12th. Finally, Citigroup raised Airbnb from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $149.42.

Insider Activity at Airbnb

In other news, Director Joseph Gebbia sold 58,000 shares of Airbnb stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $121.97, for a total transaction of $7,074,260.00. Following the completion of the sale, the director directly owned 344,015 shares in the company, valued at approximately $41,959,509.55. This trade represents a 14.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elinor Mertz sold 3,750 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $130.00, for a total value of $487,500.00. Following the completion of the transaction, the chief financial officer directly owned 410,530 shares of the company’s stock, valued at $53,368,900. The trade was a 0.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 755,420 shares of company stock worth $95,992,734 in the last ninety days. Corporate insiders own 27.83% of the company’s stock.

Airbnb Price Performance

Airbnb stock opened at $133.04 on Wednesday. The stock’s 50 day moving average price is $130.66 and its 200 day moving average price is $126.37. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $143.88. The company has a market cap of $80.98 billion, a PE ratio of 32.93, a price-to-earnings-growth ratio of 1.50 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, February 12th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the business posted $0.73 EPS. Airbnb’s revenue was up 12.9% compared to the same quarter last year. On average, equities research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Airbnb Profile

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.