Airbnb, Inc. $ABNB is Geo Capital Gestora de Recursos Ltd’s 6th Largest Position

Geo Capital Gestora de Recursos Ltd reduced its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 33.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,690 shares of the company’s stock after selling 13,656 shares during the quarter. Airbnb makes up approximately 6.2% of Geo Capital Gestora de Recursos Ltd’s portfolio, making the stock its 6th largest position. Geo Capital Gestora de Recursos Ltd’s holdings in Airbnb were worth $3,362,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Harris Associates L P boosted its stake in shares of Airbnb by 43.2% during the 2nd quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock valued at $1,884,168,000 after buying an additional 4,292,383 shares during the period. Norges Bank acquired a new position in shares of Airbnb in the second quarter worth $483,644,000. Amundi raised its holdings in shares of Airbnb by 112.3% during the second quarter. Amundi now owns 2,670,251 shares of the company’s stock worth $361,525,000 after acquiring an additional 1,412,608 shares in the last quarter. Bank of Nova Scotia boosted its position in Airbnb by 1,232.7% during the second quarter. Bank of Nova Scotia now owns 956,188 shares of the company’s stock valued at $126,542,000 after purchasing an additional 884,439 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in Airbnb by 1.7% during the third quarter. Vanguard Group Inc. now owns 38,295,288 shares of the company’s stock valued at $4,649,814,000 after purchasing an additional 649,323 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Buying and Selling

In other Airbnb news, Director Joseph Gebbia sold 58,000 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $130.56, for a total value of $7,572,480.00. Following the sale, the director directly owned 634,015 shares in the company, valued at $82,776,998.40. This trade represents a 8.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction of $17,204,043.48. Following the transaction, 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. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 681,643 shares of company stock valued at $87,136,680. Insiders own 27.91% of the company’s stock.

Airbnb Stock Up 1.9%

Shares of Airbnb stock opened at $135.54 on Thursday. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $143.88. The stock has a 50 day moving average price of $130.64 and a two-hundred day moving average price of $126.44. The stock has a market capitalization of $82.50 billion, a P/E ratio of 33.55, a PEG ratio of 1.50 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last released its quarterly 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). The firm had revenue of $2.78 billion during 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 company’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 EPS. Sell-side analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on ABNB. 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 research report on Tuesday, January 6th. Cantor Fitzgerald set a $121.00 price target on Airbnb in a research note on Friday, February 13th. Citigroup upgraded Airbnb from a “neutral” rating to an “outperform” rating in a report on Wednesday, February 4th. Mizuho lifted their target price on shares of Airbnb from $156.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, BNP Paribas Exane started coverage on shares of Airbnb in a research report on Monday, November 24th. They issued a “hold” rating for the company. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $149.42.

Airbnb Company 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.