Schroder Investment Management Group Sells 35,309 Shares of Airbnb, Inc. $ABNB

Schroder Investment Management Group trimmed its position in Airbnb, Inc. (NASDAQ:ABNB) by 6.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 515,175 shares of the company’s stock after selling 35,309 shares during the period. Schroder Investment Management Group owned about 0.08% of Airbnb worth $62,553,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Fort Washington Investment Advisors Inc. OH grew its position in shares of Airbnb by 3.5% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 962,551 shares of the company’s stock valued at $116,873,000 after acquiring an additional 32,501 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Airbnb by 1.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,925,689 shares of the company’s stock worth $387,186,000 after purchasing an additional 31,120 shares during the period. Sumitomo Life Insurance Co. raised its holdings in shares of Airbnb by 15.0% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 66,071 shares of the company’s stock worth $8,022,000 after purchasing an additional 8,636 shares during the period. Cerity Partners LLC lifted its stake in Airbnb by 18.1% in the third quarter. Cerity Partners LLC now owns 364,824 shares of the company’s stock valued at $44,297,000 after purchasing an additional 55,838 shares during the last quarter. Finally, National Pension Service lifted its stake in Airbnb by 1.1% in the third quarter. National Pension Service now owns 1,096,411 shares of the company’s stock valued at $133,126,000 after purchasing an additional 12,453 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling

In other news, Director Joseph Gebbia sold 58,000 shares of the firm’s stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $133.28, for a total value of $7,730,240.00. Following the completion of the transaction, the director directly owned 460,015 shares in the company, valued at approximately $61,310,799.20. This trade represents a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Chesky sold 51,230 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were 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 of the company’s stock, valued at approximately $6,014,210.64. This represents a 52.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 449,488 shares of company stock worth $58,706,854 over the last quarter. 27.83% of the stock is owned by corporate insiders.

Airbnb Price Performance

Airbnb stock opened at $132.44 on Wednesday. The firm has a market capitalization of $80.62 billion, a P/E ratio of 32.78, a PEG ratio of 1.51 and a beta of 1.12. Airbnb, Inc. has a one year low of $99.88 and a one year high of $143.88. The business has a fifty day moving average price of $130.42 and a 200-day moving average price of $126.64.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data 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 company 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 business’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.73 earnings per share. Sell-side analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ABNB shares. Argus raised Airbnb to a “strong-buy” rating in a research report on Tuesday, February 17th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Airbnb in a research note on Wednesday, January 14th. Sanford C. Bernstein decreased their price objective on Airbnb from $165.00 to $162.00 and set an “outperform” rating for the company in a report on Tuesday, January 6th. Truist Financial boosted their price objective on Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a research note on Thursday, December 4th. Finally, Barclays upped their price objective on shares of Airbnb from $120.00 to $122.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued 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 a consensus rating of “Hold” and a consensus target price 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.