Markel Group Inc. Has $27.58 Million Stock Holdings in Airbnb, Inc. $ABNB

Markel Group Inc. boosted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 7.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 227,133 shares of the company’s stock after buying an additional 15,130 shares during the quarter. Markel Group Inc.’s holdings in Airbnb were worth $27,578,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ABNB. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of 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 last quarter. Concord Wealth Partners acquired a new stake in shares of Airbnb in the second quarter valued at about $28,000. Whipplewood Advisors LLC raised its position in shares of Airbnb by 235.3% during the second quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock worth $30,000 after acquiring an additional 160 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Airbnb in the third quarter worth approximately $32,000. Finally, NewSquare Capital LLC lifted its stake in shares of Airbnb by 86.4% in the second quarter. NewSquare Capital LLC now owns 287 shares of the company’s stock worth $38,000 after acquiring an additional 133 shares during the period. 80.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ABNB. UBS Group set a $130.00 target price on shares of Airbnb in a research report on Tuesday, January 13th. Mizuho set a $156.00 price objective on shares of Airbnb in a research report on Friday, November 7th. KeyCorp began coverage on shares of Airbnb in a research note on Thursday, October 23rd. They set a “sector weight” rating for the company. DA Davidson reaffirmed a “buy” rating and set a $155.00 price target on shares of Airbnb in a research report on Friday, December 5th. Finally, Wells Fargo & Company set a $128.00 price target on Airbnb and gave the stock an “equal weight” rating in a report on Friday, January 9th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $147.84.

Insider Transactions at Airbnb

In other news, CFO Elinor Mertz sold 3,750 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $135.94, for a total transaction of $509,775.00. Following the completion of the sale, the chief financial officer owned 414,280 shares in the company, valued at $56,317,223.20. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Joseph Gebbia sold 58,000 shares of the company’s stock in a transaction that occurred on Monday, January 12th. The stock was sold at an average price of $138.45, for a total value of $8,030,100.00. Following the transaction, the director directly owned 518,015 shares in the company, valued at $71,719,176.75. The trade was a 10.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,144,872 shares of company stock worth $140,439,638. 27.83% of the stock is currently owned by insiders.

Airbnb Trading Up 0.9%

NASDAQ:ABNB opened at $133.39 on Tuesday. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The stock has a market capitalization of $82.11 billion, a price-to-earnings ratio of 31.68, a PEG ratio of 2.05 and a beta of 1.09. The firm has a fifty day simple moving average of $129.18 and a two-hundred day simple moving average of $127.50.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.08 billion. Airbnb had a return on equity of 32.14% and a net margin of 22.03%.Airbnb’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the company earned $2.13 EPS. Equities analysts predict that Airbnb, Inc. will post 4.31 earnings per share 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.