KBC Group NV Sells 4,311 Shares of Airbnb, Inc. $ABNB

KBC Group NV decreased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 3.8% during the 1st quarter, Holdings Channel reports. The firm owned 110,364 shares of the company’s stock after selling 4,311 shares during the period. KBC Group NV’s holdings in Airbnb were worth $13,937,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ABNB. SEB Asset Management AB bought a new stake in Airbnb during the first quarter worth $29,394,000. Swiss National Bank grew its position in shares of Airbnb by 7.4% in the 1st quarter. Swiss National Bank now owns 1,262,900 shares of the company’s stock valued at $159,479,000 after acquiring an additional 86,600 shares during the period. AIA Group Ltd grew its position in shares of Airbnb by 16.6% in the 1st quarter. AIA Group Ltd now owns 59,100 shares of the company’s stock valued at $7,463,000 after acquiring an additional 8,400 shares during the period. Mediolanum International Funds Ltd increased its stake in shares of Airbnb by 5.8% during the 1st quarter. Mediolanum International Funds Ltd now owns 114,397 shares of the company’s stock worth $14,082,000 after purchasing an additional 6,294 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Airbnb by 9,331.0% during the 1st quarter. Jennison Associates LLC now owns 3,172,959 shares of the company’s stock worth $400,681,000 after purchasing an additional 3,139,315 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

Shares of ABNB stock opened at $144.10 on Wednesday. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $150.88. The company has a market capitalization of $86.85 billion, a price-to-earnings ratio of 35.49, a PEG ratio of 1.55 and a beta of 1.14. The company has a 50-day simple moving average of $139.46 and a 200 day simple moving average of $134.52. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.05). The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The company’s revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the business earned $0.24 earnings per share. On average, sell-side analysts predict that Airbnb, Inc. will post 4.92 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ABNB shares. Weiss Ratings upgraded shares of Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 12th. Wells Fargo & Company boosted their price target on Airbnb from $178.00 to $181.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Susquehanna upped their price objective on Airbnb from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Friday, May 8th. DA Davidson raised their price objective on Airbnb from $150.00 to $162.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, Barclays lifted their target price on Airbnb from $122.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.65.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 265,746 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $132.22, for a total transaction of $35,136,936.12. Following the transaction, the chief executive officer owned 11,206,389 shares in the company, valued at $1,481,708,753.58. This trade represents a 2.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nathan Blecharczyk sold 88,366 shares of Airbnb stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $145.81, for a total value of $12,884,646.46. Following the sale, the insider directly owned 12,370 shares of the company’s stock, valued at $1,803,669.70. This represents a 87.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,231,864 shares of company stock valued at $308,474,278 in the last ninety days. 27.21% of the stock is currently owned by corporate insiders.

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.