Airbnb, Inc. $ABNB Holdings Boosted by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH raised its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 3.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 962,551 shares of the company’s stock after purchasing an additional 32,501 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned 0.15% of Airbnb worth $116,873,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of ABNB. Vanguard Group Inc. raised its position in Airbnb by 0.5% during the second quarter. Vanguard Group Inc. now owns 37,645,965 shares of the company’s stock valued at $4,982,067,000 after buying an additional 183,336 shares during the period. Harris Associates L P grew its stake in 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 acquiring an additional 4,292,383 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Airbnb by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 9,942,423 shares of the company’s stock valued at $1,314,057,000 after purchasing an additional 145,788 shares during the period. AQR Capital Management LLC increased its holdings in shares of Airbnb by 81.0% in the 1st quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock valued at $500,755,000 after purchasing an additional 1,916,676 shares during the period. Finally, Norges Bank purchased a new stake in shares of Airbnb in the second quarter worth approximately $483,644,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ABNB. BNP Paribas Exane assumed coverage on shares of Airbnb in a research report on Monday, November 24th. They set a “neutral” rating on the stock. Wells Fargo & Company lifted their target price on shares of Airbnb from $111.00 to $118.00 and gave the company an “underweight” rating in a research note on Monday, December 1st. Barclays upped their price target on shares of Airbnb from $105.00 to $107.00 and gave the stock an “underweight” rating in a research note on Friday, November 7th. DA Davidson reissued a “buy” rating and set a $155.00 price objective on shares of Airbnb in a research report on Friday, December 5th. Finally, UBS Group boosted their target price on Airbnb from $145.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nineteen have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $144.48.

Insider Activity at Airbnb

In other news, insider Nathan Blecharczyk sold 141,063 shares of Airbnb stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $121.96, for a total value of $17,204,043.48. Following the transaction, the insider owned 11,520 shares of the company’s stock, valued at $1,404,979.20. This trade represents a 92.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 51,230 shares of the business’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $131.16, for a total transaction of $6,719,326.80. Following the completion of the sale, the chief executive officer owned 45,854 shares of the company’s stock, valued at $6,014,210.64. The trade was a 52.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,518,606 shares of company stock valued at $185,179,640. Corporate insiders own 27.83% of the company’s stock.

Airbnb Trading Down 0.1%

ABNB stock opened at $136.62 on Tuesday. The firm has a market cap of $84.10 billion, a PE ratio of 32.45, a PEG ratio of 2.41 and a beta of 1.11. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The company has a fifty day simple moving average of $124.92 and a 200 day simple moving average of $127.41.

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

About Airbnb

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.