Airbnb, Inc. $ABNB Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 42.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 810,735 shares of the company’s stock after acquiring an additional 241,140 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Airbnb were worth $98,439,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ABNB. Harris Associates L P increased its position in Airbnb by 43.2% during the second quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock worth $1,884,168,000 after purchasing an additional 4,292,383 shares during the last quarter. Norges Bank purchased a new stake in shares of Airbnb during the 2nd quarter valued at $483,644,000. Amundi grew its stake in shares of Airbnb by 112.3% during the 2nd quarter. Amundi now owns 2,670,251 shares of the company’s stock valued at $361,525,000 after buying an additional 1,412,608 shares during the period. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Airbnb during the 2nd quarter worth $170,189,000. Finally, Bank of Nova Scotia raised its position in shares of Airbnb by 1,232.7% in the 2nd quarter. Bank of Nova Scotia now owns 956,188 shares of the company’s stock worth $126,542,000 after buying an additional 884,439 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $138.02 on Wednesday. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93. The company has a market capitalization of $84.96 billion, a price-to-earnings ratio of 32.78, a PEG ratio of 2.11 and a beta of 1.09. The business has a 50-day moving average of $125.85 and a 200-day moving average of $127.50.

Airbnb (NASDAQ:ABNB) last announced 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). The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.13 earnings per share. Research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Activity at Airbnb

In other news, CEO Brian Chesky sold 51,230 shares of the business’s stock in a transaction 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. The trade was a 52.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 2,565 shares of the firm’s stock in a transaction on Friday, December 19th. The shares were sold at an average price of $134.79, for a total transaction of $345,736.35. Following the sale, the chief technology officer directly owned 165,086 shares of the company’s stock, valued at approximately $22,251,941.94. The trade was a 1.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,580,356 shares of company stock valued at $193,618,015. 27.83% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Mizuho set a $156.00 target price on Airbnb in a report on Friday, November 7th. DA Davidson restated a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a report on Friday, December 5th. Wells Fargo & Company lifted their price objective on Airbnb from $111.00 to $118.00 and gave the company an “underweight” rating in a research note on Monday, December 1st. Jefferies Financial Group increased their target price on shares of Airbnb from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Finally, Sanford C. Bernstein cut their price target on shares of Airbnb from $165.00 to $162.00 and set an “outperform” rating on the stock in a report on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, nineteen have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $144.36.

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.