Savant Capital LLC Sells 5,103 Shares of Airbnb, Inc. $ABNB

Savant Capital LLC lowered its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 29.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,384 shares of the company’s stock after selling 5,103 shares during the period. Savant Capital LLC’s holdings in Airbnb were worth $1,504,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of ABNB. Fort Washington Investment Advisors Inc. OH raised its holdings in Airbnb by 3.5% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 962,551 shares of the company’s stock worth $116,873,000 after buying an additional 32,501 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Airbnb by 1.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,925,689 shares of the company’s stock worth $387,186,000 after acquiring an additional 31,120 shares in the last quarter. Cerity Partners LLC increased its position in shares of Airbnb by 18.1% during the third quarter. Cerity Partners LLC now owns 364,824 shares of the company’s stock worth $44,297,000 after acquiring an additional 55,838 shares in the last quarter. National Pension Service raised its holdings in shares of Airbnb by 1.1% during the third quarter. National Pension Service now owns 1,096,411 shares of the company’s stock worth $133,126,000 after acquiring an additional 12,453 shares during the period. Finally, Abacus FCF Advisors LLC lifted its position in Airbnb by 7.8% in the 3rd quarter. Abacus FCF Advisors LLC now owns 135,577 shares of the company’s stock valued at $16,462,000 after acquiring an additional 9,864 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Brian Chesky sold 51,230 shares of the business’s stock in a transaction dated 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 in the company, valued at $6,014,210.64. The trade was a 52.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph Gebbia sold 232,000 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $114.22, for a total transaction of $26,499,040.00. Following the completion of the sale, the director directly owned 15 shares in the company, valued at approximately $1,713.30. The trade was a 99.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 970,022 shares of company stock worth $120,106,336. Insiders own 27.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ABNB. BTIG Research reiterated a “neutral” rating on shares of Airbnb in a report on Friday, November 7th. Truist Financial lifted their target price on Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a research report on Thursday, December 4th. KeyCorp assumed coverage on Airbnb in a research note on Thursday, October 23rd. They issued a “sector weight” rating on the stock. Barclays set a $120.00 price target on shares of Airbnb and gave the stock an “equal weight” rating in a research note on Friday, January 9th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Airbnb in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nineteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and a consensus price target of $148.85.

Airbnb Stock Down 0.7%

Shares of Airbnb stock opened at $121.31 on Tuesday. The stock has a market cap of $74.67 billion, a P/E ratio of 28.81, a P/E/G ratio of 1.89 and a beta of 1.15. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The business’s 50 day moving average is $131.38 and its 200-day moving average is $126.67.

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.