Victory Capital Management Inc. Increases Stock Position in Airbnb, Inc. $ABNB

Victory Capital Management Inc. grew its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 14.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,529,652 shares of the company’s stock after purchasing an additional 195,055 shares during the quarter. Victory Capital Management Inc.’s holdings in Airbnb were worth $185,730,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Caxton Associates LLP purchased a new stake in Airbnb in the 1st quarter valued at about $258,000. Intech Investment Management LLC raised its stake in shares of Airbnb by 55.8% in the 1st quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock valued at $1,453,000 after acquiring an additional 4,353 shares during the period. Sivia Capital Partners LLC lifted its holdings in shares of Airbnb by 18.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock valued at $776,000 after acquiring an additional 927 shares in the last quarter. Spire Wealth Management boosted its position in Airbnb by 14.4% during the 2nd quarter. Spire Wealth Management now owns 1,040 shares of the company’s stock worth $138,000 after purchasing an additional 131 shares during the period. Finally, GHP Investment Advisors Inc. increased its holdings in Airbnb by 502.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 608 shares of the company’s stock valued at $80,000 after purchasing an additional 507 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Stock Performance

Shares of Airbnb stock opened at $133.04 on Wednesday. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $143.88. The firm’s 50-day simple moving average is $130.66 and its 200-day simple moving average is $126.37. The firm has a market cap of $80.98 billion, a PE ratio of 32.93, a price-to-earnings-growth ratio of 1.50 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.71 billion. Airbnb had a return on equity of 30.88% and a net margin of 20.51%.The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the business posted $0.73 earnings per share. On average, equities analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Transactions at Airbnb

In other news, CEO Brian Chesky sold 51,230 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $131.16, for a total value of $6,719,326.80. Following the completion of the sale, the chief executive officer directly owned 45,854 shares in the company, valued at approximately $6,014,210.64. The trade was a 52.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph Gebbia sold 58,000 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $130.56, for a total value of $7,572,480.00. Following the transaction, the director owned 634,015 shares in the company, valued at $82,776,998.40. This trade represents a 8.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 755,420 shares of company stock worth $95,992,734. 27.83% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ABNB has been the topic of a number of recent research reports. BTIG Research restated a “neutral” rating on shares of Airbnb in a research note on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Airbnb in a research report on Wednesday, January 21st. Barclays increased their price objective on shares of Airbnb from $120.00 to $122.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft raised shares of Airbnb from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research report on Friday, February 13th. Finally, Truist Financial raised their price target on shares of Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a report on Thursday, December 4th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Airbnb presently has a consensus rating of “Hold” and a consensus target price of $149.42.

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.