Geo Capital Gestora de Recursos Ltd Has $3.36 Million Stake in Airbnb, Inc. $ABNB

Geo Capital Gestora de Recursos Ltd lessened its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 33.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 27,690 shares of the company’s stock after selling 13,656 shares during the quarter. Airbnb accounts for approximately 6.2% of Geo Capital Gestora de Recursos Ltd’s investment portfolio, making the stock its 6th largest holding. Geo Capital Gestora de Recursos Ltd’s holdings in Airbnb were worth $3,362,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Fort Washington Investment Advisors Inc. OH increased its stake in Airbnb by 3.5% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 962,551 shares of the company’s stock valued at $116,873,000 after acquiring an additional 32,501 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in 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 purchasing an additional 31,120 shares during the period. Sumitomo Life Insurance Co. boosted its holdings in Airbnb by 15.0% during the third quarter. Sumitomo Life Insurance Co. now owns 66,071 shares of the company’s stock valued at $8,022,000 after purchasing an additional 8,636 shares in the last quarter. Cerity Partners LLC grew its stake in shares of Airbnb by 18.1% in the 3rd quarter. Cerity Partners LLC now owns 364,824 shares of the company’s stock valued at $44,297,000 after purchasing an additional 55,838 shares during the period. Finally, National Pension Service grew its stake in shares of Airbnb by 1.1% in the 3rd quarter. National Pension Service now owns 1,096,411 shares of the company’s stock valued at $133,126,000 after purchasing an additional 12,453 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on ABNB shares. Mizuho boosted their price target on Airbnb from $156.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday. Jefferies Financial Group lifted their price objective on Airbnb from $160.00 to $165.00 and gave the company a “buy” rating in a report on Friday, December 5th. Citizens Jmp upgraded shares of Airbnb from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a research note on Wednesday, February 4th. BTIG Research restated a “neutral” rating on shares of Airbnb in a research report on Friday, November 7th. Finally, BMO Capital Markets upped their price objective on shares of Airbnb from $130.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $149.42.

Insider Activity at Airbnb

In other news, CTO Aristotle N. Balogh sold 2,565 shares of Airbnb stock in a transaction on Friday, December 19th. The stock was sold at an average price of $134.79, for a total value of $345,736.35. Following the completion of the sale, the chief technology officer directly owned 165,086 shares of the company’s stock, valued at approximately $22,251,941.94. This trade represents a 1.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 58,000 shares of the company’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $121.97, for a total value of $7,074,260.00. Following the transaction, the director directly owned 344,015 shares in the company, valued at $41,959,509.55. This trade represents a 14.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 681,643 shares of company stock worth $87,136,680. 27.91% of the stock is currently owned by company insiders.

Airbnb Stock Up 1.9%

Airbnb stock opened at $135.54 on Thursday. The stock has a 50-day simple moving average of $130.64 and a 200 day simple moving average of $126.44. The stock has a market capitalization of $82.50 billion, a price-to-earnings ratio of 33.55, a P/E/G ratio of 1.50 and a beta of 1.12. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $143.88.

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

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.