Airbnb, Inc. $ABNB Position Increased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 61.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,201,279 shares of the company’s stock after purchasing an additional 835,208 shares during the quarter. Robeco Institutional Asset Management B.V. owned approximately 0.37% of Airbnb worth $353,635,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its position in Airbnb by 80.6% in the 2nd quarter. Wellington Management Group LLP now owns 5,785,665 shares of the company’s stock worth $827,929,000 after buying an additional 2,581,539 shares in the last quarter. Amundi increased its stake in shares of Airbnb by 8.6% in the first quarter. Amundi now owns 4,686,765 shares of the company’s stock worth $591,845,000 after acquiring an additional 370,426 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Airbnb by 114.6% in the third quarter. Assenagon Asset Management S.A. now owns 3,401,521 shares of the company’s stock worth $546,454,000 after acquiring an additional 1,816,522 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Airbnb by 9,331.0% in the first quarter. Jennison Associates LLC now owns 3,172,959 shares of the company’s stock worth $400,681,000 after acquiring an additional 3,139,315 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Airbnb during the second quarter worth $330,085,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Nathan Blecharczyk sold 13,615 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $165.18, for a total value of $2,248,925.70. Following the transaction, the insider directly owned 20,567 shares of the company’s stock, valued at approximately $3,397,257.06. This trade represents a 39.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO David C. Bernstein sold 1,369 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $168.01, for a total value of $230,005.69. Following the completion of the sale, the chief accounting officer owned 45,655 shares of the company’s stock, valued at approximately $7,670,496.55. This trade represents a 2.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,550,715 shares of company stock valued at $269,396,918. 27.21% of the stock is currently owned by corporate insiders.

Airbnb Stock Performance

Shares of ABNB opened at $176.94 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $193.45. The company’s fifty day moving average is $172.53 and its 200-day moving average is $152.18. The firm has a market cap of $105.95 billion, a price-to-earnings ratio of 40.21, a price-to-earnings-growth ratio of 2.01 and a beta of 1.24.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, August 6th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.26 by $0.11. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The business’s quarterly revenue was up 16.3% on a year-over-year basis. Equities analysts expect that Airbnb, Inc. will post 5.28 EPS for the current fiscal year.

Key Airbnb News

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Recent momentum is attracting investor attention. Airbnb has gained about 10% over the past two weeks and 17% over the past month. Its asset-light business model, large cash position and potential benefit from higher interest income are being viewed as advantages in the current rate environment. Airbnb recent stock momentum
• Positive Sentiment: Analyst sentiment and business performance remain supportive. Airbnb recently exceeded quarterly earnings and revenue expectations, with revenue up 16.3% year over year. The company has an average analyst rating of “Moderate Buy,” while its consensus price target of $181.93 remains above recent trading levels. Airbnb analyst ratings and financial results
• Neutral Sentiment: Short-term rental demand appears healthy in some U.S. markets. A specialized brokerage said it has facilitated more than $500 million in Airbnb and short-term-rental property sales in Florida’s Destin, 30A and Panama City Beach markets. The activity suggests continued investor interest in Airbnb-related properties, though the transactions generate revenue for property sellers and brokers rather than directly for Airbnb. Short-term rental property sales in Florida
• Negative Sentiment: ETF selling and an executive stock sale could weigh modestly on sentiment. ETFs were net sellers of Airbnb shares on Friday. Separately, Chief Accounting Officer David Bernstein sold 1,369 shares for approximately $230,006, reducing his holdings by 2.91%; because he retained more than 45,000 shares, the transaction is unlikely to materially change the investment outlook. ETF selling of Airbnb shares Airbnb chief accounting officer stock sale

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Phillip Securities cut Airbnb from a “hold” rating to a “moderate sell” rating in a research report on Tuesday, August 11th. Evercore set a $200.00 target price on Airbnb in a research note on Monday, August 24th. Weiss Ratings raised Airbnb from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating in a research note on Friday, October 2nd. Finally, KeyCorp started coverage on Airbnb in a research note on Friday, October 2nd. They set a “sector weight” rating for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Airbnb has a consensus rating of “Moderate Buy” and an average target price of $181.93.

About Airbnb

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel activities with hosts and service providers. Its platform enables users to search for, book and review a broad range of stays, including private rooms, entire homes, apartments and other distinctive properties.

In addition to lodging, Airbnb offers experiences and activities hosted by local individuals and businesses. The company also provides tools and services that help hosts create listings, manage bookings, communicate with guests and receive payments.