Aberdeen Group plc Sells 28,832 Shares of Airbnb, Inc. $ABNB

Key Points

• Aberdeen Group plc trimmed its Airbnb stake by 8.2%, selling 28,832 shares and leaving it with 322,132 shares valued at about $43.72 million.
• Company insiders have been net sellers recently: CFO Elinor Mertz sold 3,750 shares and Director Joseph Gebbia sold 58,000 shares, with insiders offloading a total of 359,760 shares worth roughly $46.67 million over the past 90 days (insiders now own 27.91%).
• Analysts hold a consensus "Hold" rating with an average price target of $147.92, while Airbnb's latest quarter showed an EPS miss ($0.56 vs. $0.66) but revenue rose 12.9% to $2.78 billion.

Aberdeen Group plc lowered its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 322,132 shares of the company's stock after selling 28,832 shares during the quarter. Aberdeen Group plc owned approximately 0.05% of Airbnb worth $43,720,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in ABNB. Vanguard Group Inc. lifted its stake in Airbnb by 1.7% in the third quarter. Vanguard Group Inc. now owns 38,295,288 shares of the company's stock valued at $4,649,814,000 after purchasing an additional 649,323 shares during the last quarter. Harris Associates L P grew its stake in shares of Airbnb by 43.2% during the 2nd quarter. Harris Associates L P now owns 14,237,331 shares of the company's stock worth $1,884,168,000 after acquiring an additional 4,292,383 shares during the period. AQR Capital Management LLC grew its stake in shares of Airbnb by 58.6% during the 3rd quarter. AQR Capital Management LLC now owns 4,269,937 shares of the company's stock worth $518,456,000 after acquiring an additional 1,577,338 shares during the period. Independent Franchise Partners LLP purchased a new stake in Airbnb in the 3rd quarter worth about $505,672,000. Finally, Akre Capital Management LLC increased its holdings in Airbnb by 19.0% in the 2nd quarter. Akre Capital Management LLC now owns 3,473,243 shares of the company's stock worth $459,649,000 after acquiring an additional 555,510 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

Insider Buying and Selling

In other news, CFO Elinor Mertz sold 3,750 shares of Airbnb stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $130.00, for a total transaction of $487,500.00. Following the completion of the sale, the chief financial officer owned 402,417 shares in the company, valued at approximately $52,314,210. This trade represents a 0.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joseph Gebbia sold 58,000 shares of the business's stock in a transaction dated Monday, January 26th. The stock was sold at an average price of $133.28, for a total value of $7,730,240.00. Following the transaction, the director directly owned 460,015 shares of the company's stock, valued at $61,310,799.20. The trade was a 11.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 359,760 shares of company stock worth $46,669,275 over the last ninety days. 27.91% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on ABNB shares. Barclays upped their price objective on shares of Airbnb from $120.00 to $122.00 and gave the company an "equal weight" rating in a report on Friday, February 13th. BMO Capital Markets lifted their target price 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. B. Riley Financial upgraded shares of Airbnb from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $140.00 to $170.00 in a research note on Monday, January 12th. Royal Bank Of Canada reissued an "outperform" rating on shares of Airbnb in a report on Wednesday, January 14th. Finally, UBS Group increased their target price on Airbnb from $147.00 to $149.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $147.92.

Airbnb Price Performance

NASDAQ ABNB opened at $124.95 on Friday. The company's 50 day simple moving average is $128.06 and its two-hundred day simple moving average is $126.97. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $143.88. The stock has a market capitalization of $76.06 billion, a PE ratio of 30.93, a P/E/G ratio of 1.53 and a beta of 1.15.

Airbnb (NASDAQ:ABNB - Get Free Report) last released 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 for the quarter, compared to analysts' expectations of $2.71 billion. Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The firm's revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.73 earnings per share. On average, research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Airbnb Company 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.

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