Airbnb, Inc. $ABNB Stake Decreased by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in Airbnb, Inc. by 25.2%, selling 191,914 shares in the second quarter and holding 569,595 shares worth approximately $75.4 million.
• Analysts have mixed ratings on Airbnb, with the stock having a consensus rating of "Hold" and an average price target of $141.81, reflecting varying opinions on its future performance.
• Insider trading activity included significant sales from CFO Elinor Mertz and Director Joseph Gebbia, indicating a 1.03% and 20.07% decrease in their positions, respectively, as corporate insiders collectively own 27.91% of the company's stock.

Robeco Institutional Asset Management B.V. lessened its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 25.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 569,595 shares of the company's stock after selling 191,914 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.09% of Airbnb worth $75,380,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Hudson Value Partners LLC acquired a new position in shares of Airbnb during the second quarter valued at approximately $491,000. First Pacific Financial acquired a new position in shares of Airbnb during the second quarter valued at approximately $145,000. Trust Co. of Vermont increased its stake in shares of Airbnb by 13.5% during the second quarter. Trust Co. of Vermont now owns 2,892 shares of the company's stock valued at $383,000 after acquiring an additional 343 shares during the period. Impact Capital Partners LLC increased its stake in shares of Airbnb by 8.0% during the second quarter. Impact Capital Partners LLC now owns 2,811 shares of the company's stock valued at $372,000 after acquiring an additional 209 shares during the period. Finally, LBP AM SA increased its stake in shares of Airbnb by 338.6% during the second quarter. LBP AM SA now owns 102,158 shares of the company's stock valued at $13,520,000 after acquiring an additional 78,865 shares during the period. Institutional investors and hedge funds own 80.76% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Wedbush lowered their price objective on shares of Airbnb from $135.00 to $130.00 and set a "neutral" rating on the stock in a research note on Thursday, August 7th. JPMorgan Chase & Co. lifted their price target on shares of Airbnb from $120.00 to $130.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Barclays set a $105.00 price target on shares of Airbnb and gave the stock an "underweight" rating in a research report on Thursday, August 7th. Mizuho assumed coverage on shares of Airbnb in a research report on Monday. They issued an "outperform" rating and a $151.00 price target on the stock. Finally, Phillip Securities upgraded shares of Airbnb from a "moderate sell" rating to a "hold" rating in a research report on Friday, August 8th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eighteen have given a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat.com, Airbnb presently has a consensus rating of "Hold" and an average price target of $141.81.

Insider Activity at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 4,630 shares of Airbnb stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $128.42, for a total transaction of $594,584.60. Following the completion of the sale, the chief financial officer owned 444,070 shares of the company's stock, valued at $57,027,469.40. This trade represents a 1.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction on Monday, September 29th. The shares were sold at an average price of $123.57, for a total transaction of $29,162,520.00. Following the sale, the director directly owned 940,015 shares of the company's stock, valued at $116,157,653.55. This trade represents a 20.07% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,673,726 shares of company stock worth $215,816,143. Corporate insiders own 27.91% of the company's stock.

Airbnb Stock Performance

Airbnb stock opened at $121.49 on Friday. The company has a 50 day moving average price of $126.28 and a 200 day moving average price of $127.60. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The firm has a market capitalization of $75.50 billion, a price-to-earnings ratio of 29.42, a P/E/G ratio of 2.23 and a beta of 1.10.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.11. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same quarter last year, the business posted $0.86 EPS. The company's revenue was up 12.7% on a year-over-year basis. Equities analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.

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