ASR Vermogensbeheer N.V. Grows Stake in Airbnb, Inc. $ABNB

Key Points

• ASR Vermogensbeheer N.V. increased its stake in Airbnb by 5.3% during the second quarter, owning 42,747 shares valued at approximately $5.7 million.
• Airbnb's recent earnings report showed an EPS of $1.03, exceeding estimates, with revenue rising 12.7% year-over-year to $3.10 billion.
• Analyst ratings for Airbnb include three Strong Buy ratings, while the average target price sits at $141.81, reflecting mixed sentiments from investors.

ASR Vermogensbeheer N.V. boosted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 5.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,747 shares of the company's stock after acquiring an additional 2,142 shares during the quarter. ASR Vermogensbeheer N.V.'s holdings in Airbnb were worth $5,657,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ABNB. Kentucky Trust Co bought a new position in shares of Airbnb during the 2nd quarter valued at approximately $25,000. Stonebridge Financial Group LLC increased its position in Airbnb by 75.7% during the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock valued at $29,000 after acquiring an additional 106 shares during the last quarter. Bartlett & CO. Wealth Management LLC raised its stake in shares of Airbnb by 209.6% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock valued at $31,000 after acquiring an additional 174 shares during the period. Armstrong Advisory Group Inc. lifted its holdings in shares of Airbnb by 363.6% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company's stock worth $34,000 after acquiring an additional 200 shares during the last quarter. Finally, SouthState Corp boosted its stake in shares of Airbnb by 216.1% during the 1st quarter. SouthState Corp now owns 294 shares of the company's stock worth $35,000 after purchasing an additional 201 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ABNB has been the topic of several analyst reports. Wells Fargo & Company set a $110.00 price target on shares of Airbnb and gave the company an "underweight" rating in a report on Thursday, August 7th. Barclays set a $105.00 target price on Airbnb and gave the company an "underweight" rating in a research note on Thursday, August 7th. Wedbush decreased their price target on Airbnb from $135.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Weiss Ratings restated a "hold (c)" rating on shares of Airbnb in a report on Saturday, September 27th. Finally, Jefferies Financial Group reduced their target price on Airbnb from $165.00 to $160.00 and set a "buy" rating on the stock in a research note on Monday, August 11th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $141.81.

Airbnb Stock Down 1.0%

ABNB opened at $120.22 on Friday. The stock's fifty day moving average is $125.86 and its two-hundred day moving average is $127.57. The company has a market capitalization of $74.71 billion, a P/E ratio of 29.11, a PEG ratio of 2.22 and a beta of 1.10. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93.

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

Insider Buying and Selling at Airbnb

In other news, CFO Elinor Mertz sold 6,250 shares of the business's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $135.86, for a total value of $849,125.00. Following the completion of the sale, the chief financial officer owned 461,361 shares in the company, valued at approximately $62,680,505.46. The trade was a 1.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO David C. Bernstein sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $142.00, for a total transaction of $710,000.00. Following the completion of the sale, the chief accounting officer directly owned 42,619 shares of the company's stock, valued at $6,051,898. The trade was a 10.50% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,673,726 shares of company stock valued at $215,816,143. Company insiders own 27.91% of the company's stock.

Airbnb Company Profile

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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