Banco Santander S.A. Increases Stake in Airbnb, Inc. (NASDAQ:ABNB)

Key Points

• Banco Santander S.A. significantly increased its holdings in Airbnb by 345.9%, acquiring an additional 9,813 shares, bringing its total to 12,650 shares valued at approximately $1.51 million.
• Institutional investors now own 80.76% of Airbnb's stock, indicating strong interest from large financial entities.
• Airbnb's recent quarterly earnings showed a net margin of 22.60% but fell short of earnings estimates, reporting $0.24 EPS against a consensus of $0.25 EPS.

Banco Santander S.A. boosted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 345.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,650 shares of the company's stock after buying an additional 9,813 shares during the quarter. Banco Santander S.A.'s holdings in Airbnb were worth $1,511,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Park Square Financial Group LLC purchased a new position in Airbnb during the fourth quarter valued at approximately $26,000. Orion Capital Management LLC purchased a new position in Airbnb during the fourth quarter valued at approximately $28,000. Stonebridge Financial Group LLC lifted its holdings 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 purchasing an additional 106 shares in the last quarter. Bartlett & CO. Wealth Management LLC lifted its holdings in Airbnb by 209.6% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock valued at $31,000 after purchasing an additional 174 shares in the last quarter. Finally, BankPlus Trust Department purchased a new position in Airbnb during the first quarter valued at approximately $43,000. 80.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ABNB has been the topic of several analyst reports. Canaccord Genuity Group lowered their price target on shares of Airbnb from $190.00 to $180.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Piper Sandler lowered their target price on shares of Airbnb from $145.00 to $132.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. BTIG Research reissued a "neutral" rating on shares of Airbnb in a report on Wednesday, May 28th. Susquehanna lowered their target price on shares of Airbnb from $200.00 to $150.00 and set a "positive" rating on the stock in a report on Monday, May 5th. Finally, Morgan Stanley lowered their target price on shares of Airbnb from $130.00 to $120.00 and set an "underweight" rating on the stock in a report on Thursday. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $141.80.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $139.39, for a total transaction of $83,634.00. Following the completion of the sale, the chief technology officer directly owned 209,777 shares of the company's stock, valued at approximately $29,240,816.03. This represents a 0.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $129.71, for a total transaction of $30,611,560.00. Following the sale, the director directly owned 236,015 shares of the company's stock, valued at approximately $30,613,505.65. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,671,023 shares of company stock valued at $223,195,427 in the last ninety days. 27.91% of the stock is owned by insiders.

Airbnb Trading Down 8.0%

Shares of NASDAQ ABNB traded down $10.47 during mid-day trading on Thursday, reaching $120.03. The company had a trading volume of 17,491,473 shares, compared to its average volume of 5,317,545. The business's 50-day moving average is $135.27 and its 200-day moving average is $131.16. The stock has a market cap of $75.19 billion, a price-to-earnings ratio of 30.31, a price-to-earnings-growth ratio of 2.42 and a beta of 1.13. 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 released its quarterly earnings data on Wednesday, August 6th. The company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.11. Airbnb had a net margin of 22.60% and a return on equity of 30.91%. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period in the prior year, the firm earned $0.86 earnings per share. The firm's revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, equities research analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Airbnb 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.