J. Safra Sarasin Holding AG Makes New $2.12 Million Investment in Airbnb, Inc. $ABNB

Key Points

• J. Safra Sarasin Holding AG invested approximately $2.12 million in Airbnb, acquiring 16,029 shares during the 2nd quarter.
• Institutional investors own 80.76% of Airbnb's stock, with notable increases in holdings from firms like Vanguard Group and Harris Associates.
• Airbnb's stock has experienced a considerable price fluctuation, with a 52-week range between $99.88 and $163.93, and currently sits at approximately $120.22.

J. Safra Sarasin Holding AG acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,029 shares of the company's stock, valued at approximately $2,121,000.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Airbnb by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 37,462,629 shares of the company's stock worth $4,475,286,000 after acquiring an additional 604,120 shares during the last quarter. Harris Associates L P grew its holdings in shares of Airbnb by 86.0% during the first quarter. Harris Associates L P now owns 9,944,948 shares of the company's stock worth $1,188,024,000 after purchasing an additional 4,598,125 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Airbnb by 2.5% during the first quarter. Northern Trust Corp now owns 4,402,970 shares of the company's stock worth $525,979,000 after purchasing an additional 106,135 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Airbnb by 81.0% during the first quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company's stock worth $500,755,000 after purchasing an additional 1,916,676 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of Airbnb by 74.4% during the first quarter. Principal Financial Group Inc. now owns 3,255,682 shares of the company's stock worth $388,924,000 after purchasing an additional 1,389,251 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Insider Transactions at Airbnb

In other Airbnb news, CAO David C. Bernstein sold 5,000 shares of Airbnb stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $142.00, for a total transaction of $710,000.00. Following the transaction, the chief accounting officer directly owned 42,619 shares in the company, valued at approximately $6,051,898. The trade was a 10.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $125.36, for a total value of $29,584,960.00. Following the transaction, the director owned 15 shares in the company, valued at approximately $1,880.40. This represents a 99.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,673,726 shares of company stock valued at $215,816,143 over the last three months. 27.91% of the stock is currently owned by corporate insiders.

Airbnb Price Performance

Airbnb stock opened at $120.22 on Friday. The company's 50 day simple moving average is $125.86 and its 200 day simple moving average is $127.57. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The firm has a market capitalization of $74.71 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 2.22 and a beta of 1.10.

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 the consensus estimate of $0.92 by $0.11. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. Airbnb's quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 EPS. As a group, analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on ABNB. Wedbush decreased their price objective on shares of Airbnb from $135.00 to $130.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. Morgan Stanley decreased their price target on shares of Airbnb from $130.00 to $120.00 and set an "underweight" rating on the stock in a research note on Thursday, August 7th. Wells Fargo & Company set a $110.00 price target on shares of Airbnb and gave the company an "underweight" rating in a research note on Thursday, August 7th. Jefferies Financial Group decreased their price objective on Airbnb from $165.00 to $160.00 and set a "buy" rating on the stock in a research report on Monday, August 11th. Finally, Truist Financial decreased their price objective on Airbnb from $106.00 to $104.00 and set a "sell" rating on the stock in a research report on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nineteen have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $141.81.

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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