Markel Group Inc. Has $21.96 Million Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Markel Group Inc. raised its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 59.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 183,820 shares of the company's stock after purchasing an additional 68,510 shares during the period. Markel Group Inc.'s holdings in Airbnb were worth $21,959,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in Airbnb by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company's stock valued at $1,244,514,000 after buying an additional 72,991 shares during the period. Clearbridge Investments LLC grew its position in shares of Airbnb by 147.3% during the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock worth $571,505,000 after buying an additional 2,590,475 shares in the last quarter. Northern Trust Corp grew its position in shares of Airbnb by 8.4% during the fourth quarter. Northern Trust Corp now owns 4,296,835 shares of the company's stock worth $564,647,000 after buying an additional 331,607 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Airbnb by 15.5% during the fourth quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company's stock worth $548,683,000 after buying an additional 558,856 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Airbnb during the fourth quarter worth about $433,374,000. Hedge funds and other institutional investors own 80.76% of the company's stock.

Insider Activity at Airbnb

In other Airbnb news, CEO Brian Chesky sold 8,000 shares of Airbnb stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $128.33, for a total transaction of $1,026,640.00. Following the sale, the chief executive officer owned 40,800 shares of the company's stock, valued at $5,235,864. The trade was a 16.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $128.66, for a total value of $30,363,760.00. Following the sale, the director directly owned 1,416,015 shares in the company, valued at $182,184,489.90. The trade was a 14.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,629,043 shares of company stock worth $210,678,753 in the last 90 days. 27.91% of the stock is currently owned by company insiders.

Airbnb Stock Performance

Shares of NASDAQ:ABNB traded up $0.04 during mid-day trading on Friday, hitting $139.34. 2,981,869 shares of the company traded hands, compared to its average volume of 5,039,366. The firm has a market cap of $87.28 billion, a P/E ratio of 35.19, a PEG ratio of 2.61 and a beta of 1.13. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The firm's 50 day simple moving average is $134.35 and its 200 day simple moving average is $130.79.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). Airbnb had a return on equity of 30.91% and a net margin of 22.60%. The business had revenue of $2.27 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter in the prior year, the firm earned $0.41 earnings per share. Airbnb's revenue for the quarter was up 7.4% compared to the same quarter last year. Equities research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ABNB. Canaccord Genuity Group decreased their price objective on Airbnb from $190.00 to $180.00 and set a "buy" rating for the company in a report on Monday, April 28th. UBS Group decreased their price objective on Airbnb from $160.00 to $138.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Robert W. Baird decreased their price objective on Airbnb from $175.00 to $160.00 and set an "outperform" rating for the company in a report on Tuesday, March 25th. Wells Fargo & Company increased their price objective on Airbnb from $104.00 to $111.00 and gave the company an "underweight" rating in a report on Monday, July 7th. Finally, Evercore ISI decreased their price objective on Airbnb from $165.00 to $145.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Airbnb has a consensus rating of "Hold" and a consensus target price of $141.50.

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.