Robeco Institutional Asset Management B.V. Boosts Stock Position in Airbnb, Inc. $ABNB

Key Points

• Robeco Institutional Asset Management increased its stake in Airbnb by 13.4% in Q4 to 919,764 shares (added 109,029 shares), holding about $124.8M of stock and roughly 0.15% of the company.
• Insider selling was notable: Director Joseph Gebbia sold 58,000 shares and CFO Elinor Mertz sold 3,750, with insiders selling a total of 363,510 shares (~$46.45M) in the last quarter while still owning 27.83% of the stock.
• Q4 results and analyst view: Airbnb missed EPS ($0.56 vs. $0.66 est.) but beat revenue ($2.78B, +12.9% YoY), and the sell‑side consensus is a "Hold" with a $149.40 average target price.

Robeco Institutional Asset Management B.V. grew its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 13.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 919,764 shares of the company's stock after buying an additional 109,029 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.15% of Airbnb worth $124,830,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Howard Capital Management Inc. increased its position in shares of Airbnb by 2.3% in the fourth quarter. Howard Capital Management Inc. now owns 12,024 shares of the company's stock valued at $1,632,000 after buying an additional 270 shares in the last quarter. Ritholtz Wealth Management increased its position in shares of Airbnb by 40.6% in the fourth quarter. Ritholtz Wealth Management now owns 6,674 shares of the company's stock valued at $906,000 after buying an additional 1,928 shares in the last quarter. Vested Financial Planning LLC increased its position in shares of Airbnb by 15.7% in the fourth quarter. Vested Financial Planning LLC now owns 2,143 shares of the company's stock valued at $291,000 after buying an additional 291 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Airbnb during the fourth quarter worth approximately $184,945,000. Finally, Venturi Wealth Management LLC increased its position in shares of Airbnb by 32.2% during the fourth quarter. Venturi Wealth Management LLC now owns 2,533 shares of the company's stock worth $344,000 after purchasing an additional 617 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Joseph Gebbia sold 58,000 shares of the company's stock in a transaction on Monday, January 26th. The stock was sold at an average price of $133.28, for a total value of $7,730,240.00. Following the transaction, the director owned 460,015 shares of the company's stock, valued at $61,310,799.20. This represents a 11.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Elinor Mertz sold 3,750 shares of the company's stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $130.99, for a total value of $491,212.50. Following the completion of the transaction, the chief financial officer directly owned 394,359 shares in the company, valued at approximately $51,657,085.41. This trade represents a 0.94% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 363,510 shares of company stock valued at $46,447,668 in the last quarter. Insiders own 27.83% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on ABNB shares. Argus upgraded Airbnb to a "strong-buy" rating in a research report on Tuesday, February 17th. BMO Capital Markets boosted their price objective on Airbnb from $130.00 to $140.00 and gave the stock a "market perform" rating in a research note on Friday, February 13th. Truist Financial raised Airbnb from a "sell" rating to a "hold" rating and boosted their price objective for the stock from $107.00 to $129.00 in a research note on Thursday, March 26th. Royal Bank Of Canada reissued an "outperform" rating on shares of Airbnb in a research note on Wednesday, January 14th. Finally, Sanford C. Bernstein lowered their price objective on Airbnb from $165.00 to $162.00 and set an "outperform" rating on the stock in a research note on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $149.40.

Airbnb Stock Performance

NASDAQ ABNB opened at $128.96 on Monday. The stock's fifty day moving average is $127.72 and its two-hundred day moving average is $127.11. The firm has a market capitalization of $78.50 billion, a P/E ratio of 31.92, a price-to-earnings-growth ratio of 1.58 and a beta of 1.15. Airbnb, Inc. has a fifty-two week low of $109.79 and a fifty-two week high of $143.88.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.10). Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the company earned $0.73 EPS. The business's revenue for the quarter was up 12.9% on a year-over-year basis. As a group, sell-side analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Airbnb Profile

Airbnb, Inc NASDAQ: ABNB operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company's core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.

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