Vanguard Group Inc. Has $5.20 Billion Stock Position in Airbnb, Inc. $ABNB

Key Points

• Vanguard Group Inc. holds 38,283,087 shares of Airbnb (about 6.22% of the company), a position valued at approximately $5.20 billion after selling 12,201 shares in Q4.
• Airbnb reported Q4 EPS $0.56, missing consensus by $0.10 while revenue of $2.78 billion beat estimates and rose 12.9% year-over-year; the company showed a ROE of 30.88% and a net margin of 20.51%.
• Institutional investors own roughly 80.76% of ABNB, but insiders have been net sellers—399,075 shares (~$52.17 million) sold in the last 90 days—though insiders still hold 27.83% of the stock.

Vanguard Group Inc. reduced its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 0.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 38,283,087 shares of the company's stock after selling 12,201 shares during the quarter. Vanguard Group Inc. owned approximately 6.22% of Airbnb worth $5,195,781,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ABNB. Harris Associates L P boosted its holdings in Airbnb by 43.2% during the second quarter. Harris Associates L P now owns 14,237,331 shares of the company's stock worth $1,884,168,000 after purchasing an additional 4,292,383 shares during the last quarter. Independent Franchise Partners LLP purchased a new position in Airbnb during the third quarter worth about $505,672,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Airbnb by 453.5% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company's stock worth $403,782,000 after purchasing an additional 2,724,682 shares during the last quarter. AQR Capital Management LLC boosted its holdings in Airbnb by 58.6% during the third quarter. AQR Capital Management LLC now owns 4,269,937 shares of the company's stock worth $518,456,000 after purchasing an additional 1,577,338 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in Airbnb by 6,623.8% during the third quarter. Van ECK Associates Corp now owns 1,394,109 shares of the company's stock worth $169,273,000 after purchasing an additional 1,373,375 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Trading Down 1.2%

Shares of ABNB stock opened at $141.06 on Tuesday. The stock has a market capitalization of $85.86 billion, a P/E ratio of 34.92, a PEG ratio of 1.73 and a beta of 1.15. The firm's 50 day moving average is $131.63 and its 200 day moving average is $128.54. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $147.25.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its earnings results on Thursday, February 12th. The company reported $0.56 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.10). The firm had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.71 billion. Airbnb had a return on equity of 30.88% and a net margin of 20.51%.The business's revenue was up 12.9% on a year-over-year basis. During the same period last year, the company posted $0.73 EPS. On average, equities analysts predict that Airbnb, Inc. will post 4.96 EPS for the current year.

Analysts Set New Price Targets

ABNB has been the topic of several analyst reports. Royal Bank Of Canada restated an "outperform" rating on shares of Airbnb in a report on Wednesday, January 14th. TD Cowen boosted their target price on shares of Airbnb from $150.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, February 13th. Argus upgraded shares of Airbnb to a "strong-buy" rating in a research note on Tuesday, February 17th. Wedbush reiterated a "neutral" rating and issued a $130.00 target price on shares of Airbnb in a research note on Friday, February 13th. Finally, Tigress Financial dropped their price target on shares of Airbnb from $200.00 to $185.00 and set a "buy" rating on the stock in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $151.43.

Insider Activity

In other Airbnb news, CFO Elinor Mertz sold 3,750 shares of the stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $130.99, for a total transaction of $491,212.50. Following the completion of the sale, the chief financial officer owned 394,359 shares of the company's stock, valued at $51,657,085.41. This represents a 0.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nathan Blecharczyk sold 24,788 shares of the firm's stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $145.86, for a total transaction of $3,615,577.68. Following the completion of the sale, the insider directly owned 11,920 shares of the company's stock, valued at approximately $1,738,651.20. This represents a 67.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 399,075 shares of company stock valued at $52,168,585. Corporate insiders own 27.83% of the company's stock.

About Airbnb

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.

Want to see what other hedge funds are holding ABNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Airbnb, Inc. (NASDAQ:ABNB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.