Vanguard Personalized Indexing Management LLC Decreases Stock Holdings in Airbnb, Inc. $ABNB

Key Points

• Vanguard Personalized Indexing Management LLC reduced its holdings in Airbnb, Inc. by 6.3%, owning 30,813 shares worth $4,080,000 after selling 2,076 shares in the second quarter.
• Insider trading activity has seen significant sales, with 1,431,476 shares sold by company insiders in the last ninety days, collectively valued at approximately $182.77 million.
• Airbnb shares recently opened at $122.89, with a twelve-month high of $163.93 and a current beta of 1.10, indicating potential volatility in the stock price.

Vanguard Personalized Indexing Management LLC decreased its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 6.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 30,813 shares of the company's stock after selling 2,076 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Airbnb were worth $4,080,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of Airbnb by 98.9% in the 1st quarter. GAMMA Investing LLC now owns 5,115 shares of the company's stock valued at $611,000 after purchasing an additional 2,543 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Airbnb by 39.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 73,246 shares of the company's stock worth $8,750,000 after purchasing an additional 20,753 shares during the period. Ritholtz Wealth Management lifted its holdings in shares of Airbnb by 10.0% during the first quarter. Ritholtz Wealth Management now owns 5,328 shares of the company's stock worth $636,000 after purchasing an additional 484 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of Airbnb by 0.8% during the first quarter. Exchange Traded Concepts LLC now owns 19,325 shares of the company's stock worth $2,309,000 after purchasing an additional 147 shares during the period. Finally, Bank Pictet & Cie Europe AG acquired a new stake in Airbnb during the 1st quarter valued at approximately $694,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CTO Aristotle N. Balogh sold 600 shares of the company's stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $120.46, for a total transaction of $72,276.00. Following the completion of the transaction, the chief technology officer owned 197,806 shares in the company, valued at $23,827,710.76. This represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nathan Blecharczyk sold 2,246 shares of the company's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $125.20, for a total transaction of $281,199.20. Following the transaction, the insider owned 182,514 shares of the company's stock, valued at approximately $22,850,752.80. This trade represents a 1.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,431,476 shares of company stock valued at $182,766,568 over the last ninety days. 27.83% of the stock is owned by corporate insiders.

Airbnb Stock Up 3.4%

Shares of Airbnb stock opened at $122.89 on Wednesday. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The business has a 50-day moving average price of $123.96 and a 200 day moving average price of $127.23. The firm has a market cap of $76.37 billion, a PE ratio of 29.76, a P/E/G ratio of 2.17 and a beta of 1.10.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.11. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.Airbnb's revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.86 EPS. On average, sell-side analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on ABNB shares. BMO Capital Markets set a $124.00 price objective on shares of Airbnb and gave the company a "market perform" rating in a research note on Thursday, August 7th. Zacks Research upgraded shares of Airbnb to a "hold" rating in a research report on Tuesday, August 12th. Weiss Ratings reissued a "hold (c)" rating on shares of Airbnb in a report on Wednesday, October 8th. Jefferies Financial Group decreased their price objective on Airbnb from $165.00 to $160.00 and set a "buy" rating for the company in a report on Monday, August 11th. Finally, Wells Fargo & Company set a $110.00 price target on Airbnb and gave the company an "underweight" rating in a report on Thursday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nineteen have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, Airbnb currently has an average rating of "Hold" and a consensus price target of $141.81.

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.

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