Federated Hermes Inc. Acquires 15,446 Shares of Airbnb, Inc. $ABNB

Federated Hermes Inc. boosted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 7.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 225,875 shares of the company’s stock after acquiring an additional 15,446 shares during the quarter. Federated Hermes Inc.’s holdings in Airbnb were worth $29,892,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. DDD Partners LLC grew its stake in shares of Airbnb by 3.9% in the 2nd quarter. DDD Partners LLC now owns 2,041 shares of the company’s stock worth $270,000 after acquiring an additional 76 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Airbnb by 1.6% during the first quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company’s stock worth $604,000 after purchasing an additional 78 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in Airbnb by 70.9% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 83 shares in the last quarter. SBI Securities Co. Ltd. increased its stake in Airbnb by 0.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 10,552 shares of the company’s stock valued at $1,396,000 after buying an additional 85 shares during the last quarter. Finally, Trivium Point Advisory LLC lifted its position in shares of Airbnb by 3.0% during the 1st quarter. Trivium Point Advisory LLC now owns 3,408 shares of the company’s stock worth $407,000 after buying an additional 99 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. KeyCorp began coverage on Airbnb in a research report on Thursday, October 23rd. They set a “sector weight” rating for the company. DA Davidson reiterated a “buy” rating and set a $155.00 target price on shares of Airbnb in a research note on Friday, December 5th. UBS Group boosted their price target on shares of Airbnb from $145.00 to $147.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Barclays increased their price target on shares of Airbnb from $105.00 to $107.00 and gave the company an “underweight” rating in a research report on Friday, November 7th. Finally, Wedbush reiterated a “neutral” rating and issued a $130.00 target price on shares of Airbnb in a research note on Friday, November 7th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $143.88.

Insider Activity

In related news, insider Nathan Blecharczyk sold 77,527 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $120.52, for a total value of $9,343,554.04. Following the transaction, the insider directly owned 53,298 shares in the company, valued at approximately $6,423,474.96. This represents a 59.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Gebbia sold 236,000 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $120.76, for a total transaction of $28,499,360.00. Following the completion of the sale, the director directly owned 1,176,015 shares in the company, valued at $142,015,571.40. This represents a 16.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,630,589 shares of company stock valued at $197,619,307. 27.83% of the stock is owned by company insiders.

Airbnb Trading Up 2.8%

Shares of NASDAQ:ABNB opened at $125.39 on Wednesday. The company has a 50 day moving average of $121.59 and a 200 day moving average of $127.40. The stock has a market cap of $77.18 billion, a P/E ratio of 29.78, a P/E/G ratio of 2.15 and a beta of 1.11. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.10). The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.13 earnings per share. On average, equities analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

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.