Bamco Inc. NY Has $65.97 Million Stake in Airbnb, Inc. $ABNB

Bamco Inc. NY increased its position in Airbnb, Inc. (NASDAQ:ABNB) by 272.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 498,499 shares of the company’s stock after purchasing an additional 364,499 shares during the quarter. Bamco Inc. NY owned approximately 0.08% of Airbnb worth $65,971,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Airbnb by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 37,645,965 shares of the company’s stock worth $4,982,067,000 after acquiring an additional 183,336 shares during the period. Harris Associates L P increased its stake in Airbnb by 43.2% in the second quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock valued at $1,884,168,000 after acquiring an additional 4,292,383 shares during the period. Geode Capital Management LLC raised its position in Airbnb by 1.5% in the second quarter. Geode Capital Management LLC now owns 9,942,423 shares of the company’s stock worth $1,314,057,000 after purchasing an additional 145,788 shares in the last quarter. Northern Trust Corp lifted its stake in Airbnb by 2.5% during the first quarter. Northern Trust Corp now owns 4,402,970 shares of the company’s stock worth $525,979,000 after purchasing an additional 106,135 shares during the period. Finally, AQR Capital Management LLC lifted its stake in Airbnb by 81.0% during the first quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock worth $500,755,000 after purchasing an additional 1,916,676 shares during the period. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

ABNB has been the topic of several analyst reports. KeyCorp started coverage on Airbnb in a research note on Thursday, October 23rd. They issued a “sector weight” rating on the stock. Truist Financial upped their price target on Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a research report on Thursday, December 4th. BNP Paribas Exane initiated coverage on Airbnb in a report on Monday, November 24th. They set a “neutral” rating for the company. Barclays boosted their target price on shares of Airbnb from $105.00 to $107.00 and gave the company an “underweight” rating in a research note on Friday, November 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Airbnb in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $143.88.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 236,000 shares of the company’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 transaction, the director directly owned 1,176,015 shares in the company, valued at approximately $142,015,571.40. This represents a 16.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nathan Blecharczyk sold 141,063 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $121.96, for a total transaction of $17,204,043.48. Following the sale, the insider directly owned 11,520 shares in the company, valued at $1,404,979.20. This trade represents a 92.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,847,828 shares of company stock valued at $224,091,067. Insiders own 27.91% of the company’s stock.

Airbnb Stock Performance

Shares of ABNB stock opened at $128.39 on Friday. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The stock has a market capitalization of $79.03 billion, a PE ratio of 30.50, a PEG ratio of 2.25 and a beta of 1.11. The stock’s fifty day moving average is $121.99 and its 200-day moving average is $127.42.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). The business 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 business’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.13 earnings per share. As a group, 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.