American Century Companies Inc. Sells 1,171,690 Shares of Airbnb, Inc. $ABNB

American Century Companies Inc. decreased its position in Airbnb, Inc. (NASDAQ:ABNB) by 57.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 885,219 shares of the company’s stock after selling 1,171,690 shares during the quarter. American Century Companies Inc. owned approximately 0.14% of Airbnb worth $107,483,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Caxton Associates LLP acquired a new position in shares of Airbnb during the first quarter worth approximately $258,000. Intech Investment Management LLC increased its stake in Airbnb by 55.8% in the first quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock valued at $1,453,000 after acquiring an additional 4,353 shares during the period. Sivia Capital Partners LLC raised its position in Airbnb by 18.8% in the second quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock worth $776,000 after purchasing an additional 927 shares in the last quarter. Spire Wealth Management raised its position in Airbnb by 14.4% in the second quarter. Spire Wealth Management now owns 1,040 shares of the company’s stock worth $138,000 after purchasing an additional 131 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted its stake in Airbnb by 502.0% during the second quarter. GHP Investment Advisors Inc. now owns 608 shares of the company’s stock worth $80,000 after purchasing an additional 507 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Price Performance

ABNB stock opened at $133.26 on Tuesday. The stock has a market capitalization of $81.12 billion, a PE ratio of 32.99, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $144.75. The company has a 50 day moving average price of $130.73 and a 200 day moving average price of $126.32.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.10). The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.71 billion. Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The company’s revenue was up 12.9% compared to the same quarter last year. During the same period last year, the company earned $0.73 EPS. As a group, equities analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insider Activity at Airbnb

In other news, insider Nathan Blecharczyk sold 141,063 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $121.96, for a total value of $17,204,043.48. Following the transaction, the insider owned 11,520 shares of the company’s stock, valued at $1,404,979.20. This represents a 92.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brian Chesky sold 51,230 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $131.16, for a total value of $6,719,326.80. Following the completion of the transaction, the chief executive officer owned 45,854 shares in the company, valued at $6,014,210.64. This represents a 52.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 795,226 shares of company stock worth $100,778,211 over the last ninety days. Company insiders own 27.83% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Truist Financial upped their price objective on Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a research note on Thursday, December 4th. TD Cowen lifted their price target on shares of Airbnb from $150.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 13th. Deutsche Bank Aktiengesellschaft raised shares of Airbnb from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a research note on Friday, February 13th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Airbnb in a report on Wednesday, January 14th. Finally, Citizens Jmp upgraded shares of Airbnb from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a research note on Wednesday, February 4th. Two analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $148.69.

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.