Baader Bank Aktiengesellschaft Has $7.86 Million Stock Holdings in Airbnb, Inc. $ABNB

Baader Bank Aktiengesellschaft lowered its stake in Airbnb, Inc. (NASDAQ:ABNB) by 20.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,794 shares of the company’s stock after selling 16,979 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Airbnb were worth $7,855,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ABNB. Concord Wealth Partners acquired a new stake in shares of Airbnb during the 2nd quarter valued at $28,000. Whipplewood Advisors LLC raised its position in Airbnb by 235.3% in the second quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock valued at $30,000 after purchasing an additional 160 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of Airbnb during the third quarter valued at about $32,000. NewSquare Capital LLC grew its holdings in shares of Airbnb by 86.4% during the second quarter. NewSquare Capital LLC now owns 287 shares of the company’s stock worth $38,000 after purchasing an additional 133 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Airbnb by 55.5% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 311 shares of the company’s stock valued at $38,000 after buying an additional 111 shares during the period. Institutional investors own 80.76% of the company’s stock.

Insider Activity at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 3,750 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $130.00, for a total value of $487,500.00. Following the completion of the sale, the chief financial officer directly owned 410,530 shares in the company, valued at approximately $53,368,900. This trade represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 51,230 shares of Airbnb stock in a transaction on Monday, December 15th. The shares were sold at an average price of $131.16, for a total transaction of $6,719,326.80. Following the completion of the sale, the chief executive officer directly owned 45,854 shares of the company’s stock, valued at approximately $6,014,210.64. This trade represents a 52.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 970,022 shares of company stock worth $120,106,336. Corporate insiders own 27.83% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the topic of a number of research reports. Citigroup raised shares of Airbnb from a “neutral” rating to an “outperform” rating in a report on Wednesday, February 4th. BTIG Research reissued a “neutral” rating on shares of Airbnb in a research note on Friday, November 7th. BNP Paribas Exane assumed coverage on Airbnb in a report on Monday, November 24th. They issued a “hold” rating for the company. UBS Group lifted their target price on Airbnb from $147.00 to $149.00 and gave the stock a “neutral” rating in a report on Tuesday, February 3rd. Finally, Cantor Fitzgerald upgraded Airbnb from an “underweight” rating to a “neutral” rating and upped their price target for the company from $117.00 to $141.00 in a research report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nineteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $148.85.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $120.32 on Wednesday. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The business’s 50-day moving average is $131.42 and its 200-day moving average is $126.52. The company has a market capitalization of $74.06 billion, a price-to-earnings ratio of 28.58, a P/E/G ratio of 1.87 and a beta of 1.15.

Airbnb Profile

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.