Airbnb, Inc. $ABNB Shares Purchased by Banco Bilbao Vizcaya Argentaria S.A.

Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 36.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,395 shares of the company’s stock after purchasing an additional 11,636 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.’s holdings in Airbnb were worth $5,271,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ABNB. Aster Capital Management DIFC Ltd acquired a new position in shares of Airbnb during the 3rd quarter worth about $25,000. Kelleher Financial Advisors acquired a new stake in Airbnb in the 3rd quarter worth about $29,000. Root Financial Partners LLC purchased a new stake in Airbnb during the 3rd quarter worth approximately $32,000. E Fund Management Hong Kong Co. Ltd. increased its stake in Airbnb by 55.5% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 311 shares of the company’s stock worth $38,000 after buying an additional 111 shares in the last quarter. Finally, Ameriflex Group Inc. raised its holdings in shares of Airbnb by 986.7% during the third quarter. Ameriflex Group Inc. now owns 326 shares of the company’s stock valued at $40,000 after acquiring an additional 296 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Up 1.6%

Shares of Airbnb stock opened at $128.32 on Tuesday. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $143.88. The company has a market capitalization of $78.11 billion, a P/E ratio of 31.76, a P/E/G ratio of 1.55 and a beta of 1.12. The company has a 50 day moving average of $129.92 and a 200 day moving average of $126.65.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The firm had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the prior year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. As a group, research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Cantor Fitzgerald set a $121.00 target price on Airbnb in a research report on Friday, February 13th. BMO Capital Markets increased their price objective on Airbnb from $130.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, February 13th. Mizuho raised their price objective on Airbnb from $156.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, March 3rd. Morgan Stanley set a $120.00 target price on shares of Airbnb in a research note on Friday, February 13th. Finally, Sanford C. Bernstein dropped their target price on shares of Airbnb from $165.00 to $162.00 and set an “outperform” rating for the company in a report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $147.40.

Insiders Place Their Bets

In related news, CFO Elinor Mertz sold 3,750 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $130.00, for a total value of $487,500.00. Following the transaction, the chief financial officer owned 402,417 shares of the company’s stock, valued at $52,314,210. This represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Nathan Blecharczyk sold 4,260 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $125.29, for a total value of $533,735.40. Following the completion of the sale, the insider owned 49,250 shares in the company, valued at approximately $6,170,532.50. This represents a 7.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 381,338 shares of company stock worth $49,828,312. 27.83% of the stock is owned by corporate insiders.

Airbnb Company 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.