Mirae Asset Global Investments Co. Ltd. Buys 35,691 Shares of Airbnb, Inc. $ABNB

Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 23.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,238 shares of the company’s stock after acquiring an additional 35,691 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Airbnb were worth $22,492,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ABNB. Federated Hermes Inc. raised its holdings in shares of Airbnb by 15.6% in the third quarter. Federated Hermes Inc. now owns 261,048 shares of the company’s stock valued at $31,696,000 after purchasing an additional 35,173 shares during the last quarter. Valeo Financial Advisors LLC grew its position in Airbnb by 55.6% in the 3rd quarter. Valeo Financial Advisors LLC now owns 3,203 shares of the company’s stock worth $389,000 after purchasing an additional 1,144 shares in the last quarter. Hussman Strategic Advisors Inc. purchased a new position in shares of Airbnb in the 3rd quarter worth approximately $2,550,000. Markel Group Inc. grew its holdings in shares of Airbnb by 7.1% in the third quarter. Markel Group Inc. now owns 227,133 shares of the company’s stock valued at $27,578,000 after acquiring an additional 15,130 shares in the last quarter. Finally, Sage Rhino Capital LLC increased its position in shares of Airbnb by 4.3% during the third quarter. Sage Rhino Capital LLC now owns 10,352 shares of the company’s stock valued at $1,257,000 after acquiring an additional 428 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Stock Up 0.2%

Shares of NASDAQ:ABNB opened at $131.77 on Friday. The firm has a market capitalization of $81.11 billion, a PE ratio of 31.30, a P/E/G ratio of 2.04 and a beta of 1.09. The company has a 50-day moving average price of $130.26 and a two-hundred day moving average price of $127.53. Airbnb, Inc. has a twelve month low of $99.88 and a twelve 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 analysts’ consensus estimates of $2.31 by ($0.10). The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company posted $2.13 earnings per share. Analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

ABNB has been the topic of several research analyst reports. B. Riley raised Airbnb from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $140.00 to $170.00 in a research report on Monday, January 12th. Barclays set a $120.00 price target on shares of Airbnb and gave the stock an “equal weight” rating in a report on Friday, January 9th. DA Davidson restated a “buy” rating and set a $155.00 price objective on shares of Airbnb in a report on Friday, December 5th. Wedbush boosted their target price on shares of Airbnb from $130.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Finally, BTIG Research reissued a “neutral” rating on shares of Airbnb in a research report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $147.84.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction on Monday, November 10th. The stock was sold at an average price of $120.66, for a total value of $28,475,760.00. Following the completion of the transaction, the director directly owned 232,015 shares in the company, valued at approximately $27,994,929.90. The trade was a 50.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian Chesky sold 51,230 shares of the stock in a transaction dated 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 sale, the chief executive officer directly owned 45,854 shares in the company, valued at $6,014,210.64. This trade represents a 52.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,202,272 shares of company stock valued at $148,094,596 over the last three months. Company insiders own 27.91% of the company’s stock.

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.