Airbnb, Inc. $ABNB Holdings Increased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 29.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,738 shares of the company’s stock after acquiring an additional 11,585 shares during the period. Nisa Investment Advisors LLC’s holdings in Airbnb were worth $8,151,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wedmont Private Capital grew its stake in Airbnb by 1.7% during the 2nd quarter. Wedmont Private Capital now owns 4,517 shares of the company’s stock worth $671,000 after purchasing an additional 75 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in Airbnb by 1.3% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 5,754 shares of the company’s stock worth $727,000 after purchasing an additional 76 shares during the period. Parkside Financial Bank & Trust increased its holdings in Airbnb by 11.4% during the 2nd quarter. Parkside Financial Bank & Trust now owns 800 shares of the company’s stock worth $114,000 after purchasing an additional 82 shares during the period. Fermata Advisors LLC raised its position in Airbnb by 5.7% in the 3rd quarter. Fermata Advisors LLC now owns 1,645 shares of the company’s stock valued at $264,000 after purchasing an additional 88 shares in the last quarter. Finally, Norman Fields Gottscho Capital Management LLC raised its position in Airbnb by 3.0% in the 2nd quarter. Norman Fields Gottscho Capital Management LLC now owns 3,085 shares of the company’s stock valued at $441,000 after purchasing an additional 90 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

More Airbnb News

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Expanded American Express distribution: Airbnb is partnering with American Express to add more than one million listings to the Amex Travel platform. Eligible U.S. card members will be able to book Airbnb stays and earn rewards, potentially increasing Airbnb’s visibility, bookings, and access to premium travelers. American Express brings Airbnb bookings and rewards to Amex Travel platform
• Positive Sentiment: Analyst support: RBC Capital maintained its Buy rating on ABNB, reinforcing a constructive view of the company’s investment outlook. RBC Capital Keeps Their Buy Rating on Airbnb
• Neutral Sentiment: Guest-policy changes: Airbnb announced new rules limiting the cleaning chores hosts can require before checkout, including restrictions on demanding that guests strip beds or perform other time-consuming tasks. The changes address a long-standing customer complaint, but their effect on booking behavior and host economics remains uncertain. Airbnb Limits Cleaning Chores Hosts Can Require From Guests
• Negative Sentiment: Host backlash risk: Some hosts have threatened to leave the platform in response to the chore limits, raising concerns about listing supply, host relations, and possible implementation costs. Airbnb limits chores for guests, sparking backlash from hosts
• Negative Sentiment: Insider selling: Insider David Bernstein sold 1,369 ABNB shares. While the transaction is small relative to Airbnb’s market value, insider selling can add modestly to investor caution. Airbnb Stock Insider Sells Shares

Airbnb Stock Performance

Shares of ABNB opened at $175.76 on Friday. The company has a market capitalization of $105.24 billion, a price-to-earnings ratio of 39.95, a price-to-earnings-growth ratio of 1.99 and a beta of 1.24. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $193.45. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average price of $172.21 and a 200 day moving average price of $152.88.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.11. The company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.58 billion. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter last year, the company earned $1.03 earnings per share. Research analysts predict that Airbnb, Inc. will post 5.29 EPS for the current fiscal year.

Insider Activity

In related news, CEO Brian Chesky sold 200,000 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $174.79, for a total value of $34,958,000.00. Following the transaction, the chief executive officer directly owned 10,501,685 shares of the company’s stock, valued at $1,835,589,521.15. This trade represents a 1.87% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nathan Blecharczyk sold 531,000 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $174.41, for a total transaction of $92,611,710.00. Following the completion of the transaction, the insider directly owned 171,370 shares in the company, valued at $29,888,641.70. This trade represents a 75.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,550,715 shares of company stock worth $269,396,918. Corporate insiders own 27.21% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wedbush upgraded Airbnb from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $152.00 to $200.00 in a research note on Friday, August 7th. Evercore set a $200.00 target price on shares of Airbnb in a report on Monday, August 24th. Truist Financial lifted their price target on shares of Airbnb from $134.00 to $161.00 and gave the stock a “hold” rating in a research note on Thursday, September 10th. Wall Street Zen cut shares of Airbnb from a “buy” rating to a “hold” rating in a report on Sunday, October 4th. Finally, Argus boosted their price target on shares of Airbnb from $165.00 to $220.00 and gave the stock a “buy” rating in a report on Friday, August 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $181.93.

Airbnb Company Profile

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel activities with hosts and service providers. Its platform enables users to search for, book and review a broad range of stays, including private rooms, entire homes, apartments and other distinctive properties.

In addition to lodging, Airbnb offers experiences and activities hosted by local individuals and businesses. The company also provides tools and services that help hosts create listings, manage bookings, communicate with guests and receive payments.