Erste Asset Management GmbH Has $123,000 Stock Holdings in Airbnb, Inc. $ABNB

Erste Asset Management GmbH decreased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 95.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,011 shares of the company’s stock after selling 23,739 shares during the period. Erste Asset Management GmbH’s holdings in Airbnb were worth $123,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Root Financial Partners LLC acquired a new position in Airbnb in the third quarter valued at approximately $32,000. NewSquare Capital LLC grew its position in shares of Airbnb by 86.4% during the 2nd quarter. NewSquare Capital LLC now owns 287 shares of the company’s stock worth $38,000 after buying an additional 133 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Airbnb by 55.5% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 311 shares of the company’s stock valued at $38,000 after acquiring an additional 111 shares in the last quarter. SJS Investment Consulting Inc. lifted its position in shares of Airbnb by 4,255.6% during the 3rd quarter. SJS Investment Consulting Inc. now owns 392 shares of the company’s stock valued at $48,000 after acquiring an additional 383 shares during the period. Finally, Golden State Wealth Management LLC lifted its position in shares of Airbnb by 85.9% during the 2nd quarter. Golden State Wealth Management LLC now owns 370 shares of the company’s stock valued at $49,000 after acquiring an additional 171 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In other news, insider Nathan Blecharczyk sold 141,063 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 11,520 shares of the company’s stock, valued at $1,404,979.20. This represents a 92.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Brian Chesky sold 51,230 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were 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 of the company’s stock, valued at $6,014,210.64. The trade was a 52.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 795,226 shares of company stock worth $100,778,211 in the last 90 days. Insiders own 27.83% of the company’s stock.

Airbnb Price Performance

NASDAQ ABNB opened at $133.26 on Tuesday. The company has a fifty day moving average price of $130.73 and a 200-day moving average price of $126.32. The firm has a market cap of $81.12 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 1.83 and a beta of 1.12. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $144.75.

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

Analysts Set New Price Targets

ABNB has been the subject of a number of research reports. Barclays raised their price target on shares of Airbnb from $120.00 to $122.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. B. Riley Financial upgraded Airbnb from a “neutral” rating to a “buy” rating and raised their target price for the company from $140.00 to $170.00 in a research note on Monday, January 12th. Truist Financial boosted their target price on Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a research report on Thursday, December 4th. Sanford C. Bernstein cut their price target on Airbnb from $165.00 to $162.00 and set an “outperform” rating on the stock in a report on Tuesday, January 6th. Finally, Wells Fargo & Company raised their price objective on Airbnb from $128.00 to $133.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target 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.