ING Groep NV Has $59.09 Million Stake in Airbnb, Inc. $ABNB

ING Groep NV increased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 8.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 486,661 shares of the company’s stock after purchasing an additional 38,891 shares during the quarter. ING Groep NV owned about 0.08% of Airbnb worth $59,090,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ABNB. Fort Washington Investment Advisors Inc. OH raised its holdings in Airbnb by 3.5% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 962,551 shares of the company’s stock worth $116,873,000 after purchasing an additional 32,501 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Airbnb by 1.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,925,689 shares of the company’s stock valued at $387,186,000 after purchasing an additional 31,120 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of Airbnb by 18.1% in the 3rd quarter. Cerity Partners LLC now owns 364,824 shares of the company’s stock valued at $44,297,000 after purchasing an additional 55,838 shares during the last quarter. National Pension Service grew its position in shares of Airbnb by 1.1% during the 3rd quarter. National Pension Service now owns 1,096,411 shares of the company’s stock worth $133,126,000 after buying an additional 12,453 shares during the period. Finally, Abacus FCF Advisors LLC grew its position in shares of Airbnb by 7.8% during the 3rd quarter. Abacus FCF Advisors LLC now owns 135,577 shares of the company’s stock worth $16,462,000 after buying an additional 9,864 shares during the period. Institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of recent research reports. Mizuho set a $156.00 price objective on shares of Airbnb in a research note on Friday, November 7th. DA Davidson reissued a “buy” rating and issued a $155.00 price target on shares of Airbnb in a research note on Friday, December 5th. BNP Paribas Exane initiated coverage on Airbnb in a research report on Monday, November 24th. They issued a “hold” rating on the stock. Citizens Jmp raised Airbnb from a “market perform” rating to an “outperform” rating and set a $160.00 price objective for the company in a research note on Wednesday, February 4th. Finally, Morgan Stanley upped their price objective on Airbnb from $120.00 to $130.00 and gave the company an “underweight” rating in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, nineteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Airbnb currently has an average rating of “Hold” and an average price target of $148.85.

Insiders Place Their Bets

In other news, insider Nathan Blecharczyk sold 141,063 shares of Airbnb stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $121.96, for a total transaction of $17,204,043.48. Following the transaction, the insider owned 11,520 shares in the company, valued at $1,404,979.20. The trade was a 92.45% decrease in their position. The transaction was disclosed in a document filed 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 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 of the company’s stock, valued at approximately $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. Over the last ninety days, insiders have sold 970,022 shares of company stock worth $120,106,336. Corporate insiders own 27.83% of the company’s stock.

Airbnb Stock Down 0.8%

Shares of ABNB stock opened at $120.32 on Wednesday. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The firm has a fifty day moving average of $131.42 and a 200-day moving average of $126.52. The firm has a market capitalization of $74.06 billion, a price-to-earnings ratio of 28.58, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15.

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.