Mawer Investment Management Ltd. Buys 481,888 Shares of Airbnb, Inc. $ABNB

Mawer Investment Management Ltd. grew its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 642.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 556,924 shares of the company’s stock after acquiring an additional 481,888 shares during the period. Mawer Investment Management Ltd. owned 0.09% of Airbnb worth $67,622,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of ABNB. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Airbnb by 70.9% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 83 shares in the last quarter. Concord Wealth Partners acquired a new stake in Airbnb during the second quarter worth about $28,000. Whipplewood Advisors LLC increased its holdings in Airbnb by 235.3% in the 2nd quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock valued at $30,000 after buying an additional 160 shares during the period. Root Financial Partners LLC bought a new stake in shares of Airbnb during the 3rd quarter worth approximately $32,000. Finally, NewSquare Capital LLC boosted 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 acquiring an additional 133 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling

In other news, CEO Brian Chesky sold 51,230 shares of the firm’s 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 completion of 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 sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction that occurred 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 owned 232,015 shares in the company, valued at approximately $27,994,929.90. The trade was a 50.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,202,272 shares of company stock valued at $148,094,596 over the last ninety days. 27.83% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ABNB. Barclays set a $120.00 target price on Airbnb and gave the stock an “equal weight” rating in a research note on Friday, January 9th. Mizuho set a $156.00 price objective on Airbnb in a research note on Friday, November 7th. B. Riley raised Airbnb from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $140.00 to $170.00 in a research note on Monday, January 12th. Truist Financial increased their target price on shares of Airbnb from $104.00 to $107.00 and gave the stock a “sell” rating in a report on Thursday, December 4th. Finally, Morgan Stanley upped their price objective on shares of Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 13th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $147.84.

Airbnb Stock Down 0.4%

ABNB stock opened at $128.81 on Monday. The firm has a market cap of $79.29 billion, a price-to-earnings ratio of 30.90, a PEG ratio of 2.00 and a beta of 1.15. The company’s fifty day simple moving average is $130.57 and its 200 day simple moving average is $127.34. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.13 earnings per share. Research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

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.