Trajan Wealth LLC Raises Position in Airbnb, Inc. $ABNB

Trajan Wealth LLC grew its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 4.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,898 shares of the company’s stock after acquiring an additional 3,944 shares during the period. Trajan Wealth LLC’s holdings in Airbnb were worth $11,280,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Harris Associates L P increased its holdings in Airbnb by 43.2% during the 2nd quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock worth $1,884,168,000 after purchasing an additional 4,292,383 shares during the period. Norges Bank purchased a new stake in shares of Airbnb during the second quarter worth approximately $483,644,000. Amundi raised its holdings in Airbnb by 112.3% in the second quarter. Amundi now owns 2,670,251 shares of the company’s stock valued at $361,525,000 after acquiring an additional 1,412,608 shares in the last quarter. Bank of Nova Scotia lifted its stake in Airbnb by 1,232.7% in the second quarter. Bank of Nova Scotia now owns 956,188 shares of the company’s stock worth $126,542,000 after acquiring an additional 884,439 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Airbnb by 1.7% in the third quarter. Vanguard Group Inc. now owns 38,295,288 shares of the company’s stock worth $4,649,814,000 after acquiring an additional 649,323 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Stock Performance

Shares of ABNB stock opened at $127.89 on Monday. The stock’s 50-day moving average is $131.09 and its two-hundred day moving average is $125.92. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $154.57. The firm has a market cap of $77.85 billion, a price-to-earnings ratio of 31.66, a PEG ratio of 1.73 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 12th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.71 billion. Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period last year, the company earned $0.73 earnings per share. As a group, research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Analysts Set New Price Targets

ABNB has been the topic of a number of recent analyst reports. BNP Paribas Exane initiated coverage on shares of Airbnb in a research report on Monday, November 24th. They issued a “hold” rating on the stock. B. Riley Financial raised Airbnb from a “neutral” rating to a “buy” rating and increased their target price for the company from $140.00 to $170.00 in a report on Monday, January 12th. Truist Financial lifted their price target on Airbnb from $104.00 to $107.00 and gave the stock a “sell” rating in a report on Thursday, December 4th. UBS Group increased their price objective on Airbnb from $147.00 to $149.00 and gave the company a “neutral” rating in a report on Tuesday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft raised Airbnb from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research report on Friday, February 13th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Airbnb has an average rating of “Hold” and an average target price of $148.69.

Insider Transactions at Airbnb

In related news, Director Joseph Gebbia sold 58,000 shares of the stock in a transaction on Monday, February 9th. The shares were sold at an average price of $121.15, for a total transaction of $7,026,700.00. Following the completion of the sale, the director owned 402,015 shares in the company, valued at $48,704,117.25. This represents a 12.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Chesky sold 51,230 shares of Airbnb stock in a transaction on Monday, December 15th. The shares were sold at an average price of $131.16, for a total transaction of $6,719,326.80. Following the completion of the transaction, the chief executive officer owned 45,854 shares in the company, valued at approximately $6,014,210.64. This represents a 52.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 795,422 shares of company stock valued at $100,561,168 over the last ninety days. 27.83% of the stock is owned by insiders.

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.