TD Asset Management Inc Purchases 3,889 Shares of Airbnb, Inc. $ABNB

TD Asset Management Inc raised its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 219,265 shares of the company’s stock after purchasing an additional 3,889 shares during the quarter. TD Asset Management Inc’s holdings in Airbnb were worth $29,018,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Airbnb by 1.6% during the first quarter. Vanguard Group Inc. now owns 37,462,629 shares of the company’s stock valued at $4,475,286,000 after buying an additional 604,120 shares during the period. Harris Associates L P grew its position in shares of Airbnb by 86.0% during the 1st quarter. Harris Associates L P now owns 9,944,948 shares of the company’s stock valued at $1,188,024,000 after acquiring an additional 4,598,125 shares during the period. Northern Trust Corp grew its position in shares of Airbnb by 2.5% during the 1st quarter. Northern Trust Corp now owns 4,402,970 shares of the company’s stock valued at $525,979,000 after acquiring an additional 106,135 shares during the period. AQR Capital Management LLC grew its position in shares of Airbnb by 81.0% during the 1st quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock valued at $500,755,000 after acquiring an additional 1,916,676 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in Airbnb by 74.4% during the first quarter. Principal Financial Group Inc. now owns 3,255,682 shares of the company’s stock valued at $388,924,000 after purchasing an additional 1,389,251 shares during the period. 80.76% of the stock is currently owned by institutional investors.

Insider Activity

In related news, insider Nathan Blecharczyk sold 2,246 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $125.20, for a total transaction of $281,199.20. Following the completion of the transaction, the insider owned 182,514 shares in the company, valued at $22,850,752.80. The trade was a 1.22% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Thursday, October 9th. The shares were sold at an average price of $120.46, for a total value of $72,276.00. Following the transaction, the chief technology officer owned 197,806 shares of the company’s stock, valued at approximately $23,827,710.76. The trade was a 0.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,666,876 shares of company stock worth $210,819,940 in the last ninety days. 27.91% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ABNB has been the subject of several recent research reports. Zacks Research raised Airbnb to a “hold” rating in a report on Tuesday, August 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Airbnb in a report on Wednesday, October 8th. Citizens Jmp raised Airbnb to a “hold” rating in a research note on Monday, August 11th. Barclays set a $105.00 target price on shares of Airbnb and gave the stock an “underweight” rating in a research report on Thursday, August 7th. Finally, Jefferies Financial Group dropped their price target on Airbnb from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Monday, August 11th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nineteen have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $141.81.

Airbnb Stock Down 1.1%

Shares of ABNB opened at $122.89 on Friday. The company has a market cap of $76.37 billion, a PE ratio of 29.76, a P/E/G ratio of 2.27 and a beta of 1.10. The business has a fifty day moving average of $123.89 and a 200 day moving average of $127.24. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93.

Airbnb (NASDAQ:ABNB) last released its earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.02 billion. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The business’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the business earned $0.86 EPS. As a group, research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.