Airbnb, Inc. $ABNB Shares Bought by Twin Capital Management Inc.

Twin Capital Management Inc. raised its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 370.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,023 shares of the company’s stock after purchasing an additional 14,190 shares during the period. Twin Capital Management Inc.’s holdings in Airbnb were worth $2,385,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Harris Associates L P lifted 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 buying an additional 4,598,125 shares in the last quarter. Pacer Advisors Inc. increased its holdings in Airbnb by 2,297.4% in the 1st quarter. Pacer Advisors Inc. now owns 2,801,899 shares of the company’s stock worth $334,715,000 after acquiring an additional 2,685,026 shares in the last quarter. AQR Capital Management LLC raised its position in Airbnb by 81.0% during the first quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock worth $500,755,000 after acquiring an additional 1,916,676 shares during the period. McElhenny Sheffield Capital Management LLC purchased a new position in Airbnb during the second quarter valued at $170,189,000. Finally, Consulta Ltd acquired a new stake in shares of Airbnb in the first quarter valued at about $149,325,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Stock Up 0.1%

Shares of ABNB opened at $122.50 on Thursday. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The stock has a fifty day simple moving average of $124.28 and a two-hundred day simple moving average of $128.69. The company has a market capitalization of $76.13 billion, a PE ratio of 29.66, a price-to-earnings-growth ratio of 2.23 and a beta of 1.11.

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

Wall Street Analyst Weigh In

ABNB has been the subject of a number of research reports. Barclays set a $105.00 target price on shares of Airbnb and gave the stock an “underweight” rating in a research note on Thursday, August 7th. Mizuho started coverage on Airbnb in a research note on Monday, September 29th. They set an “outperform” rating and a $151.00 price objective for the company. BNP Paribas raised Airbnb to a “hold” rating in a report on Wednesday, July 16th. Zacks Research raised Airbnb to a “hold” rating in a research note on Tuesday, August 12th. Finally, JPMorgan Chase & Co. boosted their price target on Airbnb from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $141.70.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $128.47, for a total transaction of $30,318,920.00. Following the sale, the director owned 468,015 shares of the company’s stock, valued at approximately $60,125,887.05. The trade was a 33.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Elinor Mertz sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 28th. The shares were sold at an average price of $130.00, for a total value of $975,000.00. Following the completion of the transaction, the chief financial officer owned 436,570 shares in the company, valued at $56,754,100. This represents a 1.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,446,760 shares of company stock worth $179,726,429 in the last 90 days. Insiders own 27.91% of the company’s stock.

Airbnb Company Profile

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.