Securian Asset Management Inc. Decreases Stock Holdings in Airbnb, Inc. $ABNB

Securian Asset Management Inc. trimmed its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 44.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,564 shares of the company’s stock after selling 9,157 shares during the quarter. Securian Asset Management Inc.’s holdings in Airbnb were worth $1,569,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Airbnb by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 38,295,288 shares of the company’s stock worth $4,649,814,000 after purchasing an additional 649,323 shares in the last quarter. Harris Associates L P lifted its stake in Airbnb by 43.2% in 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 in the last quarter. AQR Capital Management LLC lifted its stake in Airbnb by 58.6% in the 3rd quarter. AQR Capital Management LLC now owns 4,269,937 shares of the company’s stock worth $518,456,000 after purchasing an additional 1,577,338 shares in the last quarter. Independent Franchise Partners LLP purchased a new position in Airbnb in the 3rd quarter worth approximately $505,672,000. Finally, Akre Capital Management LLC lifted its stake in Airbnb by 19.0% in the 2nd quarter. Akre Capital Management LLC now owns 3,473,243 shares of the company’s stock worth $459,649,000 after purchasing an additional 555,510 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of Airbnb from $178.00 to $181.00 and gave the stock an “overweight” rating in a research note on Friday. Susquehanna raised their target price on shares of Airbnb from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Friday. Truist Financial raised shares of Airbnb from a “sell” rating to a “hold” rating and raised their target price for the stock from $107.00 to $129.00 in a research note on Thursday, March 26th. HSBC lowered shares of Airbnb from a “hold” rating to a “hold” rating in a research note on Monday, May 4th. Finally, TD Cowen lifted their price target on shares of Airbnb from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Airbnb currently has an average rating of “Moderate Buy” and an average target price of $157.67.

Airbnb Stock Down 3.1%

Shares of NASDAQ ABNB opened at $137.05 on Tuesday. The firm has a market cap of $83.42 billion, a price-to-earnings ratio of 33.76, a PEG ratio of 1.71 and a beta of 1.20. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $147.25. The business’s 50 day moving average is $133.60 and its two-hundred day moving average is $129.46.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 EPS. Research analysts predict that Airbnb, Inc. will post 4.97 EPS for the current year.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 58,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $140.37, for a total value of $8,141,460.00. Following the sale, the director owned 54,015 shares of the company’s stock, valued at $7,582,085.55. The trade was a 51.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Elinor Mertz sold 3,750 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $143.00, for a total value of $536,250.00. Following the completion of the sale, the chief financial officer directly owned 463,415 shares in the company, valued at approximately $66,268,345. The trade was a 0.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 399,075 shares of company stock valued at $53,332,095 over the last quarter. 27.21% of the stock is owned by company 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.