Robeco Institutional Asset Management B.V. Purchases 835,208 Shares of Airbnb, Inc. $ABNB

Robeco Institutional Asset Management B.V. increased its position in Airbnb, Inc. (NASDAQ:ABNB) by 61.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,201,279 shares of the company’s stock after acquiring an additional 835,208 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Airbnb were worth $353,635,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Wedmont Private Capital grew its position in shares of Airbnb by 1.7% in the second quarter. Wedmont Private Capital now owns 4,517 shares of the company’s stock valued at $671,000 after purchasing an additional 75 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in Airbnb by 1.3% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 5,754 shares of the company’s stock worth $727,000 after buying an additional 76 shares during the period. Parkside Financial Bank & Trust increased its position in Airbnb by 11.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 800 shares of the company’s stock worth $114,000 after buying an additional 82 shares during the period. Fermata Advisors LLC lifted its holdings in shares of Airbnb by 5.7% during the third quarter. Fermata Advisors LLC now owns 1,645 shares of the company’s stock worth $264,000 after buying an additional 88 shares during the last quarter. Finally, Norman Fields Gottscho Capital Management LLC lifted its holdings in shares of Airbnb by 3.0% during the second quarter. Norman Fields Gottscho Capital Management LLC now owns 3,085 shares of the company’s stock worth $441,000 after buying an additional 90 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $176.94 on Wednesday. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $193.45. The firm has a market capitalization of $105.95 billion, a PE ratio of 40.21, a PEG ratio of 2.01 and a beta of 1.24. The business’s 50 day moving average is $172.53 and its 200-day moving average is $152.18. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. The business had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.58 billion. Airbnb had a return on equity of 33.38% and a net margin of 20.45%. Airbnb’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 earnings per share. Sell-side analysts predict that Airbnb, Inc. will post 5.28 earnings per share for the current year.

More Airbnb News

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Recent momentum is attracting investor attention. Airbnb has gained about 10% over the past two weeks and 17% over the past month. Its asset-light business model, large cash position and potential benefit from higher interest income are being viewed as advantages in the current rate environment. Airbnb recent stock momentum
• Positive Sentiment: Analyst sentiment and business performance remain supportive. Airbnb recently exceeded quarterly earnings and revenue expectations, with revenue up 16.3% year over year. The company has an average analyst rating of “Moderate Buy,” while its consensus price target of $181.93 remains above recent trading levels. Airbnb analyst ratings and financial results
• Neutral Sentiment: Short-term rental demand appears healthy in some U.S. markets. A specialized brokerage said it has facilitated more than $500 million in Airbnb and short-term-rental property sales in Florida’s Destin, 30A and Panama City Beach markets. The activity suggests continued investor interest in Airbnb-related properties, though the transactions generate revenue for property sellers and brokers rather than directly for Airbnb. Short-term rental property sales in Florida
• Negative Sentiment: ETF selling and an executive stock sale could weigh modestly on sentiment. ETFs were net sellers of Airbnb shares on Friday. Separately, Chief Accounting Officer David Bernstein sold 1,369 shares for approximately $230,006, reducing his holdings by 2.91%; because he retained more than 45,000 shares, the transaction is unlikely to materially change the investment outlook. ETF selling of Airbnb shares Airbnb chief accounting officer stock sale

Insider Buying and Selling

In other news, CEO Brian Chesky sold 200,000 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $174.79, for a total value of $34,958,000.00. Following the completion of the transaction, the chief executive officer owned 10,501,685 shares in the company, valued at approximately $1,835,589,521.15. This represents a 1.87% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nathan Blecharczyk sold 531,000 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $174.41, for a total transaction of $92,611,710.00. Following the completion of the transaction, the insider owned 171,370 shares of the company’s stock, valued at approximately $29,888,641.70. This represents a 75.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,550,715 shares of company stock valued at $269,396,918 over the last ninety days. 27.21% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ABNB has been the subject of several research reports. Gordon Haskett increased their price objective on Airbnb from $146.00 to $180.00 and gave the company a “hold” rating in a research report on Thursday, September 10th. Piper Sandler set a $150.00 target price on shares of Airbnb in a research report on Friday, August 7th. DA Davidson upped their target price on shares of Airbnb from $175.00 to $220.00 and gave the company a “buy” rating in a research note on Monday, August 31st. Barclays upped their target price on shares of Airbnb from $125.00 to $150.00 in a research note on Friday, August 7th. Finally, Royal Bank Of Canada started coverage on shares of Airbnb in a research report on Friday, October 2nd. They issued an “outperform” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Airbnb presently has an average rating of “Moderate Buy” and a consensus price target of $181.93.

Airbnb Company Profile

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel activities with hosts and service providers. Its platform enables users to search for, book and review a broad range of stays, including private rooms, entire homes, apartments and other distinctive properties.

In addition to lodging, Airbnb offers experiences and activities hosted by local individuals and businesses. The company also provides tools and services that help hosts create listings, manage bookings, communicate with guests and receive payments.