Vanguard Group Inc. Has $5.66 Billion Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Vanguard Group Inc. increased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,324,465 shares of the company’s stock after acquiring an additional 791,149 shares during the quarter. Vanguard Group Inc. owned 5.30% of Airbnb worth $5,662,164,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. First Foundation Advisors acquired a new stake in shares of Airbnb during the first quarter valued at approximately $151,000. Banco Santander S.A. raised its holdings in shares of Airbnb by 19.8% during the first quarter. Banco Santander S.A. now owns 2,017 shares of the company’s stock valued at $333,000 after acquiring an additional 333 shares during the period. Intermede Investment Partners Ltd acquired a new stake in shares of Airbnb during the first quarter valued at approximately $136,645,000. Cumberland Partners Ltd raised its holdings in shares of Airbnb by 26.0% during the first quarter. Cumberland Partners Ltd now owns 29,040 shares of the company’s stock valued at $4,790,000 after acquiring an additional 6,000 shares during the period. Finally, Dorsey & Whitney Trust CO LLC grew its position in Airbnb by 30.2% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 1,959 shares of the company’s stock valued at $323,000 after purchasing an additional 454 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ABNB shares. Truist Financial boosted their price objective on shares of Airbnb from $131.00 to $134.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. UBS Group boosted their price objective on shares of Airbnb from $143.00 to $157.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. Tigress Financial boosted their price objective on shares of Airbnb from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research report on Thursday, May 9th. Finally, TD Cowen lowered their price objective on shares of Airbnb from $180.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Four equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Airbnb has an average rating of “Hold” and an average target price of $151.94.

Airbnb Stock Performance

NASDAQ:ABNB traded up $1.11 during trading hours on Friday, hitting $147.99. 3,131,618 shares of the company traded hands, compared to its average volume of 3,745,239. The stock has a market capitalization of $95.31 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 1.83 and a beta of 1.18. Airbnb, Inc. has a twelve month low of $113.24 and a twelve month high of $170.10. The firm has a 50-day moving average of $148.00 and a 200 day moving average of $151.94. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25.

Airbnb (NASDAQ:ABNB) last released its earnings results on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.23 by $0.18. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.18 EPS. On average, analysts forecast that Airbnb, Inc. will post 4.65 EPS for the current year.

Insider Activity

In other news, CAO David C. Bernstein sold 6,000 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $147.00, for a total value of $882,000.00. Following the completion of the transaction, the chief accounting officer now owns 47,043 shares in the company, valued at approximately $6,915,321. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, CAO David C. Bernstein sold 6,000 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $147.00, for a total value of $882,000.00. Following the completion of the transaction, the chief accounting officer now owns 47,043 shares in the company, valued at approximately $6,915,321. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Joseph Gebbia sold 44,990 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $150.04, for a total transaction of $6,750,299.60. Following the completion of the transaction, the director now owns 46,467 shares of the company’s stock, valued at approximately $6,971,908.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 541,307 shares of company stock worth $80,480,423. 27.83% of the stock is currently owned by corporate insiders.

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.