Vanguard Personalized Indexing Management LLC Grows Stake in Airbnb, Inc. (NASDAQ:ABNB)

Vanguard Personalized Indexing Management LLC increased its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 2.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,446 shares of the company’s stock after buying an additional 666 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Airbnb were worth $3,856,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new position in Airbnb in the 1st quarter worth approximately $25,000. New Millennium Group LLC purchased a new position in Airbnb in the second quarter worth $28,000. Trust Co. of Vermont purchased a new position in Airbnb in the fourth quarter worth $27,000. Westend Capital Management LLC bought a new position in Airbnb in the first quarter valued at $33,000. Finally, Northwest Investment Counselors LLC purchased a new stake in Airbnb during the first quarter valued at about $33,000. Institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on ABNB. TD Cowen cut their price objective on Airbnb from $170.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Wells Fargo & Company cut their target price on Airbnb from $129.00 to $100.00 and set an “underweight” rating for the company in a research note on Wednesday, August 7th. Morgan Stanley lifted their price target on shares of Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 23rd. The Goldman Sachs Group cut their price objective on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating for the company in a research note on Thursday, August 8th. Finally, Royal Bank of Canada decreased their target price on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Airbnb has an average rating of “Hold” and a consensus target price of $134.17.

Airbnb Trading Up 5.2 %

ABNB opened at $128.75 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The stock has a market cap of $82.92 billion, a PE ratio of 17.24, a PEG ratio of 1.54 and a beta of 1.16. The business has a 50 day moving average of $126.26 and a 200-day moving average of $145.03.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.06). The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.98 EPS. Equities research analysts predict that Airbnb, Inc. will post 4.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 230,769 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the completion of the transaction, the chief executive officer now owns 13,315,912 shares of the company’s stock, valued at $1,597,909,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Brian Chesky sold 230,769 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $27,692,280.00. Following the sale, the chief executive officer now directly owns 13,315,912 shares of the company’s stock, valued at $1,597,909,440. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the completion of the transaction, the chief technology officer now directly owns 198,244 shares of the company’s stock, valued at approximately $23,579,141.36. The disclosure for this sale can be found here. Insiders have sold 685,451 shares of company stock valued at $95,552,289 over the last quarter. Corporate insiders own 27.83% 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.