Bamco Inc. NY Purchases 364,499 Shares of Airbnb, Inc. $ABNB

Bamco Inc. NY grew its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 272.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 498,499 shares of the company’s stock after purchasing an additional 364,499 shares during the quarter. Bamco Inc. NY’s holdings in Airbnb were worth $65,971,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ABNB. Public Sector Pension Investment Board grew its holdings in Airbnb by 10.8% during the 1st quarter. Public Sector Pension Investment Board now owns 58,816 shares of the company’s stock worth $7,026,000 after acquiring an additional 5,717 shares during the period. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Airbnb by 5.9% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 14,236 shares of the company’s stock worth $1,701,000 after purchasing an additional 795 shares during the period. Neuberger Berman Group LLC increased its holdings in Airbnb by 48.8% in the first quarter. Neuberger Berman Group LLC now owns 15,443 shares of the company’s stock valued at $1,845,000 after purchasing an additional 5,064 shares during the last quarter. Sit Investment Associates Inc. increased its holdings in Airbnb by 42.8% in the first quarter. Sit Investment Associates Inc. now owns 16,870 shares of the company’s stock valued at $2,015,000 after purchasing an additional 5,060 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its stake in Airbnb by 74.8% in the first quarter. Vestmark Advisory Solutions Inc. now owns 20,514 shares of the company’s stock valued at $2,451,000 after buying an additional 8,780 shares during the period. 80.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. BTIG Research restated a “neutral” rating on shares of Airbnb in a research report on Friday, November 7th. Barclays lifted their price objective on shares of Airbnb from $105.00 to $107.00 and gave the stock an “underweight” rating in a research note on Friday, November 7th. DA Davidson reiterated a “buy” rating and issued a $155.00 target price on shares of Airbnb in a report on Friday, December 5th. KeyCorp began coverage on shares of Airbnb in a research report on Thursday, October 23rd. They set a “sector weight” rating on the stock. Finally, BNP Paribas Exane started coverage on shares of Airbnb in a research report on Monday, November 24th. They issued a “neutral” rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $143.88.

Insider Activity

In related news, insider Nathan Blecharczyk sold 141,063 shares of Airbnb stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $121.96, for a total value of $17,204,043.48. Following the sale, the insider owned 11,520 shares of the company’s stock, valued at approximately $1,404,979.20. This trade represents a 92.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph Gebbia sold 236,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $120.76, for a total value of $28,499,360.00. Following the completion of the sale, the director owned 1,176,015 shares in the company, valued at $142,015,571.40. The trade was a 16.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,847,828 shares of company stock valued at $224,091,067 over the last ninety days. 27.91% of the stock is owned by insiders.

Airbnb Stock Up 0.3%

Shares of ABNB stock opened at $128.39 on Friday. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The firm has a fifty day moving average of $121.99 and a 200-day moving average of $127.42. The company has a market capitalization of $79.03 billion, a price-to-earnings ratio of 30.50, a P/E/G ratio of 2.25 and a beta of 1.11.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.10). The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The company’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.13 earnings per share. On average, equities analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

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.