Baader Bank Aktiengesellschaft Has $7.86 Million Holdings in Airbnb, Inc. $ABNB

Baader Bank Aktiengesellschaft decreased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 20.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 64,794 shares of the company’s stock after selling 16,979 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Airbnb were worth $7,855,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ABNB. Vanguard Group Inc. increased its stake in Airbnb by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 37,645,965 shares of the company’s stock valued at $4,982,067,000 after purchasing an additional 183,336 shares in the last quarter. Harris Associates L P increased its position in shares of Airbnb by 43.2% during the second quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock worth $1,884,168,000 after acquiring an additional 4,292,383 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Airbnb by 1.5% during the second quarter. Geode Capital Management LLC now owns 9,942,423 shares of the company’s stock worth $1,314,057,000 after acquiring an additional 145,788 shares in the last quarter. Norges Bank acquired a new stake in shares of Airbnb in the 2nd quarter worth about $483,644,000. Finally, Akre Capital Management LLC lifted its position in Airbnb by 19.0% in the 2nd quarter. Akre Capital Management LLC now owns 3,473,243 shares of the company’s stock valued at $459,649,000 after acquiring an additional 555,510 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Airbnb

In related news, Director Joseph Gebbia sold 232,000 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $114.22, for a total value of $26,499,040.00. Following the transaction, the director owned 15 shares in the company, valued at approximately $1,713.30. This represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nathan Blecharczyk sold 141,063 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $121.96, for a total value of $17,204,043.48. Following the transaction, the insider directly 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 970,022 shares of company stock worth $120,106,336 over the last three months. 27.83% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. BNP Paribas Exane initiated coverage on Airbnb in a report on Monday, November 24th. They set a “hold” rating for the company. Mizuho set a $156.00 price target on Airbnb in a report on Friday, November 7th. Citigroup raised Airbnb from a “neutral” rating to an “outperform” rating in a research report on Wednesday, February 4th. Jefferies Financial Group lifted their price objective on shares of Airbnb from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Finally, Wells Fargo & Company set a $128.00 target price on shares of Airbnb and gave the stock an “equal weight” rating in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nineteen have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $148.85.

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $120.32 on Wednesday. The company has a market capitalization of $74.06 billion, a P/E ratio of 28.58, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15. The company’s 50-day moving average is $131.42 and its 200 day moving average is $126.52. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93.

About Airbnb

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.