Dimensional Fund Advisors LP Has $139.07 Million Position in Airbnb, Inc. $ABNB

Dimensional Fund Advisors LP boosted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 2.5% during the first quarter, Holdings Channel reports. The fund owned 1,101,523 shares of the company’s stock after purchasing an additional 27,077 shares during the period. Dimensional Fund Advisors LP’s holdings in Airbnb were worth $139,069,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Patton Fund Management Inc. increased its holdings in shares of Airbnb by 4.3% in the fourth quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock valued at $254,000 after purchasing an additional 77 shares during the last quarter. BOKF NA raised its position in shares of Airbnb by 11.0% in the fourth quarter. BOKF NA now owns 787 shares of the company’s stock valued at $107,000 after purchasing an additional 78 shares during the period. Yoder Wealth Management Inc. lifted its stake in shares of Airbnb by 0.3% during the 4th quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock worth $3,582,000 after buying an additional 84 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Airbnb by 1.0% during the 3rd quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock worth $1,007,000 after buying an additional 86 shares during the last quarter. Finally, FSB Premier Wealth Management Inc. boosted its holdings in shares of Airbnb by 3.4% during the 4th quarter. FSB Premier Wealth Management Inc. now owns 2,692 shares of the company’s stock worth $365,000 after buying an additional 89 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Price Performance

NASDAQ:ABNB opened at $141.10 on Monday. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $150.88. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. The firm’s 50-day simple moving average is $139.84 and its 200 day simple moving average is $134.61. The firm has a market cap of $85.04 billion, a price-to-earnings ratio of 34.75, a P/E/G ratio of 1.51 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the prior year, the firm earned $0.24 EPS. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.93 earnings per share for the current year.

Insider Buying and Selling at Airbnb

In related news, Director Joseph Gebbia sold 2,460 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $150.00, for a total transaction of $369,000.00. Following the sale, the director owned 2,595,119 shares of the company’s stock, valued at $389,267,850. This represents a 0.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 13,615 shares of the firm’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $148.37, for a total value of $2,020,057.55. Following the transaction, the insider owned 81,677 shares in the company, valued at approximately $12,118,416.49. This trade represents a 14.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,231,864 shares of company stock valued at $308,474,278 in the last three months. Corporate insiders own 27.21% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on ABNB. Sanford C. Bernstein reiterated an “outperform” rating on shares of Airbnb in a research note on Friday, May 22nd. Tigress Financial cut their price objective on shares of Airbnb from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Citizens Jmp boosted their price objective on Airbnb from $160.00 to $170.00 and gave the stock a “market outperform” rating in a report on Friday, May 8th. DA Davidson upped their target price on Airbnb from $150.00 to $162.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, HC Wainwright upgraded Airbnb to a “buy” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Airbnb has a consensus rating of “Moderate Buy” and an average price target of $159.65.

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.