Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 40.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 716,230 shares of the company's stock after acquiring an additional 207,062 shares during the period. Victory Capital Management Inc. owned 0.11% of Airbnb worth $90,825,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in Airbnb by 158.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company's stock valued at $958,279,000 after purchasing an additional 3,558,178 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Airbnb by 19,052.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company's stock valued at $256,784,000 after acquiring an additional 1,684,646 shares in the last quarter. Farallon Capital Management LLC purchased a new stake in shares of Airbnb in the first quarter worth about $265,292,000. International Assets Investment Management LLC boosted its holdings in Airbnb by 19,430.3% in the third quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company's stock valued at $1,419,610,000 after purchasing an additional 1,113,747 shares during the last quarter. Finally, Swedbank AB acquired a new position in shares of Airbnb in the 1st quarter valued at approximately $175,496,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Airbnb Stock Performance

Shares of NASDAQ:ABNB traded up $1.80 during mid-day trading on Thursday, reaching $134.56. The company had a trading volume of 4,733,435 shares, compared to its average volume of 4,513,996. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The firm has a market cap of $86.34 billion, a price-to-earnings ratio of 47.21, a PEG ratio of 1.88 and a beta of 1.15. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The company's 50-day moving average price is $130.25 and its 200-day moving average price is $136.96.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter last year, the company posted $2.39 earnings per share. As a group, equities research analysts anticipate that Airbnb, Inc. will post 4.04 EPS for the current fiscal year.

Analyst Ratings Changes

ABNB has been the subject of several research analyst reports. Argus downgraded shares of Airbnb from a "buy" rating to a "hold" rating in a research report on Wednesday, September 4th. Piper Sandler raised their price target on shares of Airbnb from $125.00 to $145.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. The Goldman Sachs Group lowered their price objective on shares of Airbnb from $130.00 to $111.00 and set a "sell" rating for the company in a research report on Thursday, August 8th. Raymond James began coverage on Airbnb in a research note on Friday, September 27th. They issued a "market perform" rating and a $134.00 target price for the company. Finally, BMO Capital Markets lowered their price target on shares of Airbnb from $151.00 to $130.00 and set a "market perform" rating for the company in a research report on Wednesday, August 7th. Six analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $139.31.

Insider Activity at Airbnb

In other news, Director Joseph Gebbia sold 11,635 shares of the business's stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total value of $1,596,322.00. Following the completion of the transaction, the director now directly owns 16,472 shares of the company's stock, valued at approximately $2,259,958.40. The trade was a 41.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Brian Chesky sold 230,769 shares of the company's stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 13,315,912 shares of the company's stock, valued at approximately $1,597,909,440. The trade was a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 417,806 shares of company stock worth $51,809,831. Corporate insiders own 27.83% of the company's stock.

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.