Victory Capital Management Inc. Has $90.83 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Victory Capital Management Inc. increased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 40.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 716,230 shares of the company’s stock after purchasing an additional 207,062 shares during the quarter. Victory Capital Management Inc. owned approximately 0.11% of Airbnb worth $90,825,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Aigen Investment Management LP increased its position in Airbnb by 104.0% in the 3rd quarter. Aigen Investment Management LP now owns 20,205 shares of the company’s stock worth $2,562,000 after buying an additional 10,303 shares during the period. OVERSEA CHINESE BANKING Corp Ltd increased its position in Airbnb by 72.2% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 25,401 shares of the company’s stock worth $3,228,000 after buying an additional 10,648 shares during the period. Entropy Technologies LP bought a new position in Airbnb in the 3rd quarter worth approximately $2,883,000. Apollon Wealth Management LLC increased its position in Airbnb by 3.9% in the 3rd quarter. Apollon Wealth Management LLC now owns 8,705 shares of the company’s stock worth $1,104,000 after buying an additional 328 shares during the period. Finally, Versor Investments LP increased its position in Airbnb by 17.9% in the 3rd quarter. Versor Investments LP now owns 10,036 shares of the company’s stock worth $1,273,000 after buying an additional 1,521 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $750,000.00. Following the transaction, the chief financial officer now directly owns 537,072 shares of the company’s stock, valued at $64,448,640. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 417,806 shares of company stock valued at $51,809,831. Insiders own 27.83% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ABNB. Cantor Fitzgerald reaffirmed an “underweight” rating and issued a $94.00 price target on shares of Airbnb in a research report on Monday, October 7th. Wells Fargo & Company lifted their price target on Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 8th. Truist Financial lowered their price objective on Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. TD Cowen boosted their price objective on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Phillip Securities restated a “reduce” rating and set a $120.00 price objective on shares of Airbnb in a research report on Tuesday. Six research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $139.31.

Airbnb Stock Down 0.3 %

NASDAQ:ABNB opened at $132.76 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market cap of $85.18 billion, a PE ratio of 46.58, a PEG ratio of 1.88 and a beta of 1.15. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The stock has a 50-day simple moving average of $129.90 and a 200 day simple moving average of $136.99.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the company posted $2.39 earnings per share. On average, sell-side analysts expect that Airbnb, Inc. will post 4.04 EPS for the current fiscal year.

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.