KBC Group NV Has $16.83 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

KBC Group NV increased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 47.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 128,054 shares of the company’s stock after buying an additional 41,446 shares during the quarter. KBC Group NV’s holdings in Airbnb were worth $16,828,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its position in Airbnb by 6,085.6% in the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after purchasing an additional 4,172,985 shares during the last quarter. Meritage Group LP bought a new position in Airbnb in the 3rd quarter valued at approximately $160,985,000. Edgewood Management LLC boosted its position in Airbnb by 9.2% during the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after buying an additional 1,143,464 shares during the period. International Assets Investment Management LLC grew its holdings in Airbnb by 19,430.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock worth $1,419,610,000 after acquiring an additional 1,113,747 shares during the last quarter. Finally, Temasek Holdings Private Ltd grew its holdings in Airbnb by 91.3% during the 3rd quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock worth $294,726,000 after acquiring an additional 1,109,076 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

ABNB has been the topic of several recent research reports. DA Davidson lifted their target price on Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. Jefferies Financial Group upped their price objective on shares of Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. UBS Group lifted their target price on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Piper Sandler upped their price target on shares of Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Benchmark reissued a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a research report on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $139.63.

Airbnb Stock Up 1.6 %

Shares of NASDAQ ABNB opened at $131.05 on Wednesday. The stock has a 50 day moving average price of $133.90 and a 200 day moving average price of $130.87. The firm has a market capitalization of $83.08 billion, a price-to-earnings ratio of 45.98, a PEG ratio of 1.80 and a beta of 1.13. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the previous year, the company posted $2.39 EPS. Sell-side analysts expect that Airbnb, Inc. will post 3.98 earnings per share for the current year.

Insider Activity at Airbnb

In related news, Director Joseph Gebbia sold 19,448 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $137.14, for a total value of $2,667,098.72. Following the sale, the director now owns 2,509 shares in the company, valued at $344,084.26. This represents a 88.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Chesky sold 38,461 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $133.19, for a total transaction of $5,122,620.59. Following the completion of the sale, the chief executive officer now directly owns 12,460,447 shares in the company, valued at $1,659,606,935.93. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,157,308 shares of company stock valued at $153,981,848 over the last 90 days. 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.