Charles Schwab Investment Management Inc. Has $343.19 Million Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.0% in the third quarter, HoldingsChannel reports. The firm owned 2,706,296 shares of the company’s stock after acquiring an additional 52,358 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Airbnb were worth $343,185,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Shell Asset Management Co. grew its holdings in shares of Airbnb by 180.2% during the first quarter. Shell Asset Management Co. now owns 3,433 shares of the company’s stock worth $566,000 after purchasing an additional 2,208 shares during the last quarter. CreativeOne Wealth LLC bought a new position in shares of Airbnb in the first quarter valued at about $461,000. EP Wealth Advisors LLC lifted its position in Airbnb by 8.0% during the 1st quarter. EP Wealth Advisors LLC now owns 2,160 shares of the company’s stock worth $356,000 after buying an additional 160 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in Airbnb by 10.2% during the 1st quarter. Advisors Asset Management Inc. now owns 10,883 shares of the company’s stock worth $1,795,000 after acquiring an additional 1,008 shares during the last quarter. Finally, 1832 Asset Management L.P. increased its position in Airbnb by 19.1% in the 1st quarter. 1832 Asset Management L.P. now owns 140,552 shares of the company’s stock valued at $23,185,000 after acquiring an additional 22,492 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total value of $28,088,477.80. Following the completion of the transaction, the director now owns 10,321 shares of the company’s stock, valued at $1,352,876.68. This trade represents a 95.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $72,000.00. Following the completion of the sale, the chief technology officer now directly owns 195,844 shares in the company, valued at approximately $23,501,280. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 641,094 shares of company stock worth $81,077,447. Corporate insiders own 27.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ABNB shares. Benchmark reiterated a “buy” rating and set a $155.00 target price on shares of Airbnb in a research report on Friday, November 8th. TD Cowen upped their price objective on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Bank of America reiterated a “hold” rating and issued a $142.00 price objective (up from $132.00) on shares of Airbnb in a research report on Friday, October 11th. Sanford C. Bernstein dropped their target price on Airbnb from $174.00 to $155.00 and set an “outperform” rating for the company in a research report on Tuesday, September 17th. Finally, DA Davidson upped their price target on Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Six analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $138.97.

Airbnb Stock Up 3.1 %

ABNB stock opened at $137.34 on Friday. The business has a 50-day moving average of $132.73 and a 200-day moving average of $135.86. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The stock has a market capitalization of $87.07 billion, a P/E ratio of 48.19, a P/E/G ratio of 1.86 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business 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 period in the prior year, the firm earned $2.39 EPS. On average, sell-side analysts anticipate that Airbnb, Inc. will post 4.04 earnings per share for the current fiscal year.

Airbnb Company Profile

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.