Markel Group Inc. Acquires 15,130 Shares of Airbnb, Inc. $ABNB

Markel Group Inc. lifted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 7.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 227,133 shares of the company’s stock after purchasing an additional 15,130 shares during the quarter. Markel Group Inc.’s holdings in Airbnb were worth $27,578,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. DDD Partners LLC raised its holdings in shares of Airbnb by 3.9% in the 2nd quarter. DDD Partners LLC now owns 2,041 shares of the company’s stock valued at $270,000 after purchasing an additional 76 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its stake in Airbnb by 70.9% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after buying an additional 83 shares during the period. SBI Securities Co. Ltd. raised its stake in Airbnb by 0.8% in the second quarter. SBI Securities Co. Ltd. now owns 10,552 shares of the company’s stock valued at $1,396,000 after buying an additional 85 shares during the period. Brookstone Capital Management lifted its position in shares of Airbnb by 4.0% in the third quarter. Brookstone Capital Management now owns 2,350 shares of the company’s stock valued at $285,000 after buying an additional 91 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of Airbnb by 4.3% during the 2nd quarter. IFP Advisors Inc now owns 2,398 shares of the company’s stock worth $317,000 after acquiring an additional 99 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ABNB shares. KeyCorp began coverage on shares of Airbnb in a research report on Thursday, October 23rd. They issued a “sector weight” rating for the company. Jefferies Financial Group boosted their price objective on shares of Airbnb from $160.00 to $165.00 and gave the company a “buy” rating in a report on Friday, December 5th. Cantor Fitzgerald raised shares of Airbnb from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $117.00 to $141.00 in a report on Thursday, January 8th. DA Davidson reiterated a “buy” rating and issued a $155.00 price target on shares of Airbnb in a research report on Friday, December 5th. Finally, Truist Financial increased their price target on Airbnb from $104.00 to $107.00 and gave the stock a “sell” rating in a research report on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Airbnb has a consensus rating of “Hold” and an average price target of $147.84.

Insiders Place Their Bets

In related news, CFO Elinor Mertz sold 3,750 shares of the firm’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $135.94, for a total value of $509,775.00. Following the sale, the chief financial officer directly owned 414,280 shares of the company’s stock, valued at $56,317,223.20. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Brian Chesky sold 51,230 shares of Airbnb stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $131.16, for a total value of $6,719,326.80. Following the completion of the transaction, the chief executive officer owned 45,854 shares in the company, valued at approximately $6,014,210.64. This represents a 52.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,144,872 shares of company stock valued at $140,439,638 in the last quarter. Corporate insiders own 27.83% of the company’s stock.

Airbnb Trading Up 0.9%

Shares of Airbnb stock opened at $133.39 on Tuesday. The company has a market cap of $82.11 billion, a PE ratio of 31.68, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. The company has a 50 day moving average of $129.18 and a 200-day moving average of $127.50. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the business earned $2.13 earnings per share. The business’s revenue was up 9.9% compared to the same quarter last year. Research analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Airbnb Company Profile

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.