Airbnb, Inc. $ABNB Stock Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. lowered its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 11.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 658,029 shares of the company’s stock after selling 88,790 shares during the period. Mawer Investment Management Ltd. owned 0.11% of Airbnb worth $105,712,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ABNB. Allworth Financial LP boosted its holdings in shares of Airbnb by 2.8% in the third quarter. Allworth Financial LP now owns 14,702 shares of the company’s stock worth $2,362,000 after acquiring an additional 402 shares during the period. Ariadne Wealth Management LP grew its position in shares of Airbnb by 11.0% in the third quarter. Ariadne Wealth Management LP now owns 1,891 shares of the company’s stock valued at $304,000 after purchasing an additional 188 shares in the last quarter. Eurizon Capital SGR S.p.A. raised its stake in shares of Airbnb by 2.8% during the 3rd quarter. Eurizon Capital SGR S.p.A. now owns 133,139 shares of the company’s stock valued at $21,047,000 after purchasing an additional 3,628 shares during the period. Werba Rubin Papier Wealth Management bought a new stake in shares of Airbnb during the 3rd quarter valued at $216,000. Finally, CENTRAL TRUST Co raised its stake in shares of Airbnb by 5,129.2% during the 3rd quarter. CENTRAL TRUST Co now owns 1,255 shares of the company’s stock valued at $202,000 after purchasing an additional 1,231 shares during the period. 80.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ABNB. Raymond James Financial reissued an “outperform” rating on shares of Airbnb in a report on Tuesday, November 3rd. Morgan Stanley began coverage on Airbnb in a report on Wednesday, September 16th. They set an “equal weight” rating and a $170.00 target price for the company. Robert W. Baird upped their price target on Airbnb from $175.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, September 8th. Evercore reissued an “outperform” rating and issued a $230.00 price target on shares of Airbnb in a report on Friday, November 6th. Finally, B. Riley Financial reissued a “buy” rating and issued a $230.00 price target (up from $210.00) on shares of Airbnb in a report on Friday, November 6th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, fifteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $195.46.

More Airbnb News

These are some of the ABNB news items that stood out recently:

• Positive Sentiment: DBS initiated a Buy view on Airbnb, adding a supportive analyst endorsement. Airbnb Receives a Buy from DBS
• Positive Sentiment: Airbnb’s recent quarterly results beat analyst expectations for both earnings and revenue, with revenue up 18.9% year over year. The earnings strength helped the stock stand out amid broader technology-sector weakness. Can Airbnb’s post-earnings rally last?
• Negative Sentiment: Two reported insider sales totaled about $21.9 million in Airbnb stock. Such sales can weigh on sentiment, although the reports alone do not establish the sellers’ reasons. Airbnb insider sells $19.3 million in stock Airbnb insider sells $2.6 million in stock

Airbnb Price Performance

Shares of Airbnb stock traded up $5.65 on Friday, hitting $186.78. 4,972,144 shares of the company traded hands, compared to its average volume of 4,639,410. Airbnb, Inc. has a 12-month low of $110.81 and a 12-month high of $197.87. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.25. The company has a market cap of $111.46 billion, a P/E ratio of 34.91, a P/E/G ratio of 1.92 and a beta of 1.26. The firm’s 50-day simple moving average is $169.12 and its 200 day simple moving average is $149.02.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 5th. The company reported $3.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.85 by $0.31. The company had revenue of $4.87 billion during the quarter, compared to analyst estimates of $4.75 billion. Airbnb had a net margin of 23.02% and a return on equity of 38.94%. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. During the same period in the previous year, the business earned $2.21 earnings per share. Analysts expect that Airbnb, Inc. will post 5.49 earnings per share for the current fiscal year.

Insider Activity

In other Airbnb news, CAO David Bernstein sold 1,756 shares of Airbnb stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $167.38, for a total transaction of $293,919.28. Following the completion of the sale, the chief accounting officer owned 43,899 shares of the company’s stock, valued at $7,347,814.62. The trade was a 3.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nathan Blecharczyk sold 13,625 shares of the company’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $194.37, for a total value of $2,648,291.25. Following the completion of the transaction, the insider owned 20,567 shares of the company’s stock, valued at $3,997,607.79. The trade was a 39.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 638,891 shares of company stock valued at $120,204,649. Corporate insiders own 27.21% of the company’s stock.

About Airbnb

Airbnb operates an online marketplace that connects travelers with hosts offering short-term stays and other travel-related services. Listings include apartments, houses, rooms and distinctive accommodations, with options ranging from brief visits to longer stays. The platform also offers bookable experiences in destinations around the world. Founded in 2007 in San Francisco, Airbnb was started by Brian Chesky, Nathan Blecharczyk and Joe Gebbia. The company serves guests and hosts in more than 220 countries and regions, providing tools for listing properties, managing reservations and handling payments.