KBC Group NV Has $13.94 Million Stake in Airbnb, Inc. $ABNB

KBC Group NV lowered its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 3.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 110,364 shares of the company’s stock after selling 4,311 shares during the period. KBC Group NV’s holdings in Airbnb were worth $13,937,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of ABNB. ORG Partners LLC raised its position in shares of Airbnb by 97.0% in the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after acquiring an additional 96 shares during the period. Transamerica Financial Advisors LLC raised its holdings in Airbnb by 143.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after purchasing an additional 112 shares during the period. Entrust Financial LLC acquired a new stake in Airbnb in the fourth quarter worth $27,000. Sunbelt Securities Inc. boosted its position in shares of Airbnb by 397.7% during the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares in the last quarter. Finally, Wiser Advisor Group LLC acquired a new position in shares of Airbnb in the 3rd quarter valued at $27,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $144.10 on Wednesday. The company has a fifty day moving average price of $139.46 and a 200 day moving average price of $134.52. The firm has a market cap of $86.85 billion, a PE ratio of 35.49, a PEG ratio of 1.55 and a beta of 1.14. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $150.88.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.05). The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 EPS. Research analysts predict that Airbnb, Inc. will post 4.92 earnings per share for the current fiscal year.

Insider Transactions at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 3,750 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $148.01, for a total value of $555,037.50. Following the sale, the chief financial officer owned 445,290 shares in the company, valued at approximately $65,907,372.90. The trade was a 0.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joseph Gebbia sold 2,460 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $150.00, for a total value of $369,000.00. Following the transaction, the director directly owned 2,595,119 shares of the company’s stock, valued at approximately $389,267,850. This trade represents a 0.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 2,231,864 shares of company stock worth $308,474,278 in the last 90 days. 27.21% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ABNB has been the topic of several research analyst reports. Truist Financial raised their price objective on Airbnb from $129.00 to $134.00 and gave the stock a “hold” rating in a research note on Friday, June 12th. Rodman & Renshaw assumed coverage on Airbnb in a report on Monday, May 4th. They issued a “buy” rating for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $173.00 price target on shares of Airbnb in a research report on Thursday, May 21st. Citigroup reiterated an “outperform” rating on shares of Airbnb in a report on Friday, May 8th. Finally, UBS Group boosted their price objective on Airbnb from $153.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Airbnb presently has an average rating of “Moderate Buy” and a consensus target price of $159.65.

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.