Nisa Investment Advisors LLC Purchases 11,585 Shares of Airbnb, Inc. $ABNB

Nisa Investment Advisors LLC grew its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 29.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,738 shares of the company’s stock after purchasing an additional 11,585 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Airbnb were worth $8,151,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ABNB. Carmignac Gestion raised its holdings in Airbnb by 40.8% in the 1st quarter. Carmignac Gestion now owns 659,570 shares of the company’s stock valued at $83,290,000 after acquiring an additional 191,200 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its stake in Airbnb by 21.7% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 42,696 shares of the company’s stock worth $5,392,000 after purchasing an additional 7,613 shares in the last quarter. Plato Investment Management Ltd purchased a new position in Airbnb in the 2nd quarter worth approximately $3,070,000. SummitTX Capital L.P. purchased a new position in Airbnb in the 1st quarter worth approximately $2,645,000. Finally, ZWJ Investment Counsel Inc. boosted its holdings in shares of Airbnb by 16.5% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 85,116 shares of the company’s stock worth $13,674,000 after purchasing an additional 12,025 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Up 1.2%

Airbnb stock opened at $175.76 on Friday. The company has a market capitalization of $105.24 billion, a PE ratio of 39.95, a price-to-earnings-growth ratio of 1.99 and a beta of 1.24. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.41 and a current ratio of 1.41. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $193.45. The firm has a 50 day moving average price of $172.21 and a 200 day moving average price of $152.88.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.11. Airbnb had a return on equity of 33.38% and a net margin of 20.45%. The company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. The firm’s revenue was up 16.3% compared to the same quarter last year. Research analysts expect that Airbnb, Inc. will post 5.29 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on ABNB. Rosenblatt Securities started coverage on Airbnb in a research report on Tuesday, September 1st. They issued a “buy” rating and a $220.00 price target for the company. B. Riley Financial reaffirmed a “buy” rating and set a $210.00 target price (up from $180.00) on shares of Airbnb in a research note on Friday, August 7th. KeyCorp assumed coverage on shares of Airbnb in a report on Friday, October 2nd. They issued a “sector weight” rating on the stock. Citizens Jmp boosted their target price on shares of Airbnb from $190.00 to $200.00 and gave the company a “market outperform” rating in a report on Friday, September 18th. Finally, FBN Securities began coverage on shares of Airbnb in a research note on Friday, October 2nd. They issued an “outperform” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $181.93.

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Expanded American Express distribution: Airbnb is partnering with American Express to add more than one million listings to the Amex Travel platform. Eligible U.S. card members will be able to book Airbnb stays and earn rewards, potentially increasing Airbnb’s visibility, bookings, and access to premium travelers. American Express brings Airbnb bookings and rewards to Amex Travel platform
• Positive Sentiment: Analyst support: RBC Capital maintained its Buy rating on ABNB, reinforcing a constructive view of the company’s investment outlook. RBC Capital Keeps Their Buy Rating on Airbnb
• Neutral Sentiment: Guest-policy changes: Airbnb announced new rules limiting the cleaning chores hosts can require before checkout, including restrictions on demanding that guests strip beds or perform other time-consuming tasks. The changes address a long-standing customer complaint, but their effect on booking behavior and host economics remains uncertain. Airbnb Limits Cleaning Chores Hosts Can Require From Guests
• Negative Sentiment: Host backlash risk: Some hosts have threatened to leave the platform in response to the chore limits, raising concerns about listing supply, host relations, and possible implementation costs. Airbnb limits chores for guests, sparking backlash from hosts
• Negative Sentiment: Insider selling: Insider David Bernstein sold 1,369 ABNB shares. While the transaction is small relative to Airbnb’s market value, insider selling can add modestly to investor caution. Airbnb Stock Insider Sells Shares

Insider Buying and Selling

In other Airbnb news, insider Nathan Blecharczyk sold 531,000 shares of Airbnb stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $174.41, for a total value of $92,611,710.00. Following the completion of the transaction, the insider directly owned 171,370 shares of the company’s stock, valued at $29,888,641.70. The trade was a 75.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brian Chesky sold 200,000 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $174.79, for a total transaction of $34,958,000.00. Following the sale, the chief executive officer owned 10,501,685 shares in the company, valued at $1,835,589,521.15. This trade represents a 1.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,550,715 shares of company stock valued at $269,396,918. Corporate insiders own 27.21% of the company’s stock.

About Airbnb

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel activities with hosts and service providers. Its platform enables users to search for, book and review a broad range of stays, including private rooms, entire homes, apartments and other distinctive properties.

In addition to lodging, Airbnb offers experiences and activities hosted by local individuals and businesses. The company also provides tools and services that help hosts create listings, manage bookings, communicate with guests and receive payments.