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

Charles Schwab Investment Management Inc. lifted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 2.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,706,296 shares of the company’s stock after purchasing an additional 52,358 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.42% of Airbnb worth $343,185,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insiders Place Their Bets

In related news, Director Joseph Gebbia sold 42,719 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total value of $5,403,099.12. Following the sale, the director now owns 16,472 shares of the company’s stock, valued at $2,083,378.56. The trade was a 72.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nathan Blecharczyk sold 9,603 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the sale, the insider now owns 164,850 shares in the company, valued at $21,466,767. This trade represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 641,094 shares of company stock worth $81,077,447 over the last 90 days. Corporate insiders own 27.83% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. DA Davidson increased their price objective on Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research note on Monday, November 18th. Phillip Securities restated a “reduce” rating and set a $120.00 price target on shares of Airbnb in a report on Tuesday, November 12th. Sanford C. Bernstein dropped their price objective on shares of Airbnb from $174.00 to $155.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 17th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Finally, TD Cowen increased 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. Six investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $138.97.

Airbnb Stock Performance

NASDAQ ABNB opened at $137.34 on Friday. The company’s fifty day moving average is $132.73 and its two-hundred day moving average is $135.86. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market capitalization of $87.07 billion, a price-to-earnings ratio of 48.19, a P/E/G ratio of 1.86 and a beta of 1.15.

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 firm 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 quarter in the prior year, the business posted $2.39 EPS. Equities research analysts forecast that Airbnb, Inc. will post 4.04 EPS for the current 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.