Shelton Capital Management Raises Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Shelton Capital Management lifted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 4.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,649 shares of the company’s stock after buying an additional 1,327 shares during the period. Shelton Capital Management’s holdings in Airbnb were worth $4,312,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Geode Capital Management LLC raised its stake in shares of Airbnb by 3.1% during the 1st quarter. Geode Capital Management LLC now owns 4,464,099 shares of the company’s stock worth $555,202,000 after buying an additional 132,429 shares in the last quarter. Norges Bank acquired a new stake in shares of Airbnb in the 4th quarter worth approximately $332,438,000. Bank of New York Mellon Corp grew its holdings in shares of Airbnb by 16.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,132,964 shares of the company’s stock worth $273,361,000 after acquiring an additional 302,730 shares during the period. FIL Ltd grew its holdings in shares of Airbnb by 4.7% in the 1st quarter. FIL Ltd now owns 2,117,939 shares of the company’s stock worth $263,472,000 after acquiring an additional 95,888 shares during the period. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Airbnb by 4.9% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 2,067,936 shares of the company’s stock worth $265,027,000 after acquiring an additional 95,778 shares during the period. 44.19% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Nathan Blecharczyk sold 40,000 shares of Airbnb stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $130.85, for a total transaction of $5,234,000.00. Following the sale, the insider now owns 1,164,797 shares of the company’s stock, valued at $152,413,687.45. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Brian Chesky sold 150,000 shares of Airbnb stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $150.06, for a total transaction of $22,509,000.00. Following the sale, the chief executive officer now owns 16,698,931 shares of the company’s stock, valued at $2,505,841,585.86. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Nathan Blecharczyk sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $130.85, for a total value of $5,234,000.00. Following the sale, the insider now directly owns 1,164,797 shares in the company, valued at approximately $152,413,687.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 537,701 shares of company stock valued at $73,781,416. Insiders own 30.84% of the company’s stock.

Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of research reports. Truist Financial upped their price target on Airbnb from $116.00 to $126.00 and gave the stock a “hold” rating in a report on Friday, September 15th. Credit Suisse Group increased their target price on Airbnb from $150.00 to $165.00 and gave the company a “neutral” rating in a report on Friday, August 4th. Piper Sandler lowered their target price on Airbnb from $142.00 to $123.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. Wedbush lowered their target price on Airbnb from $145.00 to $135.00 and set a “neutral” rating on the stock in a report on Thursday, November 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Airbnb from $102.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday, August 8th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, Airbnb currently has an average rating of “Hold” and a consensus target price of $141.94.

Airbnb Stock Performance

Shares of ABNB stock opened at $127.15 on Friday. The business has a 50 day moving average of $127.63 and a two-hundred day moving average of $127.94. The company has a market cap of $82.45 billion, a P/E ratio of 15.37, a PEG ratio of 1.56 and a beta of 1.26. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. Airbnb, Inc. has a 52 week low of $81.91 and a 52 week high of $154.95.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.