Airbnb, Inc. $ABNB Shares Purchased by Abacus FCF Advisors LLC

Abacus FCF Advisors LLC raised its stake in Airbnb, Inc. (NASDAQ:ABNB) by 7.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 135,577 shares of the company’s stock after buying an additional 9,864 shares during the period. Airbnb makes up approximately 2.2% of Abacus FCF Advisors LLC’s holdings, making the stock its 20th largest holding. Abacus FCF Advisors LLC’s holdings in Airbnb were worth $16,462,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ABNB. Clark Asset Management LLC purchased a new position in shares of Airbnb during the 3rd quarter worth $204,000. Prentiss Smith & Co. Inc. purchased a new stake in shares of Airbnb in the third quarter worth about $232,000. waypoint wealth counsel raised its stake in shares of Airbnb by 145.9% during the third quarter. waypoint wealth counsel now owns 5,004 shares of the company’s stock valued at $608,000 after purchasing an additional 2,969 shares during the period. Tripletail Wealth Management LLC purchased a new stake in Airbnb during the 3rd quarter worth $98,000. Finally, Fort Washington Investment Advisors Inc. OH increased its position in shares of Airbnb by 3.5% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 962,551 shares of the company’s stock worth $116,873,000 after acquiring an additional 32,501 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. KeyCorp assumed coverage on shares of Airbnb in a research note on Thursday, October 23rd. They set a “sector weight” rating on the stock. Wedbush increased their price objective on shares of Airbnb from $130.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Sanford C. Bernstein reissued an “outperform” rating and set a $165.00 target price on shares of Airbnb in a research note on Friday, November 7th. Barclays upped their target price on shares of Airbnb from $105.00 to $107.00 and gave the stock an “underweight” rating in a research report on Friday, November 7th. Finally, BNP Paribas Exane began coverage on Airbnb in a report on Monday, November 24th. They set a “neutral” rating on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nineteen have given a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $144.48.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $136.62 on Tuesday. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The stock has a market cap of $84.10 billion, a price-to-earnings ratio of 32.45, a PEG ratio of 2.41 and a beta of 1.11. The stock’s 50 day moving average price is $124.92 and its 200 day moving average price is $127.41.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the company earned $2.13 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, sell-side analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Activity at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 58,000 shares of the business’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $130.56, for a total transaction of $7,572,480.00. Following the sale, the director owned 634,015 shares in the company, valued at approximately $82,776,998.40. The trade was a 8.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Elinor Mertz sold 7,500 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $130.00, for a total transaction of $975,000.00. Following the sale, the chief financial officer directly owned 418,030 shares of the company’s stock, valued at $54,343,900. This represents a 1.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,518,606 shares of company stock valued at $185,179,640 over the last ninety days. Company insiders own 27.83% of the company’s stock.

Airbnb 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.