Chicago Partners Investment Group LLC Grows Stock Position in Airbnb, Inc. $ABNB

Chicago Partners Investment Group LLC raised its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 87.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,155 shares of the company’s stock after buying an additional 10,808 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Airbnb were worth $2,964,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Kentucky Trust Co purchased a new stake in Airbnb in the second quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Airbnb by 70.9% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after purchasing an additional 83 shares during the last quarter. Concord Wealth Partners acquired a new position in shares of Airbnb in the 2nd quarter valued at $28,000. Whipplewood Advisors LLC grew its stake in shares of Airbnb by 235.3% during the 2nd quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock valued at $30,000 after buying an additional 160 shares during the period. Finally, Root Financial Partners LLC acquired a new stake in shares of Airbnb during the 3rd quarter worth $32,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. UBS Group set a $130.00 target price on Airbnb in a report on Tuesday, January 13th. B. Riley raised shares of Airbnb from a “neutral” rating to a “buy” rating and increased their target price for the stock from $140.00 to $170.00 in a research report on Monday, January 12th. Royal Bank Of Canada restated an “outperform” rating on shares of Airbnb in a report on Wednesday, January 14th. DA Davidson reaffirmed a “buy” rating and set a $155.00 price target on shares of Airbnb in a research report on Friday, December 5th. Finally, BTIG Research reissued a “neutral” rating on shares of Airbnb in a research report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $147.84.

Insider Activity at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $120.66, for a total transaction of $28,475,760.00. Following the completion of the sale, the director owned 232,015 shares in the company, valued at $27,994,929.90. This trade represents a 50.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 141,063 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $121.96, for a total value of $17,204,043.48. Following the completion of the transaction, the insider directly owned 11,520 shares in the company, valued at approximately $1,404,979.20. The trade was a 92.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,400,556 shares of company stock valued at $173,288,845. Insiders own 27.91% of the company’s stock.

Airbnb Trading Up 2.2%

Shares of ABNB stock opened at $133.59 on Thursday. The firm has a fifty day simple moving average of $128.41 and a 200-day simple moving average of $127.64. The company has a market capitalization of $82.23 billion, a PE ratio of 31.73, a price-to-earnings-growth ratio of 2.03 and a beta of 1.09. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93.

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

About Airbnb

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.