Hussman Strategic Advisors Inc. Makes New $2.55 Million Investment in Airbnb, Inc. $ABNB

Hussman Strategic Advisors Inc. purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 21,000 shares of the company’s stock, valued at approximately $2,550,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Caxton Associates LLP bought a new stake in Airbnb in the 1st quarter valued at approximately $258,000. Intech Investment Management LLC raised its holdings in shares of Airbnb by 55.8% in the first quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock valued at $1,453,000 after purchasing an additional 4,353 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Airbnb by 18.8% in the second quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock valued at $776,000 after purchasing an additional 927 shares during the last quarter. Avior Wealth Management LLC lifted its position in shares of Airbnb by 25.5% in the second quarter. Avior Wealth Management LLC now owns 2,395 shares of the company’s stock worth $317,000 after purchasing an additional 486 shares in the last quarter. Finally, GC Wealth Management RIA LLC acquired a new position in Airbnb during the second quarter worth $2,131,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ABNB. Truist Financial lifted their price target on shares of Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a research note on Thursday, December 4th. UBS Group set a $130.00 price objective on Airbnb in a report on Tuesday, January 13th. Wells Fargo & Company set a $128.00 target price on Airbnb and gave the stock an “equal weight” rating in a report on Friday, January 9th. Barclays set a $120.00 price target on Airbnb and gave the company an “equal weight” rating in a research note on Friday, January 9th. Finally, Jefferies Financial Group upped their price objective on Airbnb from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $147.84.

Airbnb Stock Down 0.9%

NASDAQ:ABNB opened at $132.22 on Wednesday. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The firm has a market capitalization of $81.39 billion, a price-to-earnings ratio of 31.41, a P/E/G ratio of 2.07 and a beta of 1.09. The stock’s 50 day moving average price is $129.52 and its two-hundred day moving average price is $127.47.

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

Insider Activity

In other news, CEO Brian Chesky sold 51,230 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $131.16, for a total transaction of $6,719,326.80. Following the completion of the sale, the chief executive officer owned 45,854 shares in the company, valued at approximately $6,014,210.64. This trade represents a 52.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Joseph Gebbia sold 236,000 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $120.66, for a total transaction of $28,475,760.00. Following the completion of the transaction, the director owned 232,015 shares in the company, valued at approximately $27,994,929.90. This trade represents a 50.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,144,872 shares of company stock valued at $140,439,638 over the last ninety days. 27.83% of the stock is currently owned by company insiders.

Airbnb Company 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.