Annis Gardner Whiting Capital Advisors LLC Raises Stock Position in Airbnb, Inc. $ABNB

Annis Gardner Whiting Capital Advisors LLC raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 107.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,634 shares of the company’s stock after purchasing an additional 5,502 shares during the quarter. Annis Gardner Whiting Capital Advisors LLC’s holdings in Airbnb were worth $1,291,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. DDD Partners LLC raised its position in shares of Airbnb by 3.9% during the 2nd quarter. DDD Partners LLC now owns 2,041 shares of the company’s stock valued at $270,000 after buying an additional 76 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its stake in Airbnb by 70.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after acquiring an additional 83 shares during the last quarter. SBI Securities Co. Ltd. raised its position in Airbnb by 0.8% in the second quarter. SBI Securities Co. Ltd. now owns 10,552 shares of the company’s stock valued at $1,396,000 after purchasing an additional 85 shares during the period. Brookstone Capital Management raised its position in Airbnb by 4.0% in the third quarter. Brookstone Capital Management now owns 2,350 shares of the company’s stock valued at $285,000 after purchasing an additional 91 shares during the period. Finally, IFP Advisors Inc lifted its stake in shares of Airbnb by 4.3% in the 2nd quarter. IFP Advisors Inc now owns 2,398 shares of the company’s stock valued at $317,000 after purchasing an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling

In other news, CFO Elinor Mertz sold 3,750 shares of Airbnb stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $135.94, for a total value of $509,775.00. Following the completion of the transaction, the chief financial officer owned 414,280 shares in the company, valued at approximately $56,317,223.20. This trade represents a 0.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 2,565 shares of the business’s stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $134.79, for a total value of $345,736.35. Following the transaction, the chief technology officer directly owned 165,086 shares of the company’s stock, valued at approximately $22,251,941.94. This represents a 1.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,202,272 shares of company stock worth $148,094,596 over the last 90 days. 27.83% of the stock is currently owned by company insiders.

Airbnb Stock Down 0.5%

NASDAQ:ABNB opened at $131.55 on Thursday. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The company has a fifty day simple moving average of $129.86 and a two-hundred day simple moving average of $127.50. The company has a market cap of $80.98 billion, a price-to-earnings ratio of 31.25, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on ABNB. BNP Paribas Exane began coverage on Airbnb in a research report on Monday, November 24th. They set a “hold” rating for the company. Cantor Fitzgerald raised shares of Airbnb from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $117.00 to $141.00 in a research note on Thursday, January 8th. Jefferies Financial Group lifted their price target on shares of Airbnb from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Weiss Ratings restated a “hold (c)” rating on shares of Airbnb in a report on Wednesday, January 21st. Finally, KeyCorp initiated coverage on shares of Airbnb in a research report on Thursday, October 23rd. They set a “sector weight” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $147.84.

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.