Airbnb, Inc. $ABNB Shares Sold by Blair William & Co. IL

Blair William & Co. IL lowered its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 30.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,244 shares of the company’s stock after selling 42,640 shares during the quarter. Blair William & Co. IL’s holdings in Airbnb were worth $11,807,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new stake in Airbnb in the 3rd quarter valued at about $25,000. Root Financial Partners LLC purchased a new stake in shares of Airbnb during the third quarter worth approximately $32,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in Airbnb by 55.5% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 311 shares of the company’s stock valued at $38,000 after acquiring an additional 111 shares in the last quarter. SJS Investment Consulting Inc. raised its holdings in Airbnb by 4,255.6% in the third quarter. SJS Investment Consulting Inc. now owns 392 shares of the company’s stock valued at $48,000 after acquiring an additional 383 shares in the last quarter. Finally, Armstrong Advisory Group Inc. lifted its stake in Airbnb by 57.6% in the third quarter. Armstrong Advisory Group Inc. now owns 402 shares of the company’s stock worth $49,000 after acquiring an additional 147 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on ABNB. DA Davidson lowered their price target on shares of Airbnb from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Argus upgraded shares of Airbnb to a “strong-buy” rating in a report on Tuesday, February 17th. Citigroup raised shares of Airbnb from a “neutral” rating to an “outperform” rating in a research report on Wednesday, February 4th. Morgan Stanley set a $120.00 target price on shares of Airbnb in a research note on Friday, February 13th. Finally, Benchmark dropped their target price on Airbnb from $155.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $149.42.

Insider Activity at Airbnb

In other news, Director Joseph Gebbia sold 58,000 shares of Airbnb stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $121.97, for a total transaction of $7,074,260.00. Following the sale, the director owned 344,015 shares in the company, valued at approximately $41,959,509.55. The trade was a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Elinor Mertz sold 3,750 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $130.00, for a total value of $487,500.00. Following the completion of the sale, the chief financial officer directly owned 402,417 shares of the company’s stock, valued at $52,314,210. The trade was a 0.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 449,488 shares of company stock valued at $58,706,854 in the last ninety days. 27.83% of the stock is currently owned by insiders.

Airbnb Trading Up 0.6%

ABNB stock opened at $134.03 on Tuesday. The stock has a market cap of $81.59 billion, a P/E ratio of 33.18, a PEG ratio of 1.50 and a beta of 1.12. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $143.88. The company’s 50 day moving average is $130.50 and its two-hundred day moving average is $126.63.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 12th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.10). The company had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.71 billion. Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The company’s quarterly revenue was up 12.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.73 EPS. On average, equities research analysts predict that Airbnb, Inc. will post 4.31 earnings per share 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.