Airbnb, Inc. $ABNB Shares Bought by Brighton Jones LLC

Brighton Jones LLC raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,418 shares of the company’s stock after acquiring an additional 5,725 shares during the quarter. Airbnb accounts for about 0.6% of Brighton Jones LLC’s investment portfolio, making the stock its 24th largest holding. Brighton Jones LLC’s holdings in Airbnb were worth $16,886,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. ORG Partners LLC grew its position in Airbnb by 97.0% in the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after acquiring an additional 96 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Airbnb in the third quarter valued at approximately $25,000. Aventura Private Wealth LLC acquired a new stake in Airbnb in the fourth quarter valued at approximately $29,000. Sunbelt Securities Inc. grew its position in Airbnb by 397.7% in the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares in the last quarter. Finally, Wiser Advisor Group LLC acquired a new stake in Airbnb in the third quarter valued at approximately $27,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insiders Place Their Bets

In other Airbnb news, insider Nathan Blecharczyk sold 4,260 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $125.29, for a total transaction of $533,735.40. Following the completion of the transaction, the insider directly owned 49,250 shares of the company’s stock, valued at $6,170,532.50. This trade represents a 7.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Gebbia sold 58,000 shares of the firm’s stock in a transaction on Monday, January 26th. The stock was sold at an average price of $133.28, for a total value of $7,730,240.00. Following the transaction, the director owned 460,015 shares in the company, valued at $61,310,799.20. This trade represents a 11.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 363,510 shares of company stock valued at $46,447,668 in the last ninety days. Corporate insiders own 27.83% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ABNB. UBS Group increased their price objective on shares of Airbnb from $147.00 to $149.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Benchmark lowered their price objective on shares of Airbnb from $155.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Sanford C. Bernstein lowered their price objective on shares of Airbnb from $165.00 to $162.00 and set an “outperform” rating for the company in a research report on Tuesday, January 6th. Weiss Ratings reissued a “hold (c)” rating on shares of Airbnb in a research report on Wednesday, January 21st. Finally, Wedbush restated a “neutral” rating and issued a $130.00 price target on shares of Airbnb in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus target price of $149.40.

Airbnb Price Performance

Shares of ABNB stock opened at $143.59 on Tuesday. The firm has a market cap of $87.40 billion, a P/E ratio of 35.54, a P/E/G ratio of 1.72 and a beta of 1.15. Airbnb, Inc. has a 1-year low of $109.79 and a 1-year high of $143.88. The firm has a fifty day moving average of $129.35 and a two-hundred day moving average of $127.76.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.10). The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.71 billion. Airbnb had a return on equity of 30.88% and a net margin of 20.51%.Airbnb’s revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.73 earnings per share. On average, sell-side analysts expect that Airbnb, Inc. will post 4.96 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.