STF Management LP Sells 4,033 Shares of Airbnb, Inc. $ABNB

STF Management LP decreased its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 62.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 2,477 shares of the company’s stock after selling 4,033 shares during the period. STF Management LP’s holdings in Airbnb were worth $336,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. iA Global Asset Management Inc. increased its position in shares of Airbnb by 6.4% during the 4th quarter. iA Global Asset Management Inc. now owns 52,878 shares of the company’s stock worth $7,177,000 after purchasing an additional 3,189 shares in the last quarter. Investidor Profissional Gestao de Recursos Ltda. increased its position in shares of Airbnb by 110.7% during the 4th quarter. Investidor Profissional Gestao de Recursos Ltda. now owns 40,780 shares of the company’s stock worth $5,535,000 after purchasing an additional 21,422 shares in the last quarter. Beese Fulmer Investment Management Inc. acquired a new stake in Airbnb in the 4th quarter valued at about $672,000. Canada Post Corp Registered Pension Plan increased its position in Airbnb by 122.5% in the 4th quarter. Canada Post Corp Registered Pension Plan now owns 8,500 shares of the company’s stock valued at $1,154,000 after acquiring an additional 4,680 shares in the last quarter. Finally, AlphaCore Capital LLC increased its position in Airbnb by 53.7% in the 4th quarter. AlphaCore Capital LLC now owns 4,323 shares of the company’s stock valued at $587,000 after acquiring an additional 1,511 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Ratings Changes

ABNB has been the subject of several research reports. B. Riley Financial restated a “buy” rating on shares of Airbnb in a research report on Friday, May 8th. UBS Group raised their target price on shares of Airbnb from $153.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Robert W. Baird set a $150.00 target price on shares of Airbnb in a research note on Friday, May 8th. TD Cowen raised their target price on shares of Airbnb from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, Citizens Jmp raised their target price on shares of Airbnb from $160.00 to $170.00 and gave the company a “market outperform” rating in a research note on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Airbnb has a consensus rating of “Moderate Buy” and a consensus target price of $157.67.

Insiders Place Their Bets

In other Airbnb news, Director Joseph Gebbia sold 58,000 shares of Airbnb stock in a transaction on Monday, April 6th. The shares were sold at an average price of $126.16, for a total transaction of $7,317,280.00. Following the completion of the transaction, the director directly owned 170,015 shares of the company’s stock, valued at $21,449,092.40. The trade was a 25.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nathan Blecharczyk sold 60,136 shares of Airbnb stock in a transaction on Friday, May 8th. The stock was sold at an average price of $145.70, for a total transaction of $8,761,815.20. Following the transaction, the insider directly owned 11,920 shares of the company’s stock, valued at approximately $1,736,744. This trade represents a 83.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 459,838 shares of company stock worth $62,185,245. 27.21% of the stock is owned by corporate insiders.

Airbnb Stock Performance

Shares of ABNB stock opened at $132.85 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $80.07 billion, a P/E ratio of 32.72, a price-to-earnings-growth ratio of 1.42 and a beta of 1.20. The company’s 50 day moving average price is $133.56 and its two-hundred day moving average price is $129.61. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $147.25.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter last year, the business earned $0.24 earnings per share. Airbnb’s revenue for the quarter was up 17.9% on a year-over-year basis. On average, analysts expect that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

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.