Airbnb, Inc. $ABNB Shares Acquired by Investment House LLC

Investment House LLC grew its stake in Airbnb, Inc. (NASDAQ:ABNB) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 85,725 shares of the company’s stock after purchasing an additional 4,780 shares during the quarter. Investment House LLC’s holdings in Airbnb were worth $11,635,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ABNB. Harris Associates L P raised its stake in shares of Airbnb by 43.2% in the 2nd quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock valued at $1,884,168,000 after purchasing an additional 4,292,383 shares in the last quarter. Independent Franchise Partners LLP acquired a new stake in shares of Airbnb in the 3rd quarter valued at about $505,672,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Airbnb by 453.5% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock valued at $403,782,000 after purchasing an additional 2,724,682 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Airbnb by 58.6% in the 3rd quarter. AQR Capital Management LLC now owns 4,269,937 shares of the company’s stock valued at $518,456,000 after purchasing an additional 1,577,338 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of Airbnb by 6,623.8% in the 3rd quarter. Van ECK Associates Corp now owns 1,394,109 shares of the company’s stock valued at $169,273,000 after purchasing an additional 1,373,375 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Price Performance

NASDAQ ABNB opened at $131.16 on Wednesday. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $147.25. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. The stock has a market cap of $79.05 billion, a price-to-earnings ratio of 32.31, a price-to-earnings-growth ratio of 1.44 and a beta of 1.20. The company has a 50-day moving average price of $133.49 and a two-hundred day moving average price of $129.70.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter last year, the company posted $0.24 EPS. Airbnb’s revenue for the quarter was up 17.9% on a year-over-year basis. Analysts forecast that Airbnb, Inc. will post 4.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ABNB. Royal Bank Of Canada upped their target price on shares of Airbnb from $170.00 to $173.00 and gave the company a “moderate buy” rating in a research note on Friday, May 8th. Needham & Company LLC began coverage on shares of Airbnb in a research note on Monday, May 4th. They set a “buy” rating on the stock. HSBC lowered shares of Airbnb from a “hold” rating to a “hold” rating in a research note on Monday, May 4th. Barclays increased their price objective on shares of Airbnb from $122.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Finally, Robert W. Baird set a $150.00 price objective on shares of Airbnb in a research note on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $157.67.

Insider Activity

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

Airbnb 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.