4,977 Shares in Airbnb, Inc. $ABNB Purchased by Kestra Investment Management LLC

Kestra Investment Management LLC purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,977 shares of the company’s stock, valued at approximately $675,000.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of Airbnb by 1.7% in the third quarter. Vanguard Group Inc. now owns 38,295,288 shares of the company’s stock valued at $4,649,814,000 after buying an additional 649,323 shares in the last quarter. Harris Associates L P increased its position in shares of Airbnb by 43.2% during the second quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock worth $1,884,168,000 after purchasing an additional 4,292,383 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Airbnb by 58.6% during the third quarter. AQR Capital Management LLC now owns 4,269,937 shares of the company’s stock worth $518,456,000 after purchasing an additional 1,577,338 shares in the last quarter. Independent Franchise Partners LLP purchased a new stake in shares of Airbnb during the third quarter worth approximately $505,672,000. Finally, Akre Capital Management LLC grew its holdings in Airbnb by 19.0% in the 2nd quarter. Akre Capital Management LLC now owns 3,473,243 shares of the company’s stock valued at $459,649,000 after buying an additional 555,510 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Trading Down 0.4%

NASDAQ:ABNB opened at $132.10 on Thursday. The stock’s 50 day moving average price is $133.83 and its 200 day moving average price is $130.08. The company has a market capitalization of $79.62 billion, a PE ratio of 32.54, a P/E/G ratio of 1.42 and a beta of 1.20. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $147.25.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results 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). The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The company’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 EPS. On average, research analysts anticipate that Airbnb, Inc. will post 4.91 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ABNB. Scotiabank initiated coverage on Airbnb in a report on Monday, May 4th. They issued an “outperform” rating for the company. BMO Capital Markets increased their target price on Airbnb from $130.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, February 13th. B. Riley Financial reissued a “buy” rating on shares of Airbnb in a research note on Friday, May 8th. HSBC downgraded Airbnb from a “hold” rating to a “hold” rating in a report on Monday, May 4th. Finally, Benchmark increased their price objective on Airbnb from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $157.67.

Insiders Place Their Bets

In other Airbnb news, CFO Elinor Mertz sold 3,750 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $143.00, for a total transaction of $536,250.00. Following the completion of the sale, the chief financial officer directly owned 463,415 shares of the company’s stock, valued at approximately $66,268,345. This trade represents a 0.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 2,860 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $133.44, for a total value of $381,638.40. Following the completion of the sale, the director directly owned 3,447,355 shares of the company’s stock, valued at $460,015,051.20. This represents a 0.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 457,177 shares of company stock valued at $62,601,233. 27.21% of the stock is owned by company insiders.

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.