Calamos Wealth Management LLC Has $12.82 Million Holdings in Airbnb, Inc. $ABNB

Calamos Wealth Management LLC trimmed its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 79.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,534 shares of the company’s stock after selling 382,371 shares during the quarter. Calamos Wealth Management LLC’s holdings in Airbnb were worth $12,822,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. ORG Partners LLC grew its position in Airbnb by 97.0% during the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after acquiring an additional 96 shares during the last quarter. Transamerica Financial Advisors LLC increased its holdings in Airbnb by 143.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after purchasing an additional 112 shares in the last quarter. Entrust Financial LLC bought a new position in Airbnb in the 4th quarter valued at $27,000. Sunbelt Securities Inc. raised its position in Airbnb by 397.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares during the last quarter. Finally, Wiser Advisor Group LLC acquired a new position in Airbnb in the third quarter worth $27,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Price Performance

Shares of ABNB stock opened at $146.33 on Tuesday. The firm’s 50 day moving average price is $138.59 and its two-hundred day moving average price is $134.10. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $150.19. The stock has a market cap of $88.19 billion, a PE ratio of 36.04, a PEG ratio of 1.59 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last issued 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). The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The business’s revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 EPS. As a group, analysts forecast that Airbnb, Inc. will post 4.91 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on ABNB shares. Benchmark increased their target price on Airbnb from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Cantor Fitzgerald upgraded shares of Airbnb from a “neutral” rating to an “overweight” rating in a research report on Monday, May 4th. Tigress Financial decreased their price objective on shares of Airbnb from $200.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Rodman & Renshaw initiated coverage on shares of Airbnb in a research report on Monday, May 4th. They issued a “buy” rating for the company. Finally, HSBC downgraded shares of Airbnb from a “hold” rating to a “hold” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $158.36.

Insider Transactions at Airbnb

In related news, Director Joseph Gebbia sold 294,903 shares of Airbnb stock in a transaction on Monday, June 29th. The stock was sold at an average price of $148.43, for a total transaction of $43,772,452.29. Following the completion of the sale, the director directly owned 2,622,452 shares of the company’s stock, valued at $389,250,550.36. The trade was a 10.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian Chesky sold 265,746 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $132.22, for a total value of $35,136,936.12. Following the completion of the sale, the chief executive officer owned 11,206,389 shares of the company’s stock, valued at $1,481,708,753.58. This represents a 2.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 2,325,429 shares of company stock worth $321,925,435 in the last three months. Insiders own 27.21% of the company’s stock.

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.