Scott & Selber Inc. Has $2.81 Million Stock Holdings in Airbnb, Inc. $ABNB

Scott & Selber Inc. raised its position in Airbnb, Inc. (NASDAQ:ABNB) by 25.0% during the 1st quarter, HoldingsChannel reports. The fund owned 22,263 shares of the company’s stock after buying an additional 4,451 shares during the quarter. Scott & Selber Inc.’s holdings in Airbnb were worth $2,811,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Patton Fund Management Inc. raised its holdings in shares of Airbnb by 4.3% in the fourth quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock valued at $254,000 after purchasing an additional 77 shares during the last quarter. BOKF NA boosted its holdings in Airbnb by 11.0% during the fourth quarter. BOKF NA now owns 787 shares of the company’s stock worth $107,000 after purchasing an additional 78 shares during the last quarter. Yoder Wealth Management Inc. grew its position in Airbnb by 0.3% in the fourth quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock valued at $3,582,000 after purchasing an additional 84 shares in the last quarter. Private Advisor Group LLC increased its stake in Airbnb by 1.0% in the 3rd quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock valued at $1,007,000 after buying an additional 86 shares during the last quarter. Finally, Koshinski Asset Management Inc. lifted its position in Airbnb by 4.1% during the 3rd quarter. Koshinski Asset Management Inc. now owns 2,226 shares of the company’s stock worth $270,000 after buying an additional 87 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the subject of several analyst reports. Evercore restated an “outperform” rating on shares of Airbnb in a report on Friday, May 8th. Barclays raised their price target on Airbnb from $122.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Raymond James Financial upgraded Airbnb from a “market perform” rating to a “strong-buy” rating in a research note on Monday, May 4th. Wedbush raised shares of Airbnb from a “neutral” rating to a “neutral” rating in a research note on Monday, May 4th. Finally, Benchmark boosted their target price on shares of Airbnb from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $157.96.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $142.41 on Monday. The business’s 50 day moving average price is $136.36 and its two-hundred day moving average price is $132.19. The company has a market cap of $85.83 billion, a PE ratio of 35.08, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16. 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 twelve month low of $110.81 and a twelve month high of $147.25.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $2.62 billion. During the same quarter in the prior year, the company earned $0.24 EPS. Airbnb’s quarterly revenue was up 17.9% on a year-over-year basis. On average, analysts predict that Airbnb, Inc. will post 4.91 EPS for the current year.

Insider Buying and Selling

In related news, Director Joseph Gebbia sold 265,000 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $135.45, for a total value of $35,894,250.00. Following the sale, the director owned 3,182,355 shares in the company, valued at approximately $431,049,984.75. This represents a 7.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Chesky sold 265,746 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer directly 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. In the last three months, insiders have sold 1,914,860 shares of company stock valued at $259,869,869. 27.21% of the stock is owned by 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.