Airbnb, Inc. $ABNB Shares Sold by STF Management LP

STF Management LP decreased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 62.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of ABNB. Aster Capital Management DIFC Ltd bought a new stake in shares of Airbnb during the 3rd quarter valued at about $25,000. ORG Partners LLC grew its position in shares of Airbnb by 97.0% during the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after buying an additional 96 shares during the last quarter. Sunbelt Securities Inc. grew its position in shares of Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after buying an additional 175 shares during the last quarter. Wiser Advisor Group LLC bought a new stake in shares of Airbnb during the 3rd quarter valued at about $27,000. Finally, Aventura Private Wealth LLC bought a new stake in shares of Airbnb during the 4th quarter valued at about $29,000. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Down 0.6%

ABNB stock opened at $132.85 on Friday. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $147.25. The firm has a market cap of $80.07 billion, a PE ratio of 32.72, a P/E/G ratio of 1.42 and a beta of 1.20. The firm has a 50 day simple moving average of $133.56 and a 200 day simple moving average of $129.61. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44.

Airbnb (NASDAQ:ABNB) last released 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 net margin of 19.90% and a return on equity of 31.24%. The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the prior year, the company earned $0.24 earnings per share. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. Equities research analysts forecast that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have issued reports on ABNB shares. Argus raised shares of Airbnb to a “strong-buy” rating in a research note on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $170.00 target price on shares of Airbnb in a research note on Friday, May 8th. TD Cowen boosted 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. Wedbush raised shares of Airbnb from a “neutral” rating to a “neutral” rating in a research note on Monday, May 4th. Finally, Truist Financial raised shares of Airbnb from a “sell” rating to a “hold” rating and boosted their target price for the company from $107.00 to $129.00 in a research note on Thursday, March 26th. Two research 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 company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $157.67.

Insider Activity

In other Airbnb news, insider Nathan Blecharczyk sold 627 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $145.67, for a total value of $91,335.09. Following the transaction, the insider owned 11,920 shares in the company, valued at approximately $1,736,386.40. This represents a 5.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph Gebbia sold 58,000 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $140.37, for a total transaction of $8,141,460.00. Following the completion of the transaction, the director owned 54,015 shares in the company, valued at approximately $7,582,085.55. This represents a 51.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 459,838 shares of company stock worth $62,185,245 over the last 90 days. 27.21% of the stock is owned by company 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.