3,898 Shares in Airbnb, Inc. $ABNB Purchased by Unique Wealth LLC

Unique Wealth LLC bought a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,898 shares of the company’s stock, valued at approximately $492,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sumitomo Life Insurance Co. grew its stake in Airbnb by 15.0% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 66,071 shares of the company’s stock worth $8,022,000 after acquiring an additional 8,636 shares during the period. Merit Financial Group LLC lifted its stake in shares of Airbnb by 72.1% during the 4th quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock worth $4,478,000 after purchasing an additional 13,818 shares during the period. ARK Investment Management LLC lifted its stake in shares of Airbnb by 30.7% during the 3rd quarter. ARK Investment Management LLC now owns 1,035,828 shares of the company’s stock worth $125,770,000 after purchasing an additional 243,299 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Airbnb by 14.6% during the third quarter. Victory Capital Management Inc. now owns 1,529,652 shares of the company’s stock worth $185,730,000 after purchasing an additional 195,055 shares during the last quarter. Finally, North Star Asset Management Inc. boosted its holdings in shares of Airbnb by 13.4% during the fourth quarter. North Star Asset Management Inc. now owns 78,564 shares of the company’s stock worth $10,663,000 after purchasing an additional 9,294 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Airbnb

In other Airbnb news, CEO Brian Chesky sold 265,746 shares of Airbnb stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $132.22, for a total transaction of $35,136,936.12. Following the transaction, the chief executive officer directly owned 11,206,389 shares of the company’s stock, valued at $1,481,708,753.58. The trade was a 2.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 60,136 shares of the business’s stock in a transaction that occurred on 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 sale, the insider owned 11,920 shares of the company’s stock, valued at approximately $1,736,744. This represents a 83.46% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,914,860 shares of company stock worth $259,869,869. Company insiders own 27.21% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the subject of several analyst reports. Wedbush upgraded Airbnb from a “neutral” rating to a “neutral” rating in a research note on Monday, May 4th. Oppenheimer raised Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 price target on the stock in a research note on Monday, May 4th. Robert W. Baird set a $150.00 price objective on shares of Airbnb in a research note on Friday, May 8th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Airbnb in a report on Friday, May 22nd. Finally, Evercore reissued an “outperform” rating on shares of Airbnb in a research report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $157.96.

Airbnb Price Performance

ABNB stock opened at $141.88 on Friday. The company has a market cap of $85.51 billion, a PE ratio of 34.95, a price-to-earnings-growth ratio of 1.55 and a beta of 1.16. 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 50-day moving average price of $137.20 and a two-hundred day moving average price of $132.76. Airbnb, Inc. has a 12-month low of $110.81 and a 12-month high of $147.27.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.26 earnings per share 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 firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period in the prior year, the firm earned $0.24 earnings per share. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. As a group, research analysts predict that Airbnb, Inc. will post 4.91 EPS for the current year.

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.