Investment House LLC Boosts Stock Position in Airbnb, Inc. $ABNB

Investment House LLC boosted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 7.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,945 shares of the company’s stock after purchasing an additional 5,305 shares during the period. Investment House LLC’s holdings in Airbnb were worth $9,828,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ABNB. Harris Associates L P boosted its holdings in shares of Airbnb by 43.2% in the 2nd quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock worth $1,884,168,000 after buying an additional 4,292,383 shares during the last quarter. Norges Bank bought a new stake in Airbnb in the second quarter worth about $483,644,000. Amundi boosted its stake in Airbnb by 112.3% in the second quarter. Amundi now owns 2,670,251 shares of the company’s stock valued at $361,525,000 after acquiring an additional 1,412,608 shares during the last quarter. McElhenny Sheffield Capital Management LLC purchased a new position in Airbnb in the second quarter valued at about $170,189,000. Finally, Bank of Nova Scotia grew its position in shares of Airbnb by 1,232.7% during the 2nd quarter. Bank of Nova Scotia now owns 956,188 shares of the company’s stock valued at $126,542,000 after acquiring an additional 884,439 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Brian Chesky sold 51,230 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $131.16, for a total transaction of $6,719,326.80. Following the completion of the transaction, the chief executive officer owned 45,854 shares of the company’s stock, valued at approximately $6,014,210.64. The trade was a 52.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nathan Blecharczyk sold 141,063 shares of the stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $121.96, for a total transaction of $17,204,043.48. Following the completion of the sale, the insider owned 11,520 shares in the company, valued at $1,404,979.20. This represents a 92.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,388,372 shares of company stock worth $171,733,558. 27.91% of the stock is owned by company insiders.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $132.15 on Friday. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The stock has a market cap of $81.34 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. The stock has a fifty day moving average of $128.86 and a 200-day moving average of $127.59.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the company posted $2.13 EPS. On average, sell-side analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analyst Weigh In

ABNB has been the topic of several research analyst reports. Morgan Stanley upped their price objective on Airbnb from $120.00 to $130.00 and gave the company an “underweight” rating in a research note on Tuesday, January 13th. Wells Fargo & Company set a $128.00 target price on Airbnb and gave the company an “equal weight” rating in a research note on Friday, January 9th. Mizuho set a $156.00 price target on Airbnb in a research report on Friday, November 7th. BTIG Research reissued a “neutral” rating on shares of Airbnb in a report on Friday, November 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Airbnb in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $147.84.

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.