Airbnb, Inc. $ABNB Stock Position Lifted by Machina Capital S.A.S.

Machina Capital S.A.S. raised its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 87.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,890 shares of the company’s stock after purchasing an additional 26,053 shares during the period. Airbnb accounts for about 1.2% of Machina Capital S.A.S.’s investment portfolio, making the stock its 6th largest position. Machina Capital S.A.S.’s holdings in Airbnb were worth $6,786,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ABNB. DDD Partners LLC boosted its position in Airbnb by 3.9% during the second quarter. DDD Partners LLC now owns 2,041 shares of the company’s stock worth $270,000 after purchasing an additional 76 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Airbnb by 70.9% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after buying an additional 83 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of Airbnb by 0.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 10,552 shares of the company’s stock worth $1,396,000 after buying an additional 85 shares during the period. LRI Investments LLC grew its stake in Airbnb by 7.5% in the 3rd quarter. LRI Investments LLC now owns 1,260 shares of the company’s stock valued at $153,000 after buying an additional 88 shares during the last quarter. Finally, Brookstone Capital Management raised its holdings in Airbnb by 4.0% in the 3rd quarter. Brookstone Capital Management now owns 2,350 shares of the company’s stock worth $285,000 after acquiring an additional 91 shares during the period. 80.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Joseph Gebbia sold 236,000 shares of the business’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $120.66, for a total value of $28,475,760.00. Following the transaction, the director owned 232,015 shares in the company, valued at $27,994,929.90. The trade was a 50.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Chesky sold 51,230 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $131.16, for a total value of $6,719,326.80. Following the sale, the chief executive officer owned 45,854 shares in the company, valued at approximately $6,014,210.64. The trade was a 52.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,202,272 shares of company stock valued at $148,094,596 over the last quarter. Insiders own 27.83% of the company’s stock.

Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of recent analyst reports. Wedbush lifted their price objective on Airbnb from $130.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. Morgan Stanley boosted their target price on shares of Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a research report on Tuesday, January 13th. Barclays set a $120.00 price target on shares of Airbnb and gave the stock an “equal weight” rating in a research report on Friday, January 9th. B. Riley upgraded Airbnb from a “neutral” rating to a “buy” rating and boosted their price target for the company from $140.00 to $170.00 in a research note on Monday, January 12th. Finally, Cantor Fitzgerald raised shares of Airbnb from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $117.00 to $141.00 in a report on Thursday, January 8th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $148.60.

Airbnb Stock Down 7.0%

ABNB stock opened at $122.07 on Wednesday. The company has a market cap of $75.14 billion, a price-to-earnings ratio of 29.00, a P/E/G ratio of 2.03 and a beta of 1.15. The business has a 50 day moving average price of $130.97 and a two-hundred day moving average price of $127.16. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93.

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