Riverview Capital Advisers LLC Reduces Stock Holdings in Airbnb, Inc. $ABNB

Riverview Capital Advisers LLC cut its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 22.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,343 shares of the company’s stock after selling 4,426 shares during the period. Riverview Capital Advisers LLC’s holdings in Airbnb were worth $1,863,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. grew its position in Airbnb by 0.8% in the second quarter. SBI Securities Co. Ltd. now owns 10,552 shares of the company’s stock worth $1,396,000 after acquiring an additional 85 shares during the period. Koshinski Asset Management Inc. raised its holdings in Airbnb by 4.1% in the 3rd quarter. Koshinski Asset Management Inc. now owns 2,226 shares of the company’s stock valued at $270,000 after buying an additional 87 shares during the period. LRI Investments LLC lifted its position in Airbnb by 7.5% in the third 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. Brookstone Capital Management boosted its stake in Airbnb by 4.0% during the third quarter. Brookstone Capital Management now owns 2,350 shares of the company’s stock worth $285,000 after buying an additional 91 shares during the period. Finally, SYM FINANCIAL Corp boosted its stake in Airbnb by 4.9% during the third quarter. SYM FINANCIAL Corp now owns 1,953 shares of the company’s stock worth $237,000 after buying an additional 91 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Trading Down 1.4%

Shares of ABNB stock opened at $135.11 on Monday. The company has a market capitalization of $82.24 billion, a P/E ratio of 33.44, a price-to-earnings-growth ratio of 1.83 and a beta of 1.12. The business’s 50 day moving average is $130.81 and its two-hundred day moving average is $126.26. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $144.75.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.10). The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.71 billion. Airbnb had a return on equity of 30.88% and a net margin of 20.51%.Airbnb’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 earnings per share. As a group, equities analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on ABNB. BNP Paribas Exane began coverage on Airbnb in a report on Monday, November 24th. They issued a “hold” rating on the stock. Argus upgraded shares of Airbnb to a “strong-buy” rating in a research note on Tuesday, February 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Airbnb in a report on Wednesday, January 21st. Wells Fargo & Company boosted their price target on shares of Airbnb from $128.00 to $133.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Airbnb in a report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $148.69.

Insider Buying and Selling

In related news, insider Nathan Blecharczyk sold 141,063 shares of the firm’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $121.96, for a total value 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 trade represents a 92.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian Chesky sold 51,230 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $131.16, for a total value of $6,719,326.80. Following the transaction, the chief executive officer owned 45,854 shares in the company, valued at $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 795,226 shares of company stock valued at $100,778,211 over the last ninety days. Corporate insiders own 27.83% of the company’s stock.

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.