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

Investment House LLC grew its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 5.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 85,725 shares of the company’s stock after buying an additional 4,780 shares during the period. Investment House LLC’s holdings in Airbnb were worth $11,635,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of Airbnb during the 3rd quarter valued at $25,000. ORG Partners LLC grew its stake 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 period. Entrust Financial LLC purchased a new stake in shares of Airbnb during the 4th quarter valued at $27,000. Sunbelt Securities Inc. boosted its position in Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares during the period. Finally, Wiser Advisor Group LLC purchased a new stake in Airbnb during the 3rd quarter worth $27,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ABNB has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price target on shares of Airbnb from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. BMO Capital Markets upped their price target on shares of Airbnb from $130.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, February 13th. Royal Bank Of Canada upped their price target on shares of Airbnb from $170.00 to $173.00 and gave the stock a “moderate buy” rating in a research report on Friday, May 8th. Needham & Company LLC initiated coverage on shares of Airbnb in a research report on Monday, May 4th. They set a “buy” rating for the company. Finally, Rodman & Renshaw initiated coverage on shares of Airbnb in a research report on Monday, May 4th. They set a “buy” rating for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Airbnb currently has a consensus rating of “Moderate Buy” and an average target price of $157.67.

Airbnb Stock Performance

Shares of ABNB stock opened at $131.16 on Wednesday. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $147.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market capitalization of $79.05 billion, a P/E ratio of 32.31, a P/E/G ratio of 1.44 and a beta of 1.20. The company’s fifty day moving average price is $133.49 and its two-hundred day moving average price is $129.70.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the prior year, the firm earned $0.24 EPS. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. On average, research analysts anticipate that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Airbnb news, Director Joseph Gebbia sold 58,000 shares of the business’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $126.16, for a total value of $7,317,280.00. Following the transaction, the director owned 170,015 shares in the company, valued at $21,449,092.40. The trade was a 25.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nathan Blecharczyk sold 60,136 shares of the business’s stock in a transaction 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 completion of the transaction, the insider owned 11,920 shares in the company, valued at $1,736,744. This represents a 83.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 459,838 shares of company stock worth $62,185,245 in the last quarter. 27.21% of the stock is currently owned by company insiders.

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.