Altshuler Shaham Ltd Lowers Stock Position in Airbnb, Inc. $ABNB

Altshuler Shaham Ltd lessened its holdings in Airbnb, Inc. (NASDAQ:ABNBFree Report) by 45.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 6,186 shares of the company’s stock after selling 5,115 shares during the quarter. Altshuler Shaham Ltd’s holdings in Airbnb were worth $840,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of Airbnb during the 3rd quarter valued at approximately $25,000. ORG Partners LLC lifted its position 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 acquiring an additional 96 shares during the period. Transamerica Financial Advisors LLC lifted its position in shares of Airbnb by 143.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after acquiring an additional 112 shares during the period. Wiser Advisor Group LLC acquired a new stake in shares of Airbnb during the 3rd quarter valued at approximately $27,000. Finally, Sunbelt Securities Inc. lifted its position in shares of Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb News Roundup

Here are the key news stories impacting Airbnb this week:

Airbnb Trading Down 0.5%

Shares of Airbnb stock opened at $140.54 on Thursday. The business has a 50 day moving average price of $135.79 and a 200 day moving average price of $131.85. 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 company has a market capitalization of $84.70 billion, a P/E ratio of 34.62, a P/E/G ratio of 1.51 and a beta of 1.16. Airbnb, Inc. has a 1 year low of $110.81 and a 1 year high of $147.25.

Airbnb (NASDAQ:ABNBGet Free Report) last issued its quarterly earnings results 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). The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The company’s revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 earnings per share. Sell-side analysts anticipate that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Insider Activity

In other news, Director Joseph Gebbia sold 265,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $138.51, for a total transaction of $36,705,150.00. Following the completion of the sale, the director directly owned 2,917,355 shares of the company’s stock, valued at $404,082,841.05. The trade was a 8.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Elinor Mertz sold 7,433 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $136.24, for a total transaction of $1,012,671.92. Following the sale, the chief financial officer directly owned 449,040 shares of the company’s stock, valued at approximately $61,177,209.60. This trade represents a 1.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,972,860 shares of company stock valued at $267,555,449 in the last ninety days. Company insiders own 27.21% of the company’s stock.

Analyst Ratings Changes

ABNB has been the subject of a number of research reports. Oppenheimer upgraded shares of Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 price target for the company in a research report on Monday, May 4th. HC Wainwright upgraded Airbnb to a “buy” rating in a research report on Monday, May 4th. Sanford C. Bernstein restated an “outperform” rating on shares of Airbnb in a research report on Friday, May 22nd. Raymond James Financial upgraded Airbnb from a “market perform” rating to a “strong-buy” rating in a research report on Monday, May 4th. Finally, Barclays lifted their price objective on Airbnb from $122.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $157.96.

Get Our Latest Stock Report on ABNB

Airbnb Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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