349,407 Airbnb, Inc. $ABNB Shares Sold by Curated Wealth Partners LLC

Curated Wealth Partners LLC reduced its position in Airbnb, Inc. (NASDAQ:ABNB) by 97.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,332 shares of the company’s stock after selling 349,407 shares during the period. Curated Wealth Partners LLC’s holdings in Airbnb were worth $1,660,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ABNB. Wellington Management Group LLP raised its position in shares of Airbnb by 80.6% during the 2nd quarter. Wellington Management Group LLP now owns 5,785,665 shares of the company’s stock valued at $827,929,000 after acquiring an additional 2,581,539 shares during the last quarter. Independent Franchise Partners LLP grew its holdings in shares of Airbnb by 23.6% in the 4th quarter. Independent Franchise Partners LLP now owns 5,146,272 shares of the company’s stock valued at $698,452,000 after buying an additional 981,624 shares during the period. Amundi raised its stake in Airbnb by 8.6% during the 1st quarter. Amundi now owns 4,686,765 shares of the company’s stock worth $591,845,000 after buying an additional 370,426 shares during the period. Jennison Associates LLC increased its holdings in shares of Airbnb by 9,331.0% in the first quarter. Jennison Associates LLC now owns 3,172,959 shares of the company’s stock worth $400,681,000 after acquiring an additional 3,139,315 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Airbnb during the 2nd quarter valued at about $330,085,000. 80.76% of the stock is owned by institutional investors.

Insider Activity at Airbnb

In related news, insider Nathan Blecharczyk sold 13,615 shares of the firm’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $165.18, for a total transaction of $2,248,925.70. Following the completion of the transaction, the insider directly owned 20,567 shares of the company’s stock, valued at $3,397,257.06. This trade represents a 39.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO David C. Bernstein sold 1,489 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $168.93, for a total transaction of $251,536.77. Following the sale, the chief accounting officer directly owned 47,024 shares of the company’s stock, valued at $7,943,764.32. This represents a 3.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,562,961 shares of company stock worth $271,146,941 over the last ninety days. 27.21% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ABNB. Barclays increased their price objective on shares of Airbnb from $125.00 to $150.00 in a research report on Friday, August 7th. B. Riley Financial reaffirmed a “buy” rating and set a $210.00 price target (up from $180.00) on shares of Airbnb in a research report on Friday, August 7th. Weiss Ratings upgraded shares of Airbnb from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Citizens Jmp upped their target price on Airbnb from $190.00 to $200.00 and gave the stock a “market outperform” rating in a report on Friday, September 18th. Finally, Truist Financial boosted their target price on shares of Airbnb from $134.00 to $161.00 and gave the stock a “hold” rating in a report on Thursday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Airbnb currently has an average rating of “Moderate Buy” and an average price target of $181.93.

Airbnb Stock Performance

Shares of NASDAQ:ABNB traded up $5.57 during trading on Thursday, reaching $172.63. 2,105,876 shares of the stock were exchanged, compared to its average volume of 4,301,177. The firm has a market cap of $103.37 billion, a PE ratio of 39.28, a PEG ratio of 1.90 and a beta of 1.24. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $193.45. The stock has a 50-day moving average price of $172.51 and a 200-day moving average price of $150.75.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.26 by $0.11. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same period in the prior year, the company posted $1.03 earnings per share. Airbnb’s revenue was up 16.3% compared to the same quarter last year. Research analysts expect that Airbnb, Inc. will post 5.28 EPS for the current fiscal year.

Airbnb Profile

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel-related experiences with hosts offering homes, apartments, rooms and other lodging options. The company’s platform supports booking and managing stays in a wide range of destinations, from major cities to rural and resort areas.

In addition to accommodations, Airbnb offers experiences hosted by local residents, including activities, tours and cultural events. The company has also expanded its platform to include services in select markets, such as offerings related to hospitality, wellness, food and other travel needs.