Focus Partners Advisor Solutions LLC Grows Stock Position in Airbnb, Inc. $ABNB

Focus Partners Advisor Solutions LLC grew its stake in Airbnb, Inc. (NASDAQ:ABNB) by 106.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 20,813 shares of the company’s stock after purchasing an additional 10,724 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Airbnb were worth $2,507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of ABNB. Aster Capital Management DIFC Ltd purchased a new position in Airbnb during the third quarter valued at approximately $25,000. Root Financial Partners LLC purchased a new stake in Airbnb in the 3rd quarter worth approximately $32,000. NewSquare Capital LLC boosted its position in Airbnb by 86.4% in the 2nd quarter. NewSquare Capital LLC now owns 287 shares of the company’s stock worth $38,000 after purchasing an additional 133 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Airbnb by 55.5% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 311 shares of the company’s stock worth $38,000 after purchasing an additional 111 shares during the period. Finally, SJS Investment Consulting Inc. increased its holdings in shares of Airbnb by 4,255.6% during the 3rd quarter. SJS Investment Consulting Inc. now owns 392 shares of the company’s stock valued at $48,000 after purchasing an additional 383 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Trading Up 1.9%

ABNB stock opened at $135.54 on Thursday. The business’s 50-day moving average is $130.64 and its 200 day moving average is $126.44. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $143.88. The stock has a market cap of $82.50 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 1.50 and a beta of 1.12.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ABNB shares. BMO Capital Markets increased their price target on shares of Airbnb from $130.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, February 13th. Mizuho upped their price objective on shares of Airbnb from $156.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday. BNP Paribas Exane started coverage on shares of Airbnb in a research note on Monday, November 24th. They set a “hold” rating on the stock. B. Riley Financial upgraded Airbnb from a “neutral” rating to a “buy” rating and lifted their price target for the company from $140.00 to $170.00 in a research note on Monday, January 12th. Finally, Deutsche Bank Aktiengesellschaft raised Airbnb from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $149.42.

Insider Transactions at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 58,000 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $130.56, for a total value of $7,572,480.00. Following the transaction, the director directly owned 634,015 shares of the company’s stock, valued at $82,776,998.40. This trade represents a 8.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 approximately $6,014,210.64. This represents a 52.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 681,643 shares of company stock valued at $87,136,680. Corporate insiders own 27.91% 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.