Airbnb, Inc. $ABNB is Hershey Trust Co.’s 4th Largest Position

Hershey Trust Co. lowered its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 81.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,374 shares of the company’s stock after selling 5,885 shares during the period. Airbnb accounts for about 0.0% of Hershey Trust Co.’s investment portfolio, making the stock its 4th biggest holding. Hershey Trust Co.’s holdings in Airbnb were worth $186,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. ORG Partners LLC lifted its holdings in Airbnb by 97.0% during the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after buying an additional 96 shares during the period. Entrust Financial LLC purchased a new stake in Airbnb during the fourth quarter worth $27,000. Aster Capital Management DIFC Ltd purchased a new stake in Airbnb during the third quarter worth $25,000. Aventura Private Wealth LLC purchased a new stake in Airbnb during the fourth quarter worth $29,000. Finally, Sunbelt Securities Inc. lifted its holdings in Airbnb by 397.7% during the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after buying an additional 175 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Brokerages currently rate Airbnb at an average of “Moderate Buy,” suggesting Wall Street remains broadly constructive on the company’s outlook. Airbnb, Inc. (NASDAQ:ABNB) Given Average Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: Airbnb has underperformed the S&P 500 over the past year, but analysts are still cautiously optimistic about the stock’s longer-term prospects. Is Airbnb Stock Underperforming the S&P 500?
• Negative Sentiment: Director Joseph Gebbia sold 265,000 shares, trimming his position by 7.69%, while CEO Brian Chesky made multiple sales totaling more than 120,000 shares, reinforcing concerns that insiders may see limited near-term upside. SEC filing for Joseph Gebbia sale SEC filing for Brian Chesky sales

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ABNB. Citizens Jmp upped their target price on Airbnb from $160.00 to $170.00 and gave the stock a “market outperform” rating in a report on Friday, May 8th. Weiss Ratings upgraded Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 12th. Barclays upped their target price on Airbnb from $122.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Oppenheimer upgraded Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 target price for the company in a report on Monday, May 4th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Airbnb in a research report on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $157.67.

Airbnb Stock Performance

Shares of ABNB stock opened at $133.59 on Thursday. The business has a fifty day moving average of $134.21 and a 200 day moving average of $130.55. The firm has a market capitalization of $80.52 billion, a price-to-earnings ratio of 32.90, a price-to-earnings-growth ratio of 1.44 and a beta of 1.16. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44. Airbnb, Inc. has a 1 year low of $110.81 and a 1 year high of $147.25.

Airbnb (NASDAQ:ABNB) last announced 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 company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.Airbnb’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.24 earnings per share. As a group, research analysts expect that Airbnb, Inc. will post 4.91 earnings per share for the current year.

Insiders Place Their Bets

In other Airbnb news, Director Joseph Gebbia sold 265,000 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $135.45, for a total transaction of $35,894,250.00. Following the sale, the director directly owned 3,182,355 shares of the company’s stock, valued at approximately $431,049,984.75. This trade represents a 7.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nathan Blecharczyk sold 2,739 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $131.40, for a total value of $359,904.60. Following the sale, the insider directly owned 81,631 shares in the company, valued at $10,726,313.40. This represents a 3.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,542,173 shares of company stock valued at $208,123,290. Company insiders own 27.21% of the company’s stock.

Airbnb 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.