Wick Capital Partners LLC Acquires Shares of 3,962 Airbnb, Inc. $ABNB

Wick Capital Partners LLC acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,962 shares of the company’s stock, valued at approximately $538,000.

Several other hedge funds also recently added to or reduced their stakes in ABNB. Harris Associates L P increased its holdings in Airbnb by 43.2% in the second quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock valued at $1,884,168,000 after buying an additional 4,292,383 shares during the last quarter. Independent Franchise Partners LLP acquired a new position in shares of Airbnb in the 3rd quarter worth approximately $505,672,000. Norges Bank acquired a new position in shares of Airbnb in the 4th quarter worth approximately $480,332,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Airbnb by 453.5% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock valued at $403,782,000 after acquiring an additional 2,724,682 shares during the last quarter. Finally, SRS Investment Management LLC bought a new stake in shares of Airbnb in the 4th quarter valued at approximately $342,017,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Airbnb

In related news, Director Joseph Gebbia sold 265,000 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $138.51, for a total value of $36,705,150.00. Following the sale, the director owned 2,917,355 shares of the company’s stock, valued at $404,082,841.05. This trade represents a 8.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Chesky sold 30,743 shares of Airbnb stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $138.40, for a total transaction of $4,254,831.20. Following the completion of the sale, the chief executive officer owned 10,701,685 shares in the company, valued at approximately $1,481,113,204. This represents a 0.29% 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 1,972,860 shares of company stock worth $267,555,449. 27.21% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on ABNB. HSBC cut Airbnb from a “hold” rating to a “hold” rating in a research note on Monday, May 4th. B. Riley Financial reiterated a “buy” rating on shares of Airbnb in a research note on Friday, May 8th. Tigress Financial dropped their target price on shares of Airbnb from $200.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Barclays increased their target price on shares of Airbnb from $122.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Finally, Raymond James Financial upgraded shares of Airbnb from a “market perform” rating to a “strong-buy” rating in a research report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $157.96.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $142.41 on Friday. The company has a market cap of $85.83 billion, a price-to-earnings ratio of 35.08, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16. Airbnb, Inc. has a 12-month low of $110.81 and a 12-month high of $147.25. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. The stock’s 50 day simple moving average is $136.36 and its 200 day simple moving average is $132.10.

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). The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.Airbnb’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.24 earnings per share. Equities research analysts expect that Airbnb, Inc. will post 4.91 EPS for the current year.

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.