HS Management Partners LLC Acquires New Position in Airbnb, Inc. $ABNB

HS Management Partners LLC acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 67,186 shares of the company’s stock, valued at approximately $9,614,000. Airbnb comprises 3.3% of HS Management Partners LLC’s investment portfolio, making the stock its 19th largest holding.

Other institutional investors also recently bought and sold shares of the company. Transamerica Financial Advisors LLC grew its stake in shares of Airbnb by 143.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after buying an additional 112 shares during the period. Entrust Financial LLC purchased a new stake in shares of Airbnb during the 4th quarter valued at approximately $27,000. Meeder Asset Management Inc. lifted its holdings in Airbnb by 96.3% in the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock valued at $27,000 after acquiring an additional 105 shares during the last quarter. Sunbelt Securities Inc. lifted its holdings in Airbnb by 397.7% in the third 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 last quarter. Finally, Wiser Advisor Group LLC purchased a new position in Airbnb in the third quarter worth approximately $27,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Brian Chesky sold 20,000 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $173.61, for a total transaction of $3,472,200.00. Following the completion of the transaction, the chief executive officer directly owned 5,854 shares of the company’s stock, valued at $1,016,312.94. The trade was a 77.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nathan Blecharczyk sold 531,000 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $174.41, for a total value of $92,611,710.00. Following the sale, the insider owned 171,370 shares in the company, valued at approximately $29,888,641.70. This trade represents a 75.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 3,107,936 shares of company stock valued at $458,993,808. 27.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ABNB has been the subject of several recent analyst reports. Jefferies Financial Group raised their target price on Airbnb from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Susquehanna upped their price target on Airbnb from $170.00 to $200.00 and gave the company a “positive” rating in a research note on Friday, August 7th. Raymond James Financial upgraded Airbnb from a “market perform” rating to a “strong-buy” rating in a report on Monday, May 4th. Rodman & Renshaw initiated coverage on Airbnb in a research report on Monday, May 4th. They set a “buy” rating for the company. Finally, Truist Financial boosted their price objective on shares of Airbnb from $129.00 to $134.00 and gave the company a “hold” rating in a report on Friday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $172.00.

Airbnb Trading Up 2.2%

Shares of ABNB stock opened at $183.25 on Wednesday. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $187.12. The company has a 50 day moving average price of $150.83 and a 200 day moving average price of $138.38. The stock has a market capitalization of $109.73 billion, a P/E ratio of 41.65, a price-to-earnings-growth ratio of 2.13 and a beta of 1.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.41 and a current ratio of 1.41.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.11. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.58 billion. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.03 EPS. Equities research analysts predict that Airbnb, Inc. will post 5.22 EPS for the current fiscal year.

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.