Airbnb, Inc. $ABNB Shares Sold by Stephens Inc. AR

Stephens Inc. AR cut its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 19.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,400 shares of the company’s stock after selling 4,103 shares during the quarter. Stephens Inc. AR’s holdings in Airbnb were worth $2,113,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Kentucky Trust Co purchased a new position in shares of Airbnb in the 2nd quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. increased its stake in Airbnb by 70.9% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after purchasing an additional 83 shares in the last quarter. Concord Wealth Partners purchased a new position in shares of Airbnb in the second quarter worth $28,000. Whipplewood Advisors LLC raised its holdings in shares of Airbnb by 235.3% in the second quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock worth $30,000 after buying an additional 160 shares during the last quarter. Finally, Armstrong Advisory Group Inc. lifted its stake in shares of Airbnb by 363.6% during the second quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock worth $34,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

ABNB has been the topic of several research reports. UBS Group set a $130.00 target price on Airbnb in a research report on Tuesday. Wells Fargo & Company set a $128.00 price objective on Airbnb and gave the company an “equal weight” rating in a report on Friday, January 9th. BNP Paribas assumed coverage on Airbnb in a research note on Monday, November 24th. They issued a “hold” rating for the company. Barclays set a $120.00 target price on Airbnb and gave the company an “equal weight” rating in a research report on Friday, January 9th. Finally, Wedbush increased their price target on shares of Airbnb from $130.00 to $135.00 and gave the stock a “neutral” rating in a report on Friday, December 19th. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty-one have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $147.84.

Insider Activity

In other news, CEO Brian Chesky sold 51,230 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $131.16, for a total transaction of $6,719,326.80. Following the sale, the chief executive officer directly owned 45,854 shares of the company’s stock, valued at $6,014,210.64. This represents a 52.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Aristotle N. Balogh sold 2,565 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $134.79, for a total value of $345,736.35. Following the sale, the chief technology officer owned 165,086 shares in the company, valued at $22,251,941.94. This trade represents a 1.53% 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 sold 1,401,156 shares of company stock valued at $173,365,363. 27.91% of the stock is currently owned by corporate insiders.

Airbnb Stock Down 1.5%

Airbnb stock opened at $130.66 on Friday. The business’s 50-day moving average price is $127.80 and its 200 day moving average price is $127.74. The firm has a market cap of $80.43 billion, a price-to-earnings ratio of 31.04, a price-to-earnings-growth ratio of 2.03 and a beta of 1.09. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.10). The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.13 EPS. Equities analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

About Airbnb

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.