Airbnb, Inc. $ABNB Shares Sold by Richard Bernstein Advisors LLC

Richard Bernstein Advisors LLC decreased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 57.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,039 shares of the company’s stock after selling 11,058 shares during the period. Richard Bernstein Advisors LLC’s holdings in Airbnb were worth $976,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ABNB. Aster Capital Management DIFC Ltd purchased a new position in Airbnb in the third quarter worth $25,000. Root Financial Partners LLC purchased a new stake in shares of Airbnb in the 3rd quarter valued at $32,000. E Fund Management Hong Kong Co. Ltd. raised 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 valued at $38,000 after buying an additional 111 shares during the last quarter. Ameriflex Group Inc. raised its position in Airbnb by 986.7% during the third quarter. Ameriflex Group Inc. now owns 326 shares of the company’s stock valued at $40,000 after acquiring an additional 296 shares in the last quarter. Finally, SJS Investment Consulting Inc. raised its position in shares of Airbnb by 4,255.6% in the third quarter. SJS Investment Consulting Inc. now owns 392 shares of the company’s stock worth $48,000 after acquiring an additional 383 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 3,750 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $130.00, for a total value of $487,500.00. Following the completion of the sale, the chief financial officer directly owned 402,417 shares of the company’s stock, valued at $52,314,210. The trade was a 0.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nathan Blecharczyk sold 4,260 shares of the company’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $125.29, for a total transaction of $533,735.40. Following the completion of the transaction, the insider owned 49,250 shares in the company, valued at $6,170,532.50. This represents a 7.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 449,488 shares of company stock worth $58,706,854. Corporate insiders own 27.83% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on ABNB. DA Davidson decreased their price objective on Airbnb from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Airbnb in a research note on Wednesday, January 21st. UBS Group raised their price target on Airbnb from $147.00 to $149.00 and gave the company a “neutral” rating in a research note on Tuesday, February 3rd. BNP Paribas Exane started coverage on Airbnb in a research report on Monday, November 24th. They set a “hold” rating on the stock. Finally, Argus raised Airbnb to a “strong-buy” rating in a report on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Airbnb has an average rating of “Hold” and a consensus price target of $149.42.

Airbnb Stock Performance

Shares of ABNB stock opened at $132.44 on Wednesday. The stock has a 50 day moving average price of $130.42 and a 200 day moving average price of $126.64. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $143.88. The firm has a market capitalization of $80.62 billion, a P/E ratio of 32.78, a P/E/G ratio of 1.51 and a beta of 1.12.

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