Sei Investments Co. Decreases Stock Holdings in Airbnb, Inc. $ABNB

Sei Investments Co. trimmed its position in Airbnb, Inc. (NASDAQ:ABNB) by 7.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 491,758 shares of the company’s stock after selling 40,001 shares during the period. Sei Investments Co.’s holdings in Airbnb were worth $62,100,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ABNB. ORG Partners LLC boosted its position in Airbnb by 97.0% during the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after buying an additional 96 shares during the period. Transamerica Financial Advisors LLC increased its position in shares of Airbnb by 143.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after acquiring an additional 112 shares during the period. Entrust Financial LLC bought a new position in shares of Airbnb during the fourth quarter valued at about $27,000. Meeder Asset Management Inc. raised its stake in shares of Airbnb by 96.3% during 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. Finally, Sunbelt Securities Inc. raised its stake in shares of Airbnb by 397.7% during 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. 80.76% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Nathan Blecharczyk sold 88,366 shares of the company’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $145.81, for a total value of $12,884,646.46. Following the sale, the insider directly owned 12,370 shares of the company’s stock, valued at $1,803,669.70. This represents a 87.72% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Chesky sold 265,746 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $132.22, for a total transaction of $35,136,936.12. Following the completion of the transaction, the chief executive officer owned 11,206,389 shares of the company’s stock, valued at approximately $1,481,708,753.58. The trade was a 2.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,231,864 shares of company stock worth $308,474,278 in the last quarter. 27.21% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $170.00 target price on shares of Airbnb in a research note on Friday, May 8th. Tigress Financial lowered their price target on Airbnb from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. B. Riley Financial reiterated a “buy” rating on shares of Airbnb in a report on Friday, May 8th. Needham & Company LLC started coverage on Airbnb in a research report on Monday, May 4th. They issued a “buy” rating on the stock. Finally, Robert W. Baird lifted their price objective on Airbnb from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Airbnb presently has a consensus rating of “Moderate Buy” and an average target price of $159.65.

Airbnb Price Performance

ABNB stock opened at $141.10 on Friday. 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 $150.88. The firm has a 50-day moving average of $139.84 and a 200 day moving average of $134.62. The company has a market cap of $85.04 billion, a P/E ratio of 34.75, a PEG ratio of 1.51 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data 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). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the previous year, the firm posted $0.24 earnings per share. The business’s revenue was up 17.9% compared to the same quarter last year. On average, sell-side analysts forecast that Airbnb, Inc. will post 4.93 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.