Lbp Am Sa Raises Position in Airbnb, Inc. $ABNB

Lbp Am Sa grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 39.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 114,083 shares of the company’s stock after buying an additional 32,194 shares during the period. Lbp Am Sa’s holdings in Airbnb were worth $15,483,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new position in Airbnb in the third quarter worth about $25,000. ORG Partners LLC raised its holdings in shares of Airbnb by 97.0% during the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after purchasing an additional 96 shares during the last quarter. Sunbelt Securities Inc. raised its holdings 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 purchasing an additional 175 shares during the last quarter. Wiser Advisor Group LLC purchased a new position in shares of Airbnb during the third quarter valued at approximately $27,000. Finally, Aventura Private Wealth LLC purchased a new position in shares of Airbnb during the fourth quarter valued at approximately $29,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Stock Up 2.7%

ABNB opened at $137.51 on Thursday. The firm has a 50 day moving average price of $128.19 and a 200-day moving average price of $127.32. The stock has a market capitalization of $83.70 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 1.64 and a beta of 1.15. Airbnb, Inc. has a twelve month low of $109.79 and a twelve month high of $143.88.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 12th. The company reported $0.56 earnings per share (EPS) 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 net margin of 20.51% and a return on equity of 30.88%. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.73 earnings per share. As a group, analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analysts Set New Price Targets

ABNB has been the subject of several research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Airbnb in a report on Wednesday, January 21st. DA Davidson decreased their price objective on shares of Airbnb from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. B. Riley Financial raised shares of Airbnb from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $140.00 to $170.00 in a report on Monday, January 12th. Wedbush reissued a “neutral” rating and set a $130.00 price objective on shares of Airbnb in a report on Friday, February 13th. Finally, Sanford C. Bernstein decreased their price objective on shares of Airbnb from $165.00 to $162.00 and set an “outperform” rating for the company in a report on Tuesday, January 6th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $149.40.

Insider Activity at Airbnb

In related news, Director Joseph Gebbia sold 58,000 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $126.16, for a total transaction of $7,317,280.00. Following the completion of the sale, the director directly owned 170,015 shares in the company, valued at approximately $21,449,092.40. The trade was a 25.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nathan Blecharczyk sold 4,260 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $125.29, for a total transaction of $533,735.40. Following the sale, the insider owned 49,250 shares of the company’s stock, valued at $6,170,532.50. This trade represents a 7.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 363,510 shares of company stock worth $46,447,668. 27.91% of the stock is owned by company insiders.

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.