Focus Partners Advisor Solutions LLC boosted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB – Free Report) by 24.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,923 shares of the company’s stock after buying an additional 5,110 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Airbnb were worth $3,518,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the business. Patton Fund Management Inc. boosted its stake in Airbnb by 4.3% during the fourth quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock valued at $254,000 after buying an additional 77 shares during the period. BOKF NA boosted its stake in Airbnb by 11.0% during the fourth quarter. BOKF NA now owns 787 shares of the company’s stock valued at $107,000 after buying an additional 78 shares during the period. Yoder Wealth Management Inc. boosted its stake in Airbnb by 0.3% during the fourth quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock valued at $3,582,000 after buying an additional 84 shares during the period. Private Advisor Group LLC boosted its stake in Airbnb by 1.0% during the third quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock valued at $1,007,000 after buying an additional 86 shares during the period. Finally, Koshinski Asset Management Inc. boosted its stake in Airbnb by 4.1% during the third quarter. Koshinski Asset Management Inc. now owns 2,226 shares of the company’s stock valued at $270,000 after buying an additional 87 shares during the period. Institutional investors own 80.76% of the company’s stock.
Insider Activity at Airbnb
In related news, Director Joseph Gebbia sold 265,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $135.45, for a total transaction of $35,894,250.00. Following the transaction, the director owned 3,182,355 shares in the company, valued at $431,049,984.75. The trade was a 7.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian Chesky sold 265,746 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $132.22, for a total value of $35,136,936.12. Following the transaction, the chief executive officer owned 11,206,389 shares in the company, valued at approximately $1,481,708,753.58. This represents a 2.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,635,218 shares of company stock worth $220,923,305 in the last 90 days. Company insiders own 27.21% of the company’s stock.
Analysts Set New Price Targets
Get Our Latest Analysis on ABNB
Airbnb Stock Down 2.3%
ABNB opened at $131.35 on Wednesday. The company has a market cap of $79.17 billion, a P/E ratio of 32.35, a P/E/G ratio of 1.44 and a beta of 1.16. The business’s 50-day moving average price is $134.55 and its 200-day moving average price is $131.00. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $147.25.
Airbnb (NASDAQ:ABNB – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The firm’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 EPS. On average, equities analysts expect that Airbnb, Inc. will post 4.91 EPS for the current year.
Airbnb News Roundup
Here are the key news stories impacting Airbnb this week:
- Negative Sentiment: CEO Brian Chesky disclosed multiple stock sales over the past several sessions, including a recent sale of 16,515 shares and a larger sale of 64,333 shares, which can weigh on sentiment even though he still owns a very large stake. Article Title
- Negative Sentiment: A separate report highlighted a sharp increase in short interest activity in Airbnb, reinforcing the idea that some traders are positioning for more downside or caution in the near term.
- Neutral Sentiment: Airbnb remains supported by longer-term analyst optimism, with a consensus “Moderate Buy” rating and an average price target above current trading levels, but that has not been enough to offset the recent insider-sale headlines. Article Title
- Neutral Sentiment: The company’s fundamentals remain solid overall, with revenue growth in the latest quarter and continued profitability, but the most recent earnings report also showed an EPS miss, which may limit enthusiasm. Article Title
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.
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