Motley Fool Asset Management LLC raised its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB – Free Report) by 35.1% in the 4th quarter, Holdings Channel reports. The firm owned 57,072 shares of the company’s stock after purchasing an additional 14,827 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Airbnb were worth $7,746,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Patton Fund Management Inc. lifted its position in shares of Airbnb by 4.3% during the fourth quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock worth $254,000 after purchasing an additional 77 shares during the last quarter. BOKF NA lifted its position in shares of Airbnb by 11.0% during the fourth quarter. BOKF NA now owns 787 shares of the company’s stock worth $107,000 after purchasing an additional 78 shares during the last quarter. Yoder Wealth Management Inc. lifted its position in shares of Airbnb by 0.3% during the fourth quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock worth $3,582,000 after purchasing an additional 84 shares during the last quarter. Private Advisor Group LLC lifted its position in shares of Airbnb by 1.0% during the third quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock worth $1,007,000 after purchasing an additional 86 shares during the last quarter. Finally, Koshinski Asset Management Inc. lifted its position in shares of Airbnb by 4.1% during the third quarter. Koshinski Asset Management Inc. now owns 2,226 shares of the company’s stock worth $270,000 after purchasing an additional 87 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.
Insider Transactions at Airbnb
In related news, CEO Brian Chesky sold 16,515 shares of the business’s stock in a transaction on Friday, June 5th. The stock was sold at an average price of $135.17, for a total transaction of $2,232,332.55. Following the transaction, the chief executive officer directly owned 10,774,327 shares in the company, valued at $1,456,365,780.59. The trade was a 0.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Elinor Mertz sold 7,433 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $136.24, for a total value of $1,012,671.92. Following the completion of the sale, the chief financial officer directly owned 449,040 shares of the company’s stock, valued at approximately $61,177,209.60. This represents a 1.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,635,218 shares of company stock valued at $220,923,305 in the last quarter. 27.21% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Check Out Our Latest Report on Airbnb
Airbnb Price Performance
ABNB opened at $131.35 on Wednesday. The business’s 50-day moving average is $134.55 and its two-hundred day moving average is $131.00. Airbnb, Inc. has a 1 year low of $110.81 and a 1 year high of $147.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market capitalization of $79.17 billion, a PE ratio of 32.35, a price-to-earnings-growth ratio of 1.44 and a beta of 1.16.
Airbnb (NASDAQ:ABNB – Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) 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 company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter last year, the firm earned $0.24 EPS. Airbnb’s revenue for the quarter was up 17.9% on a year-over-year basis. Research analysts anticipate that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.
Key Stories Impacting Airbnb
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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