MKA Charitable Fund lessened its holdings in Airbnb, Inc. (NASDAQ:ABNB – Free Report) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,855,463 shares of the company’s stock after selling 50,000 shares during the quarter. Airbnb makes up approximately 100.0% of MKA Charitable Fund’s holdings, making the stock its largest position. MKA Charitable Fund’s holdings in Airbnb were worth $251,823,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the business. Ameritas Investment Partners Inc. increased its holdings in Airbnb by 5.3% in the fourth quarter. Ameritas Investment Partners Inc. now owns 19,181 shares of the company’s stock valued at $2,603,000 after buying an additional 960 shares during the last quarter. Zions Bancorporation National Association UT increased its holdings in Airbnb by 16.7% in the fourth quarter. Zions Bancorporation National Association UT now owns 43,025 shares of the company’s stock valued at $5,839,000 after buying an additional 6,143 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Airbnb by 3.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 52,753 shares of the company’s stock valued at $7,160,000 after buying an additional 1,568 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. purchased a new position in Airbnb in the fourth quarter valued at $1,584,000. Finally, Deutsche Bank AG increased its holdings in Airbnb by 10.5% in the fourth quarter. Deutsche Bank AG now owns 1,966,496 shares of the company’s stock valued at $266,893,000 after buying an additional 186,683 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.
Insiders Place Their Bets
In other news, CEO Brian Chesky sold 265,746 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $132.22, for a total transaction of $35,136,936.12. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nathan Blecharczyk sold 60,136 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $145.70, for a total transaction of $8,761,815.20. Following the sale, the insider owned 11,920 shares of the company’s stock, valued at $1,736,744. This trade represents a 83.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,677,117 shares of company stock valued at $226,595,468. 27.21% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on ABNB
Airbnb Stock Performance
Shares of ABNB stock opened at $129.10 on Thursday. The stock’s 50-day moving average is $134.67 and its two-hundred day moving average is $131.12. The firm has a market cap of $77.81 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 1.41 and a beta of 1.16. 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 quick ratio of 1.44 and a current ratio of 1.44.
Airbnb (NASDAQ:ABNB – Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $2.68 billion for 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 business’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 EPS. Analysts predict that Airbnb, Inc. will post 4.91 earnings per share for the current year.
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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