Clarkston Capital Partners LLC Boosts Stake in Airbnb, Inc. $ABNB

Clarkston Capital Partners LLC lifted its holdings in Airbnb, Inc. (NASDAQ:ABNBFree Report) by 79.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 196,795 shares of the company’s stock after purchasing an additional 87,061 shares during the quarter. Clarkston Capital Partners LLC’s holdings in Airbnb were worth $26,709,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. ORG Partners LLC boosted its stake in shares of Airbnb by 97.0% in the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after buying an additional 96 shares in the last quarter. Entrust Financial LLC purchased a new stake in shares of Airbnb in the fourth quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Airbnb in the third quarter valued at approximately $25,000. Aventura Private Wealth LLC purchased a new stake in shares of Airbnb in the fourth quarter valued at approximately $29,000. Finally, Sunbelt Securities Inc. boosted its stake in shares of Airbnb by 397.7% in the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after buying an additional 175 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Stock Up 1.1%

ABNB opened at $132.28 on Friday. The business’s fifty day moving average is $134.91 and its two-hundred day moving average is $131.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market cap of $79.73 billion, a price-to-earnings ratio of 32.58, a PEG ratio of 1.40 and a beta of 1.16. Airbnb, Inc. has a one year low of $110.81 and a one year high of $147.25.

Airbnb (NASDAQ:ABNBGet Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates 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 firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Analysts anticipate that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other Airbnb news, Director Joseph Gebbia sold 265,000 shares of the business’s stock in a transaction on 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 sale, the director directly owned 3,182,355 shares in the company, valued at approximately $431,049,984.75. The trade was a 7.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Elinor Mertz sold 7,433 shares of the business’s stock in a transaction on 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 sale, the chief financial officer owned 449,040 shares in the company, valued at approximately $61,177,209.60. The trade was a 1.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 1,677,117 shares of company stock worth $226,595,468. 27.21% of the stock is owned by corporate insiders.

Trending Headlines about Airbnb

Here are the key news stories impacting Airbnb this week:

  • Positive Sentiment: Motley Fool articles argue Airbnb remains a top growth stock, citing its strong network effect, large base of hosts and travelers, and ongoing product innovation that could support long-term user engagement and revenue growth. Article Title
  • Positive Sentiment: Investor sentiment also looks supported by news that CEO Brian Chesky is launching a new AI venture focused on rethinking user interaction and design, which could signal fresh innovation around the Airbnb ecosystem. Article Title
  • Neutral Sentiment: Airbnb shareholders recently reaffirmed the board, auditor, and executive pay packages at the annual meeting, a routine governance update that does not appear to materially change the investment case. Article Title
  • Negative Sentiment: CEO Brian Chesky disclosed additional share sales, adding to recent insider selling and potentially raising concerns about management confidence or near-term valuation. Article Title
  • Negative Sentiment: Broader regulatory pressure on short-term rentals, such as new rules being discussed in Cape Town, could add to the long-term policy risk facing Airbnb’s business model. Article Title

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ABNB shares. HC Wainwright upgraded Airbnb to a “buy” rating in a research note on Monday, May 4th. Evercore restated an “outperform” rating on shares of Airbnb in a research note on Friday, May 8th. Citizens Jmp lifted their price target on Airbnb from $160.00 to $170.00 and gave the company a “market outperform” rating in a research note on Friday, May 8th. CICC Research started coverage on Airbnb in a research note on Friday, June 5th. They issued an “outperform” rating and a $165.00 price target on the stock. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $173.00 price target on shares of Airbnb in a research note on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Airbnb presently has a consensus rating of “Moderate Buy” and an average price target of $157.76.

Read Our Latest Stock Report on Airbnb

Airbnb Profile

(Free Report)

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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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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