Meitav Investment House Ltd. lowered its stake in shares of Airbnb, Inc. (NASDAQ:ABNB – Free Report) by 92.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,390 shares of the company’s stock after selling 28,394 shares during the period. Meitav Investment House Ltd.’s holdings in Airbnb were worth $302,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Patton Fund Management Inc. boosted 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 acquiring an additional 77 shares during the last quarter. BOKF NA lifted its stake in Airbnb by 11.0% in the 4th quarter. BOKF NA now owns 787 shares of the company’s stock worth $107,000 after purchasing an additional 78 shares in the last quarter. Yoder Wealth Management Inc. lifted its stake in Airbnb by 0.3% in the 4th 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 in the last quarter. Private Advisor Group LLC boosted its holdings in shares of Airbnb by 1.0% during the 3rd quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock valued at $1,007,000 after purchasing an additional 86 shares during the last quarter. Finally, FSB Premier Wealth Management Inc. boosted its holdings in shares of Airbnb by 3.4% during the 4th quarter. FSB Premier Wealth Management Inc. now owns 2,692 shares of the company’s stock valued at $365,000 after purchasing an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on ABNB shares. CICC Research started coverage on Airbnb in a report on Friday, June 5th. They issued an “outperform” rating and a $165.00 target price on the stock. Royal Bank Of Canada restated an “outperform” rating and set a $173.00 price target on shares of Airbnb in a report on Thursday, May 21st. Citigroup reaffirmed an “outperform” rating on shares of Airbnb in a research note on Friday, May 8th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Airbnb in a report on Friday, May 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $170.00 target price on shares of Airbnb in a report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Airbnb has an average rating of “Moderate Buy” and an average price target of $158.36.
Insider Activity
In related news, CEO Brian Chesky sold 265,746 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $132.22, for a total transaction of $35,136,936.12. Following 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 88,366 shares of the firm’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $145.81, for a total value of $12,884,646.46. Following the completion of the sale, the insider owned 12,370 shares of the company’s stock, valued at approximately $1,803,669.70. This represents a 87.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 2,309,354 shares of company stock valued at $319,536,378. 27.21% of the stock is currently owned by insiders.
Airbnb Trading Up 0.8%
ABNB opened at $148.80 on Wednesday. The firm has a market cap of $89.68 billion, a P/E ratio of 36.65, a P/E/G ratio of 1.58 and a beta of 1.14. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $150.19. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average of $138.11 and a 200 day moving average of $133.81.
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 analysts’ consensus estimates of $0.31 by ($0.05). The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter last year, the company earned $0.24 earnings per share. As a group, research analysts forecast that Airbnb, Inc. will post 4.91 EPS for the current year.
Airbnb Company 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.
Featured Articles
- Five stocks we like better than Airbnb
- Apple and Broadcom Forge a Decade-Long Silicon Fortress
- SK Hynix’s Nasdaq Listing Could Reset the AI Memory Trade
- The AI Chip Sell-Off Looks Scary, But the Real Story May Be Liquidity
- Palantir’s CEO Just Called Out OpenAI and Anthropic
Want to see what other hedge funds are holding ABNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Airbnb, Inc. (NASDAQ:ABNB – Free Report).
Receive News & Ratings for Airbnb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airbnb and related companies with MarketBeat.com's FREE daily email newsletter.
-logo-1200x675.png){kind=logo}
