Cwm LLC Raises Holdings in Airbnb, Inc. $ABNB

Cwm LLC grew its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 30.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 177,380 shares of the company’s stock after buying an additional 41,017 shares during the period. Cwm LLC’s holdings in Airbnb were worth $24,074,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new position in shares of Airbnb during the 3rd quarter valued at $25,000. ORG Partners LLC lifted its position in shares of Airbnb by 97.0% during the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after buying an additional 96 shares during the last quarter. Sunbelt Securities Inc. lifted its position in shares of Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after buying an additional 175 shares during the last quarter. Wiser Advisor Group LLC purchased a new position in shares of Airbnb during the 3rd quarter valued at $27,000. Finally, Aventura Private Wealth LLC purchased a new position in shares of Airbnb during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

Shares of ABNB opened at $141.55 on Friday. The stock’s 50-day simple moving average is $128.91 and its 200 day simple moving average is $127.52. The stock has a market capitalization of $86.16 billion, a price-to-earnings ratio of 35.04, a price-to-earnings-growth ratio of 1.67 and a beta of 1.15. Airbnb, Inc. has a 52-week low of $109.79 and a 52-week high of $143.88.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.10). Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The business had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the previous year, the business earned $0.73 EPS. The business’s revenue was up 12.9% on a year-over-year basis. On average, research analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Argus raised Airbnb to a “strong-buy” rating in a research report on Tuesday, February 17th. Sanford C. Bernstein dropped their price target on Airbnb from $165.00 to $162.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 6th. Citigroup raised Airbnb from a “neutral” rating to an “outperform” rating in a report on Wednesday, February 4th. Morgan Stanley set a $120.00 price objective on Airbnb in a report on Friday, February 13th. Finally, B. Riley Financial raised Airbnb from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $140.00 to $170.00 in a report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $149.40.

Insider Buying and Selling at Airbnb

In other news, CFO Elinor Mertz sold 3,750 shares of the stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $130.99, for a total transaction of $491,212.50. Following the transaction, the chief financial officer directly owned 394,359 shares in the company, valued at approximately $51,657,085.41. This represents a 0.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nathan Blecharczyk sold 4,260 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $125.29, for a total value of $533,735.40. Following the transaction, the insider owned 49,250 shares in the company, valued at $6,170,532.50. This trade represents a 7.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 363,510 shares of company stock valued at $46,447,668 in the last 90 days. Corporate insiders own 27.91% of the company’s stock.

Airbnb 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.