Chicago Partners Investment Group LLC lifted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB – Free Report) by 27.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 31,043 shares of the company’s stock after purchasing an additional 6,639 shares during the period. Chicago Partners Investment Group LLC’s holdings in Airbnb were worth $3,920,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also modified their holdings of ABNB. Patton Fund Management Inc. boosted its stake in shares of Airbnb by 4.3% in the fourth quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock valued at $254,000 after buying an additional 77 shares in the last quarter. BOKF NA raised its position in Airbnb by 11.0% in the fourth quarter. BOKF NA now owns 787 shares of the company’s stock worth $107,000 after acquiring an additional 78 shares in the last quarter. Yoder Wealth Management Inc. raised its position in Airbnb by 0.3% in the fourth quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock worth $3,582,000 after acquiring an additional 84 shares in the last quarter. Private Advisor Group LLC lifted its holdings in Airbnb by 1.0% in the third quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock valued at $1,007,000 after acquiring an additional 86 shares during the period. Finally, FSB Premier Wealth Management Inc. lifted its holdings in Airbnb by 3.4% in the fourth quarter. FSB Premier Wealth Management Inc. now owns 2,692 shares of the company’s stock valued at $365,000 after acquiring an additional 89 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Airbnb
In related news, CEO Brian Chesky sold 265,746 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 11,206,389 shares of the company’s stock, 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 294,903 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $148.43, for a total transaction of $43,772,452.29. Following the transaction, the director directly owned 2,622,452 shares of the company’s stock, valued at $389,250,550.36. This trade represents a 10.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 2,325,429 shares of company stock worth $321,925,435 in the last three months. Company insiders own 27.21% of the company’s stock.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on ABNB
Airbnb Stock Performance
Shares of ABNB opened at $146.33 on Tuesday. 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 capitalization of $88.19 billion, a price-to-earnings ratio of 36.04, a PEG ratio of 1.59 and a beta of 1.14. The company’s 50 day simple moving average is $138.59 and its 200 day simple moving average is $134.10. Airbnb, Inc. has a 1 year low of $110.81 and a 1 year high of $150.19.
Airbnb (NASDAQ:ABNB – Get Free Report) last posted 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). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter last year, the business earned $0.24 EPS. Airbnb’s revenue for the quarter was up 17.9% compared to the same quarter last year. On average, sell-side analysts predict 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.
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