North Star Asset Management Inc. Acquires Shares of 82,395 Airbnb, Inc. $ABNB

North Star Asset Management Inc. bought a new stake in Airbnb, Inc. (NASDAQ:ABNBFree Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 82,395 shares of the company’s stock, valued at approximately $11,791,000.

A number of other hedge funds have also made changes to their positions in ABNB. Transamerica Financial Advisors LLC boosted its position in Airbnb by 143.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after buying an additional 112 shares in the last quarter. Entrust Financial LLC acquired a new position in shares of Airbnb in the 4th quarter worth approximately $27,000. Meeder Asset Management Inc. boosted its holdings in shares of Airbnb by 96.3% in the 1st quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock worth $27,000 after acquiring an additional 105 shares in the last quarter. Sunbelt Securities Inc. grew its position in Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares during the last quarter. Finally, Wiser Advisor Group LLC acquired a new stake in Airbnb during the 3rd quarter valued at $27,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Activity at Airbnb

In other news, insider Nathan Blecharczyk sold 531,000 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $174.41, for a total value of $92,611,710.00. Following the transaction, the insider owned 171,370 shares of the company’s stock, valued at $29,888,641.70. This represents a 75.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brian Chesky sold 200,000 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $174.79, for a total value of $34,958,000.00. Following the completion of the transaction, the chief executive officer owned 10,501,685 shares in the company, valued at $1,835,589,521.15. This represents a 1.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,850,714 shares of company stock worth $445,952,309 over the last ninety days. Company insiders own 27.21% of the company’s stock.

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $184.40 on Friday. The stock has a market capitalization of $110.42 billion, a P/E ratio of 41.91, a P/E/G ratio of 2.18 and a beta of 1.14. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $193.45. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $157.96 and a two-hundred day moving average price of $141.41.

Airbnb (NASDAQ:ABNBGet Free Report) last issued its earnings results on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.11. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.58 billion. During the same quarter last year, the firm earned $1.03 EPS. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. Equities analysts predict that Airbnb, Inc. will post 5.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Weiss Ratings raised Airbnb from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Jefferies Financial Group raised their target price on Airbnb from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Needham & Company LLC started coverage on Airbnb in a report on Monday, May 4th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $170.00 price target on shares of Airbnb in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Airbnb from $140.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $174.03.

Read Our Latest 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.

Further Reading

Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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