HS Management Partners LLC Grows Holdings in Airbnb, Inc. (NASDAQ:ABNB)

HS Management Partners LLC boosted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 186.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 298,395 shares of the company’s stock after acquiring an additional 194,220 shares during the period. Airbnb accounts for 2.4% of HS Management Partners LLC’s portfolio, making the stock its 20th largest position. HS Management Partners LLC’s holdings in Airbnb were worth $37,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Ground Swell Capital LLC bought a new position in Airbnb during the third quarter worth $697,000. Lmcg Investments LLC lifted its position in shares of Airbnb by 1.7% in the 3rd quarter. Lmcg Investments LLC now owns 44,535 shares of the company’s stock worth $5,647,000 after buying an additional 731 shares during the last quarter. AM Investment Strategies LLC acquired a new position in shares of Airbnb in the 3rd quarter valued at about $587,000. Chicago Partners Investment Group LLC grew its position in shares of Airbnb by 42.8% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 10,049 shares of the company’s stock valued at $1,326,000 after buying an additional 3,012 shares during the last quarter. Finally, Capital Advisors Inc. OK raised its stake in Airbnb by 38.3% during the third quarter. Capital Advisors Inc. OK now owns 161,724 shares of the company’s stock worth $20,508,000 after acquiring an additional 44,787 shares during the period. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

Shares of ABNB opened at $136.46 on Monday. The company’s 50 day moving average price is $126.86 and its 200 day moving average price is $138.07. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a market capitalization of $87.56 billion, a PE ratio of 18.57, a PEG ratio of 1.90 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the business earned $0.98 earnings per share. Research analysts expect that Airbnb, Inc. will post 4.17 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Joseph Gebbia sold 11,635 shares of Airbnb stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total value of $1,596,322.00. Following the completion of the sale, the director now owns 16,472 shares of the company’s stock, valued at approximately $2,259,958.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total value of $71,364.00. Following the completion of the sale, the chief technology officer now directly owns 198,244 shares in the company, valued at approximately $23,579,141.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph Gebbia sold 11,635 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the sale, the director now directly owns 16,472 shares of the company’s stock, valued at approximately $2,259,958.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 418,406 shares of company stock valued at $51,885,773 over the last ninety days. Corporate insiders own 27.83% of the company’s stock.

Analyst Ratings Changes

ABNB has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on Airbnb from $100.00 to $102.00 and gave the company an “underweight” rating in a research report on Tuesday, October 8th. Wedbush lowered their price target on shares of Airbnb from $165.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Cantor Fitzgerald reissued an “underweight” rating and set a $94.00 target price on shares of Airbnb in a research note on Monday, October 7th. Susquehanna dropped their price target on shares of Airbnb from $180.00 to $130.00 and set a “positive” rating on the stock in a research note on Wednesday, August 7th. Finally, Barclays lowered their target price on Airbnb from $110.00 to $100.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Five analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $135.35.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.