Airbnb, Inc. $ABNB Shares Sold by Stephens Inc. AR

Stephens Inc. AR lowered its stake in Airbnb, Inc. (NASDAQ:ABNB) by 19.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 17,400 shares of the company’s stock after selling 4,103 shares during the quarter. Stephens Inc. AR’s holdings in Airbnb were worth $2,113,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in ABNB. Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Airbnb by 3.5% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 962,551 shares of the company’s stock worth $116,873,000 after acquiring an additional 32,501 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Airbnb by 1.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,925,689 shares of the company’s stock valued at $387,186,000 after purchasing an additional 31,120 shares during the last quarter. Cerity Partners LLC raised its position in Airbnb by 18.1% in the third quarter. Cerity Partners LLC now owns 364,824 shares of the company’s stock valued at $44,297,000 after purchasing an additional 55,838 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in Airbnb by 5.7% during the second quarter. Nomura Asset Management Co. Ltd. now owns 159,676 shares of the company’s stock worth $21,132,000 after purchasing an additional 8,605 shares in the last quarter. Finally, Abacus FCF Advisors LLC boosted its position in shares of Airbnb by 7.8% during the third quarter. Abacus FCF Advisors LLC now owns 135,577 shares of the company’s stock worth $16,462,000 after buying an additional 9,864 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on ABNB. Cantor Fitzgerald upgraded Airbnb from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $117.00 to $141.00 in a report on Thursday, January 8th. Wedbush increased their price target on shares of Airbnb from $130.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. KeyCorp began coverage on shares of Airbnb in a report on Thursday, October 23rd. They issued a “sector weight” rating for the company. DA Davidson reiterated a “buy” rating and set a $155.00 target price on shares of Airbnb in a report on Friday, December 5th. Finally, BNP Paribas began coverage on shares of Airbnb in a research note on Monday, November 24th. They issued a “hold” rating for the company. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty-one have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $147.84.

Airbnb Stock Down 1.5%

Shares of Airbnb stock opened at $130.66 on Friday. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The company has a market capitalization of $80.43 billion, a P/E ratio of 31.04, a P/E/G ratio of 2.03 and a beta of 1.09. The company has a 50 day moving average of $127.80 and a 200 day moving average of $127.74.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. Airbnb had a net margin of 22.03% and a return on equity of 32.14%. Airbnb’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.13 earnings per share. As a group, research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Airbnb news, CEO Brian Chesky sold 51,230 shares of Airbnb stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $131.16, for a total transaction of $6,719,326.80. Following the completion of the sale, the chief executive officer directly owned 45,854 shares of the company’s stock, valued at $6,014,210.64. The trade was a 52.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph Gebbia sold 58,000 shares of the company’s stock in a transaction dated Monday, January 12th. The stock was sold at an average price of $138.45, for a total value of $8,030,100.00. Following the transaction, the director directly owned 518,015 shares of the company’s stock, valued at approximately $71,719,176.75. This represents a 10.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,401,156 shares of company stock valued at $173,365,363 in the last three months. Corporate insiders own 27.91% of the company’s stock.

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.