Airbnb, Inc. $ABNB Stock Position Boosted by GCQ FUNDS MANAGEMENT PTY Ltd

GCQ FUNDS MANAGEMENT PTY Ltd increased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 83.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 311,718 shares of the company’s stock after acquiring an additional 142,090 shares during the quarter. Airbnb comprises 5.7% of GCQ FUNDS MANAGEMENT PTY Ltd’s holdings, making the stock its 7th biggest position. GCQ FUNDS MANAGEMENT PTY Ltd owned 0.05% of Airbnb worth $37,849,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ABNB. SBI Securities Co. Ltd. grew its position in Airbnb by 0.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 10,552 shares of the company’s stock worth $1,396,000 after purchasing an additional 85 shares during the period. Koshinski Asset Management Inc. boosted its stake in shares of Airbnb by 4.1% in the third quarter. Koshinski Asset Management Inc. now owns 2,226 shares of the company’s stock worth $270,000 after buying an additional 87 shares during the last quarter. LRI Investments LLC grew its holdings in Airbnb by 7.5% during the third quarter. LRI Investments LLC now owns 1,260 shares of the company’s stock worth $153,000 after acquiring an additional 88 shares during the period. Brookstone Capital Management grew its holdings in Airbnb by 4.0% during the third quarter. Brookstone Capital Management now owns 2,350 shares of the company’s stock worth $285,000 after acquiring an additional 91 shares during the period. Finally, SYM FINANCIAL Corp raised its position in Airbnb by 4.9% during the third quarter. SYM FINANCIAL Corp now owns 1,953 shares of the company’s stock valued at $237,000 after acquiring an additional 91 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Airbnb news, insider Nathan Blecharczyk sold 141,063 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $121.96, for a total transaction of $17,204,043.48. Following the completion of the transaction, the insider owned 11,520 shares in the company, valued at $1,404,979.20. The trade was a 92.45% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joseph Gebbia sold 58,000 shares of the company’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $118.47, for a total value of $6,871,260.00. Following the transaction, the director directly owned 692,015 shares of the company’s stock, valued at approximately $81,983,017.05. This represents a 7.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 857,682 shares of company stock valued at $108,169,163 in the last three months. 27.91% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ABNB has been the topic of several recent research reports. BMO Capital Markets upped their price objective on Airbnb from $130.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, February 13th. Truist Financial boosted their target price on shares of Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a research note on Thursday, December 4th. UBS Group raised their price target on shares of Airbnb from $147.00 to $149.00 and gave the company a “neutral” rating in a research report on Tuesday, February 3rd. Wells Fargo & Company lifted their price objective on shares of Airbnb from $128.00 to $133.00 and gave the company an “equal weight” rating in a report on Friday, February 13th. Finally, Morgan Stanley set a $120.00 price objective on shares of Airbnb in a research report on Friday, February 13th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $148.69.

Airbnb Stock Performance

Shares of ABNB stock opened at $132.02 on Thursday. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $145.69. The stock’s fifty day moving average is $130.75 and its two-hundred day moving average is $126.02. The firm has a market capitalization of $80.36 billion, a P/E ratio of 32.68, a PEG ratio of 1.70 and a beta of 1.15.

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

About Airbnb

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.