Richard Bernstein Advisors LLC Has $976,000 Holdings in Airbnb, Inc. $ABNB

Richard Bernstein Advisors LLC decreased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 57.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,039 shares of the company’s stock after selling 11,058 shares during the quarter. Richard Bernstein Advisors LLC’s holdings in Airbnb were worth $976,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new stake in Airbnb during the third quarter worth approximately $25,000. Root Financial Partners LLC bought a new position in Airbnb during the third quarter worth $32,000. E Fund Management Hong Kong Co. Ltd. grew its position in Airbnb by 55.5% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 311 shares of the company’s stock worth $38,000 after purchasing an additional 111 shares during the last quarter. Ameriflex Group Inc. increased its holdings in shares of Airbnb by 986.7% during the 3rd quarter. Ameriflex Group Inc. now owns 326 shares of the company’s stock worth $40,000 after purchasing an additional 296 shares during the period. Finally, SJS Investment Consulting Inc. raised its position in shares of Airbnb by 4,255.6% during the third quarter. SJS Investment Consulting Inc. now owns 392 shares of the company’s stock valued at $48,000 after buying an additional 383 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Down 1.2%

Shares of NASDAQ:ABNB opened at $132.44 on Wednesday. The firm’s 50 day moving average price is $130.42 and its 200-day moving average price is $126.64. The stock has a market capitalization of $80.62 billion, a PE ratio of 32.78, a price-to-earnings-growth ratio of 1.51 and a beta of 1.12. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $143.88.

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

Analysts Set New Price Targets

ABNB has been the subject of several research reports. TD Cowen increased their target price on shares of Airbnb from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Airbnb in a report on Wednesday, January 21st. Benchmark decreased their price objective on Airbnb from $155.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Citigroup upgraded Airbnb from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 4th. Finally, UBS Group lifted their price target on shares of Airbnb from $147.00 to $149.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $149.42.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 15,263 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were sold at an average price of $135.00, for a total transaction of $2,060,505.00. Following the completion of the transaction, the chief technology officer owned 165,736 shares in the company, valued at $22,374,360. The trade was a 8.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Elinor Mertz sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $130.00, for a total transaction of $975,000.00. Following the completion of the sale, the chief financial officer owned 418,030 shares of the company’s stock, valued at approximately $54,343,900. This trade represents a 1.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 449,488 shares of company stock valued at $58,706,854. 27.83% of the stock is owned by insiders.

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.