Airbnb, Inc. $ABNB Shares Purchased by Investidor Profissional Gestao de Recursos Ltda.

Investidor Profissional Gestao de Recursos Ltda. raised its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 110.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 40,780 shares of the company’s stock after purchasing an additional 21,422 shares during the quarter. Airbnb comprises 3.3% of Investidor Profissional Gestao de Recursos Ltda.’s portfolio, making the stock its 12th largest position. Investidor Profissional Gestao de Recursos Ltda.’s holdings in Airbnb were worth $5,535,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new position in Airbnb during the third quarter worth approximately $25,000. ORG Partners LLC increased its position in Airbnb by 97.0% during the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after purchasing an additional 96 shares during the last quarter. Sunbelt Securities Inc. increased its position in Airbnb by 397.7% during the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares during the last quarter. Wiser Advisor Group LLC acquired a new position in Airbnb during the third quarter worth approximately $27,000. Finally, Aventura Private Wealth LLC acquired a new position in Airbnb during the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insiders Place Their Bets

In other Airbnb news, insider Nathan Blecharczyk sold 60,136 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $145.70, for a total transaction of $8,761,815.20. Following the transaction, the insider directly owned 11,920 shares in the company, valued at $1,736,744. This represents a 83.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joseph Gebbia sold 58,000 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $126.16, for a total transaction of $7,317,280.00. Following the transaction, the director owned 170,015 shares in the company, valued at $21,449,092.40. This trade represents a 25.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 459,838 shares of company stock worth $62,185,245 over the last quarter. 27.21% of the stock is currently owned by insiders.

Airbnb Price Performance

Shares of ABNB stock opened at $132.85 on Friday. The company has a market capitalization of $80.07 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 1.42 and a beta of 1.20. The firm has a fifty day simple moving average of $133.56 and a 200-day simple moving average of $129.61. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $147.25.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.05). The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. Airbnb’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 earnings per share. Equities research analysts anticipate that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on ABNB. Morgan Stanley lowered shares of Airbnb from an “underweight” rating to an “underweight” rating in a research report on Monday, May 4th. Citizens Jmp increased their price objective on shares of Airbnb from $160.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. increased their price objective on shares of Airbnb from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Wedbush raised shares of Airbnb from a “neutral” rating to a “neutral” rating in a research report on Monday, May 4th. Finally, Scotiabank began coverage on shares of Airbnb in a research report on Monday, May 4th. They issued an “outperform” rating for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Airbnb has an average rating of “Moderate Buy” and an average price target of $157.67.

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.