Cerity Partners LLC Boosts Stake in Airbnb, Inc. $ABNB

Cerity Partners LLC increased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 18.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 431,905 shares of the company’s stock after acquiring an additional 67,081 shares during the quarter. Cerity Partners LLC’s holdings in Airbnb were worth $58,618,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ABNB. Aster Capital Management DIFC Ltd acquired a new position in Airbnb in the 3rd quarter valued at about $25,000. ORG Partners LLC increased its position in shares of Airbnb by 97.0% during the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after acquiring an additional 96 shares during the last quarter. Entrust Financial LLC acquired a new stake in shares of Airbnb during the fourth quarter valued at about $27,000. Sunbelt Securities Inc. increased its position in shares of Airbnb by 397.7% during the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares during the last quarter. Finally, Wiser Advisor Group LLC acquired a new stake in shares of Airbnb during the third quarter valued at about $27,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. BMO Capital Markets lifted their price target on shares of Airbnb from $130.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, February 13th. DA Davidson lifted their price target on shares of Airbnb from $150.00 to $162.00 and gave the company a “buy” rating in a research report on Monday, May 11th. UBS Group lifted their price target on shares of Airbnb from $153.00 to $157.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Citigroup reiterated an “outperform” rating on shares of Airbnb in a research report on Friday, May 8th. Finally, Wedbush raised shares of Airbnb from a “neutral” rating to a “neutral” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Airbnb currently has a consensus rating of “Moderate Buy” and an average target price of $157.76.

Airbnb Stock Down 2.3%

Shares of Airbnb stock opened at $131.35 on Wednesday. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $147.25. The company has a 50 day moving average of $134.55 and a 200 day moving average of $131.00. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $79.17 billion, a P/E ratio of 32.35, a P/E/G ratio of 1.44 and a beta of 1.16.

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

Insider Transactions at Airbnb

In other news, CFO Elinor Mertz sold 7,433 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $136.24, for a total transaction of $1,012,671.92. Following the completion of the sale, the chief financial officer owned 449,040 shares in the company, valued at approximately $61,177,209.60. The trade was a 1.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Chesky sold 16,515 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $135.17, for a total transaction of $2,232,332.55. Following the sale, the chief executive officer owned 10,774,327 shares of the company’s stock, valued at $1,456,365,780.59. This represents a 0.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,635,218 shares of company stock worth $220,923,305. 27.21% of the stock is currently owned by insiders.

Airbnb News Summary

Here are the key news stories impacting Airbnb this week:

• Negative Sentiment: CEO Brian Chesky disclosed multiple stock sales over the past several sessions, including a recent sale of 16,515 shares and a larger sale of 64,333 shares, which can weigh on sentiment even though he still owns a very large stake. Article Title
• Negative Sentiment: A separate report highlighted a sharp increase in short interest activity in Airbnb, reinforcing the idea that some traders are positioning for more downside or caution in the near term.
• Neutral Sentiment: Airbnb remains supported by longer-term analyst optimism, with a consensus “Moderate Buy” rating and an average price target above current trading levels, but that has not been enough to offset the recent insider-sale headlines.
• Neutral Sentiment: The company’s fundamentals remain solid overall, with revenue growth in the latest quarter and continued profitability, but the most recent earnings report also showed an EPS miss, which may limit enthusiasm. Article Title

Airbnb 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.