Unique Wealth LLC Makes New $492,000 Investment in Airbnb, Inc. $ABNB

Unique Wealth LLC acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,898 shares of the company’s stock, valued at approximately $492,000.

Several other large investors have also modified their holdings of ABNB. Harris Associates L P raised its position in Airbnb by 43.2% in the 2nd quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock valued at $1,884,168,000 after purchasing an additional 4,292,383 shares during the last quarter. Independent Franchise Partners LLP purchased a new position in Airbnb during the 3rd quarter worth $505,672,000. Norges Bank purchased a new position in Airbnb during the 4th quarter worth $480,332,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Airbnb by 453.5% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock valued at $403,782,000 after purchasing an additional 2,724,682 shares during the period. Finally, SRS Investment Management LLC acquired a new position in Airbnb in the fourth quarter valued at $342,017,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ABNB has been the subject of several recent research reports. Citigroup reiterated an “outperform” rating on shares of Airbnb in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $170.00 price objective on shares of Airbnb in a research note on Friday, May 8th. DA Davidson increased their price objective on Airbnb from $150.00 to $162.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Rodman & Renshaw started coverage on Airbnb in a research note on Monday, May 4th. They issued a “buy” rating on the stock. Finally, Scotiabank assumed coverage on Airbnb in a report on Monday, May 4th. They issued an “outperform” rating on the stock. 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.96.

Airbnb Stock Down 1.7%

Airbnb stock opened at $141.88 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market capitalization of $85.51 billion, a price-to-earnings ratio of 34.95, a price-to-earnings-growth ratio of 1.55 and a beta of 1.16. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $147.27. The stock’s fifty day moving average is $137.20 and its two-hundred day moving average is $132.76.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $2.62 billion. During the same period last year, the firm earned $0.24 EPS. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. Analysts predict that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 265,000 shares of Airbnb stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $135.45, for a total transaction of $35,894,250.00. Following the completion of the transaction, the director owned 3,182,355 shares in the company, valued at approximately $431,049,984.75. The trade was a 7.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nathan Blecharczyk sold 60,136 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider directly owned 11,920 shares in the company, valued at $1,736,744. This trade represents a 83.46% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,914,860 shares of company stock worth $259,869,869. 27.21% of the stock is owned by corporate insiders.

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.