Oak Thistle LLC Has $1.11 Million Stock Holdings in Airbnb, Inc. $ABNB

by · The Markets Daily

Oak Thistle LLC decreased its position in shares of Airbnb, Inc. (NASDAQ:ABNB – Free Report) by 50.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,177 shares of the company’s stock after selling 9,215 shares during the period. Oak Thistle LLC’s holdings in Airbnb were worth $1,114,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of ABNB. Vanguard Group Inc. lifted its holdings in shares of Airbnb by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 37,645,965 shares of the company’s stock valued at $4,982,067,000 after buying an additional 183,336 shares during the last quarter. Harris Associates L P raised its position in Airbnb by 43.2% during the second quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock valued at $1,884,168,000 after acquiring an additional 4,292,383 shares in the last quarter. Geode Capital Management LLC lifted its stake in Airbnb by 1.5% in the second quarter. Geode Capital Management LLC now owns 9,942,423 shares of the company’s stock valued at $1,314,057,000 after acquiring an additional 145,788 shares during the last quarter. AQR Capital Management LLC grew its position in Airbnb by 81.0% in the first quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock worth $500,755,000 after acquiring an additional 1,916,676 shares in the last quarter. Finally, Norges Bank bought a new stake in Airbnb in the second quarter worth approximately $483,644,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Joseph Gebbia sold 236,000 shares of the company’s stock in a transaction on Monday, November 10th. The shares were sold at an average price of $120.66, for a total transaction of $28,475,760.00. Following the completion of the transaction, the director directly owned 232,015 shares in the company, valued at $27,994,929.90. This represents a 50.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian Chesky sold 51,230 shares of the stock in a transaction on Monday, December 15th. The shares were sold at an average price of $131.16, for a total transaction of $6,719,326.80. Following the completion of the sale, the chief executive officer directly owned 45,854 shares of the company’s stock, valued at approximately $6,014,210.64. This trade represents a 52.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,737,378 shares of company stock valued at $212,009,665. 27.91% of the stock is owned by company insiders.

Airbnb Stock Performance

NASDAQ ABNB opened at $133.99 on Friday. The stock has a 50-day simple moving average of $123.02 and a 200 day simple moving average of $127.54. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The stock has a market capitalization of $82.48 billion, a PE ratio of 31.83, a P/E/G ratio of 2.35 and a beta of 1.11.

Airbnb (NASDAQ:ABNB – Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the firm earned $2.13 earnings per share. The business’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, equities research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on ABNB shares. BNP Paribas assumed coverage on shares of Airbnb in a research note on Monday, November 24th. They issued a “hold” rating for the company. BNP Paribas Exane started coverage on Airbnb in a research report on Monday, November 24th. They issued a “neutral” rating for the company. Royal Bank Of Canada raised Airbnb from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from $145.00 to $170.00 in a report on Wednesday. DA Davidson reissued a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a research note on Friday, December 5th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $165.00 target price on shares of Airbnb in a research report on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, nineteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $144.28.

Check Out Our Latest Analysis on ABNB

About Airbnb

(Free Report)

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.

See Also

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