Focus Partners Advisor Solutions LLC Increases Holdings in Airbnb, Inc. $ABNB
by Danessa Lincoln · The Markets DailyFocus Partners Advisor Solutions LLC increased its stake in Airbnb, Inc. (NASDAQ:ABNB – Free Report) by 24.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,923 shares of the company’s stock after buying an additional 5,110 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Airbnb were worth $3,518,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of ABNB. ORG Partners LLC boosted its position in Airbnb by 97.0% during the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after acquiring an additional 96 shares in the last quarter. Entrust Financial LLC bought a new stake in Airbnb during the 4th quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd bought a new stake in Airbnb during the 3rd quarter valued at approximately $25,000. Aventura Private Wealth LLC bought a new stake in Airbnb during the 4th quarter valued at approximately $29,000. Finally, Sunbelt Securities Inc. boosted its position in Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares in the last quarter. 80.76% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have weighed in on ABNB. Oppenheimer raised Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 price objective on the stock in a research report on Monday, May 4th. Wedbush raised Airbnb from a “neutral” rating to a “neutral” rating in a research report on Monday, May 4th. Citizens Jmp lifted their price objective on Airbnb from $160.00 to $170.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. B. Riley Financial reaffirmed a “buy” rating on shares of Airbnb in a research report on Friday, May 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $173.00 price objective on shares of Airbnb in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Airbnb currently has an average rating of “Moderate Buy” and an average price target of $157.76.
Read Our Latest Stock Analysis on ABNB
Insider Activity at Airbnb
In related news, Director Joseph Gebbia sold 265,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $135.45, for a total value of $35,894,250.00. Following the transaction, the director directly owned 3,182,355 shares of the company’s stock, valued at approximately $431,049,984.75. This represents a 7.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 265,746 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $132.22, for a total value of $35,136,936.12. Following the completion of the transaction, the chief executive officer directly owned 11,206,389 shares in the company, valued at $1,481,708,753.58. This trade represents a 2.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,635,218 shares of company stock valued at $220,923,305. 27.21% of the stock is owned by corporate insiders.
Airbnb Stock Performance
Shares of ABNB opened at $131.35 on Wednesday. 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 business’s 50 day moving average price is $134.55 and its 200-day moving average price is $131.00. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $147.25. The stock has a market cap 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 – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.26 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 company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the prior year, the firm earned $0.24 earnings per share. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. Equities research analysts anticipate that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.
Airbnb News Roundup
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. Article Title
- 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.
See Also
- Five stocks we like better than Airbnb
- The Bank of Mom and Dad Is Booming—3 Stocks to Watch
- Corning Is Paving AI’s Future With Glass
- Why’s Amazon Suddenly Lagging the S&P 500, and Is It a Warning?
- Crypto Winter Is Here: 3 Stocks To Put On Ice This Summer
Want to see what other hedge funds are holding ABNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Airbnb, Inc. (NASDAQ:ABNB – Free Report).