Airbnb, Inc. $ABNB Shares Sold by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. trimmed its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 57,530 shares of the company’s stock after selling 4,543 shares during the period. Harvest Portfolios Group Inc.’s holdings in Airbnb were worth $7,808,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ABNB. Harris Associates L P increased its holdings in shares of Airbnb by 43.2% in the 2nd quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock worth $1,884,168,000 after acquiring an additional 4,292,383 shares during the period. Independent Franchise Partners LLP bought a new position in Airbnb in the 3rd quarter valued at about $505,672,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Airbnb by 453.5% in the 3rd 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 buying an additional 2,724,682 shares in the last quarter. AQR Capital Management LLC grew its position in Airbnb by 58.6% in the 3rd quarter. AQR Capital Management LLC now owns 4,269,937 shares of the company’s stock valued at $518,456,000 after buying an additional 1,577,338 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in Airbnb by 6,623.8% in the 3rd quarter. Van ECK Associates Corp now owns 1,394,109 shares of the company’s stock valued at $169,273,000 after buying an additional 1,373,375 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Activity

In other Airbnb news, Director Joseph Gebbia sold 58,000 shares of the firm’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $126.16, for a total value of $7,317,280.00. Following the completion of the transaction, the director directly 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. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nathan Blecharczyk sold 60,136 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $145.70, for a total transaction of $8,761,815.20. Following the completion of the transaction, the insider owned 11,920 shares of the company’s stock, valued at approximately $1,736,744. The trade was a 83.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 459,838 shares of company stock valued at $62,185,245. Insiders own 27.21% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ABNB shares. Weiss Ratings upgraded shares of Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 12th. DA Davidson increased their target price 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. Wedbush upgraded shares of Airbnb from a “neutral” rating to a “neutral” rating in a research report on Monday, May 4th. Evercore reiterated an “outperform” rating on shares of Airbnb in a research report on Friday, May 8th. Finally, Scotiabank assumed coverage on shares of Airbnb in a research report on Monday, May 4th. They issued an “outperform” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Airbnb has a consensus rating of “Moderate Buy” and a consensus price target of $157.67.

Airbnb Stock Performance

NASDAQ:ABNB opened at $131.16 on Wednesday. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $147.25. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average of $133.49 and a 200-day moving average of $129.70. The firm has a market cap of $79.05 billion, a price-to-earnings ratio of 32.31, a price-to-earnings-growth ratio of 1.44 and a beta of 1.20.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data 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). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter last year, the business posted $0.24 EPS. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. Analysts forecast that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Airbnb Company 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.