Airbnb, Inc. $ABNB Stock Position Lowered by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. lessened its position in Airbnb, Inc. (NASDAQ:ABNB) by 9.0% in the 4th quarter, Holdings Channel reports. The fund owned 120,516 shares of the company’s stock after selling 11,981 shares during the period. GW Henssler & Associates Ltd.’s holdings in Airbnb were worth $16,356,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Airbnb by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 38,295,288 shares of the company’s stock valued at $4,649,814,000 after buying an additional 649,323 shares during the period. Harris Associates L P boosted its holdings 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 period. Geode Capital Management LLC boosted its holdings in Airbnb by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 10,076,465 shares of the company’s stock valued at $1,368,338,000 after purchasing an additional 47,966 shares during the period. AQR Capital Management LLC boosted its holdings 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 purchasing an additional 1,577,338 shares during the period. Finally, Independent Franchise Partners LLP bought a new position in shares of Airbnb during the 3rd quarter worth about $505,672,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Up 3.4%

Airbnb stock opened at $137.87 on Tuesday. The company’s 50 day simple moving average is $134.07 and its 200 day simple moving average is $130.37. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $147.25. The firm has a market capitalization of $83.09 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 1.43 and a beta of 1.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44.

Airbnb (NASDAQ:ABNB) last released 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 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 the consensus estimate of $2.62 billion. During the same period in the previous year, the business earned $0.24 EPS. The firm’s revenue was up 17.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.91 EPS for the current year.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 265,746 shares of Airbnb 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 transaction, the chief executive officer owned 11,206,389 shares of the company’s stock, valued at approximately $1,481,708,753.58. The trade was a 2.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 60,136 shares of Airbnb stock in a transaction that occurred on 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 transaction, the insider directly owned 11,920 shares in the company, valued at approximately $1,736,744. The trade was a 83.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 968,723 shares of company stock valued at $130,478,651. 27.21% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. B. Riley Financial reiterated a “buy” rating on shares of Airbnb in a research report on Friday, May 8th. Barclays raised their price objective on shares of Airbnb from $122.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Scotiabank started coverage on shares of Airbnb in a research report on Monday, May 4th. They issued an “outperform” rating for the company. Morgan Stanley cut shares of Airbnb from an “underweight” rating to an “underweight” rating in a research report on Monday, May 4th. Finally, Citigroup reiterated an “outperform” rating on shares of Airbnb in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Airbnb presently has a consensus rating of “Moderate Buy” and an average price target of $157.67.

About Airbnb

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.