Total Wealth Planning & Management Inc. acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB – Free Report) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 4,145 shares of the company’s stock, valued at approximately $563,000.
Other hedge funds have also modified their holdings of the company. Aster Capital Management DIFC Ltd bought a new position in shares of Airbnb during the third quarter worth about $25,000. ORG Partners LLC grew its holdings in shares of Airbnb by 97.0% during the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after buying an additional 96 shares in the last quarter. Entrust Financial LLC bought a new position in shares of Airbnb during the fourth quarter worth about $27,000. Sunbelt Securities Inc. grew its holdings in shares of Airbnb by 397.7% during the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after buying an additional 175 shares in the last quarter. Finally, Wiser Advisor Group LLC bought a new position in shares of Airbnb during the third quarter worth about $27,000. 80.76% of the stock is currently owned by institutional investors.
Insider Activity
In other news, Director Joseph Gebbia sold 265,000 shares of the firm’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 completion of the sale, the director directly owned 3,182,355 shares of the company’s stock, valued at $431,049,984.75. This trade represents a 7.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Brian Chesky sold 62,764 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $134.00, for a total value of $8,410,376.00. Following the completion of the sale, the chief executive officer directly owned 10,855,175 shares of the company’s stock, valued at approximately $1,454,593,450. The trade was a 0.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,612,370 shares of company stock valued at $217,546,338 over the last three months. Insiders own 27.21% of the company’s stock.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on ABNB
Airbnb News Roundup
Here are the key news stories impacting Airbnb this week:
- Positive Sentiment: Brokerages continue to rate Airbnb at an average of “Moderate Buy,” signaling that analysts remain broadly constructive on the company’s outlook. Airbnb, Inc. (NASDAQ:ABNB) Given Average Rating of “Moderate Buy” by Brokerages
- Positive Sentiment: CEO Brian Chesky’s plans to start an AI venture could be seen as strategically important if Airbnb applies new AI tools to product design, personalization, or user experience. Airbnb CEO Brian Chesky Plans to Start a New AI Company
- Positive Sentiment: Institutional ownership remains high, suggesting continued support from large investors and reducing concerns about broad-based selling pressure.
- Neutral Sentiment: Airbnb’s latest quarter showed strong revenue growth but an EPS miss, making the stock reaction more dependent on whether investors focus on growth or profitability.
- Neutral Sentiment: Analysts’ consensus price target remains well above the current trading range, which leaves room for upside but does not guarantee near-term movement.
- Negative Sentiment: CEO Brian Chesky sold 62,764 shares, and Director Joseph Gebbia sold 265,000 shares, which can pressure sentiment because insider selling sometimes signals limited near-term upside. SEC filing for Joseph Gebbia sale SEC filing for Brian Chesky sales
- Negative Sentiment: Airbnb recently missed analyst EPS estimates, keeping some pressure on the stock as investors assess whether margins can keep up with revenue growth.
Airbnb Stock Performance
ABNB opened at $133.72 on Friday. Airbnb, Inc. has a 12-month low of $110.81 and a 12-month high of $147.25. The stock has a market cap of $80.59 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 1.43 and a beta of 1.16. The business has a 50 day moving average of $134.28 and a 200-day moving average of $130.63. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32.
Airbnb (NASDAQ:ABNB – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the business earned $0.24 earnings per share. The business’s quarterly revenue was up 17.9% on a year-over-year basis. On average, equities research analysts expect that Airbnb, Inc. will post 4.91 earnings per share for the current 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.
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