Airbnb, Inc. $ABNB Position Reduced by Cambiar Investors LLC

Cambiar Investors LLC lowered its stake in Airbnb, Inc. (NASDAQ:ABNB) by 10.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 382,362 shares of the company’s stock after selling 44,663 shares during the period. Airbnb accounts for approximately 2.1% of Cambiar Investors LLC’s holdings, making the stock its 17th biggest holding. Cambiar Investors LLC owned 0.06% of Airbnb worth $46,426,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. DDD Partners LLC grew its stake in Airbnb by 3.9% in the second quarter. DDD Partners LLC now owns 2,041 shares of the company’s stock worth $270,000 after purchasing an additional 76 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings in Airbnb by 70.9% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after buying an additional 83 shares during the last quarter. SBI Securities Co. Ltd. grew its position in shares of Airbnb by 0.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 10,552 shares of the company’s stock worth $1,396,000 after acquiring an additional 85 shares in the last quarter. Brookstone Capital Management increased its holdings in shares of Airbnb by 4.0% in the 3rd quarter. Brookstone Capital Management now owns 2,350 shares of the company’s stock valued at $285,000 after acquiring an additional 91 shares during the last quarter. Finally, IFP Advisors Inc raised its position in shares of Airbnb by 4.3% during the 2nd quarter. IFP Advisors Inc now owns 2,398 shares of the company’s stock valued at $317,000 after acquiring an additional 99 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. BNP Paribas Exane began coverage on shares of Airbnb in a report on Monday, November 24th. They issued a “hold” rating for the company. Wedbush lifted their price target on shares of Airbnb from $130.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, December 19th. BTIG Research reiterated a “neutral” rating on shares of Airbnb in a research note on Friday, November 7th. UBS Group set a $130.00 target price on shares of Airbnb in a report on Tuesday, January 13th. Finally, DA Davidson reaffirmed a “buy” rating and set a $155.00 target price on shares of Airbnb in a report on Friday, December 5th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $147.84.

Insiders Place Their Bets

In other news, CEO Brian Chesky sold 51,230 shares of the firm’s stock in a transaction on Monday, December 15th. The stock was sold at an average price of $131.16, for a total transaction of $6,719,326.80. Following the transaction, 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 2,565 shares of Airbnb stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $134.79, for a total transaction of $345,736.35. Following the sale, the chief technology officer owned 165,086 shares in the company, valued at approximately $22,251,941.94. This represents a 1.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,144,872 shares of company stock worth $140,439,638 over the last 90 days. Insiders own 27.83% of the company’s stock.

Airbnb Stock Down 0.9%

Airbnb stock opened at $132.22 on Wednesday. The firm has a 50-day moving average price of $129.52 and a two-hundred day moving average price of $127.47. The firm has a market capitalization of $81.39 billion, a price-to-earnings ratio of 31.41, a PEG ratio of 2.07 and a beta of 1.09. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93.

Airbnb (NASDAQ:ABNB) last announced 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). The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. Airbnb had a net margin of 22.03% and a return on equity of 32.14%. Airbnb’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.13 EPS. Research analysts expect that Airbnb, Inc. will post 4.31 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.