Airbnb, Inc. $ABNB Shares Sold by AXQ Capital LP

AXQ Capital LP decreased its holdings in Airbnb, Inc. (NASDAQ:ABNBFree Report) by 44.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 5,945 shares of the company’s stock after selling 4,723 shares during the quarter. AXQ Capital LP’s holdings in Airbnb were worth $722,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Whipplewood Advisors LLC lifted its holdings in Airbnb by 235.3% during the 2nd quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock worth $30,000 after buying an additional 160 shares in the last quarter. Root Financial Partners LLC purchased a new stake in shares of Airbnb during the third quarter worth $32,000. NewSquare Capital LLC raised its stake in shares of Airbnb by 86.4% in the second quarter. NewSquare Capital LLC now owns 287 shares of the company’s stock valued at $38,000 after acquiring an additional 133 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Airbnb by 55.5% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 311 shares of the company’s stock valued at $38,000 after purchasing an additional 111 shares during the period. Finally, Golden State Wealth Management LLC boosted its holdings in Airbnb by 85.9% in the second quarter. Golden State Wealth Management LLC now owns 370 shares of the company’s stock valued at $49,000 after purchasing an additional 171 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Airbnb

In other news, CFO Elinor Mertz sold 3,750 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $130.00, for a total value of $487,500.00. Following the completion of the sale, the chief financial officer directly owned 410,530 shares of the company’s stock, valued at approximately $53,368,900. This represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph Gebbia sold 58,000 shares of Airbnb stock in a transaction on Monday, February 9th. The shares were sold at an average price of $121.15, for a total transaction of $7,026,700.00. Following the completion of the transaction, the director directly owned 402,015 shares in the company, valued at $48,704,117.25. The trade was a 12.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 795,422 shares of company stock worth $100,561,168 in the last three months. Corporate insiders own 27.83% of the company’s stock.

Analyst Upgrades and Downgrades

ABNB has been the topic of several recent research reports. Wedbush restated a “neutral” rating and set a $130.00 price target on shares of Airbnb in a report on Friday, February 13th. BNP Paribas Exane started coverage on shares of Airbnb in a report on Monday, November 24th. They issued a “hold” rating on the stock. Argus upgraded shares of Airbnb to a “strong-buy” rating in a research note on Tuesday, February 17th. Jefferies Financial Group increased their price objective on shares of Airbnb from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Finally, Truist Financial raised their price objective on shares of Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a report on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Airbnb has an average rating of “Hold” and a consensus target price of $148.69.

View Our Latest Report on Airbnb

More Airbnb News

Here are the key news stories impacting Airbnb this week:

Airbnb Price Performance

Shares of ABNB opened at $122.96 on Tuesday. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $147.07. The stock has a market cap of $74.85 billion, a PE ratio of 30.44, a price-to-earnings-growth ratio of 1.73 and a beta of 1.15. The firm has a fifty day moving average price of $130.91 and a 200 day moving average price of $125.94.

Airbnb (NASDAQ:ABNBGet Free Report) last posted its earnings results on Thursday, February 12th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). The firm had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.71 billion. Airbnb had a return on equity of 30.88% and a net margin of 20.51%.The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 EPS. As a group, equities analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Airbnb Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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