Clear Street Group Inc. Acquires Shares of 4,326 Airbnb, Inc. $ABNB

Clear Street Group Inc. acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 4,326 shares of the company’s stock, valued at approximately $587,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Patton Fund Management Inc. raised its holdings in Airbnb by 4.3% in the 4th quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock valued at $254,000 after acquiring an additional 77 shares in the last quarter. BOKF NA raised its holdings in Airbnb by 11.0% in the 4th quarter. BOKF NA now owns 787 shares of the company’s stock valued at $107,000 after acquiring an additional 78 shares in the last quarter. Yoder Wealth Management Inc. raised its holdings in Airbnb by 0.3% in the 4th quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock valued at $3,582,000 after acquiring an additional 84 shares in the last quarter. Private Advisor Group LLC raised its holdings in Airbnb by 1.0% in the 3rd quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock valued at $1,007,000 after acquiring an additional 86 shares in the last quarter. Finally, Koshinski Asset Management Inc. raised its holdings in Airbnb by 4.1% in the 3rd quarter. Koshinski Asset Management Inc. now owns 2,226 shares of the company’s stock valued at $270,000 after acquiring an additional 87 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ABNB has been the subject of several analyst reports. CICC Research initiated coverage on Airbnb in a report on Friday, June 5th. They issued an “outperform” rating and a $165.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on Airbnb from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Argus upgraded Airbnb to a “strong-buy” rating in a research note on Tuesday, February 17th. Benchmark lifted their price target on Airbnb from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Oppenheimer upgraded Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 price target on the stock in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $157.96.

Insider Buying and Selling

In related news, CEO Brian Chesky sold 4,195 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $135.71, for a total transaction of $569,303.45. Following the sale, the chief executive officer owned 10,732,428 shares in the company, valued at $1,456,497,803.88. The trade was a 0.04% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Elinor Mertz sold 7,433 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $136.24, for a total value of $1,012,671.92. Following the sale, the chief financial officer owned 449,040 shares in the company, valued at $61,177,209.60. This represents a 1.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,677,117 shares of company stock worth $226,595,468 in the last 90 days. Insiders own 27.21% of the company’s stock.

Airbnb Trading Up 5.0%

Shares of ABNB opened at $138.96 on Tuesday. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $147.25. The business’s fifty day moving average is $135.19 and its 200-day moving average is $131.51. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market cap of $83.75 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 1.42 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the business posted $0.24 EPS. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. Equities analysts anticipate that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb benefited from improving market sentiment after a peace deal announcement helped ease geopolitical concerns, supporting travel and online lodging stocks. Why Airbnb (ABNB) Stock Is Trading Up Today
• Neutral Sentiment: Truist lifted its price target on Airbnb to $134 from $129, but kept a hold rating, signaling limited near-term upside in the firm’s view. Benzinga report on Truist price target update
• Neutral Sentiment: Investor commentary around whether Airbnb can stay resilient amid the AI transition is keeping the stock in focus, but this is more of a long-term strategic debate than a direct near-term catalyst. Is Airbnb (ABNB) Resilient to AI Transition?

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.