Chicago Partners Investment Group LLC Increases Stake in Airbnb, Inc. $ABNB

Chicago Partners Investment Group LLC boosted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 27.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,043 shares of the company’s stock after buying an additional 6,639 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Airbnb were worth $3,920,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ABNB. Transamerica Financial Advisors LLC grew its stake in shares of Airbnb by 143.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after acquiring an additional 112 shares in the last quarter. ORG Partners LLC raised its stake in shares of Airbnb by 97.0% in the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after acquiring an additional 96 shares in the last quarter. Entrust Financial LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at $27,000. Aventura Private Wealth LLC purchased a new position in Airbnb in the fourth quarter valued at $29,000. Finally, Sunbelt Securities Inc. boosted its holdings in Airbnb by 397.7% in the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

ABNB has been the subject of several recent research reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of Airbnb in a research note on Friday, May 22nd. Tigress Financial lowered their price objective on Airbnb from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Rodman & Renshaw started coverage on shares of Airbnb in a research note on Monday, May 4th. They set a “buy” rating on the stock. Barclays raised their target price on shares of Airbnb from $122.00 to $125.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Finally, Susquehanna lifted their price target on shares of Airbnb from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Airbnb presently has an average rating of “Moderate Buy” and a consensus target price of $158.36.

Insider Buying and Selling at Airbnb

In other news, insider Nathan Blecharczyk sold 88,366 shares of the firm’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $145.81, for a total value of $12,884,646.46. Following the completion of the sale, the insider owned 12,370 shares in the company, valued at approximately $1,803,669.70. This trade represents a 87.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 265,746 shares of Airbnb stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $132.22, for a total transaction of $35,136,936.12. Following the completion of the sale, the chief executive officer directly owned 11,206,389 shares in the company, valued at approximately $1,481,708,753.58. The trade was a 2.32% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 2,325,429 shares of company stock valued at $321,925,435. 27.21% of the stock is owned by company insiders.

Airbnb Price Performance

Shares of ABNB opened at $146.33 on Tuesday. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $150.19. The company has a market capitalization of $88.19 billion, a price-to-earnings ratio of 36.04, a price-to-earnings-growth ratio of 1.59 and a beta of 1.14. The firm has a 50-day simple moving average of $138.59 and a 200-day simple moving average of $134.10. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.26 EPS 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 company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter last year, the company earned $0.24 EPS. Airbnb’s revenue for the quarter was up 17.9% compared to the same quarter last year. On average, equities research analysts anticipate that Airbnb, Inc. will post 4.91 earnings per share for the current year.

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.