Hussman Strategic Advisors Inc. Purchases New Shares in Airbnb, Inc. $ABNB

Hussman Strategic Advisors Inc. acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 21,000 shares of the company’s stock, valued at approximately $2,550,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. increased its position in Airbnb by 70.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after acquiring an additional 83 shares during the period. Concord Wealth Partners bought a new stake in Airbnb in the 2nd quarter valued at about $28,000. Whipplewood Advisors LLC grew its position in shares of Airbnb by 235.3% during the 2nd quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock worth $30,000 after purchasing an additional 160 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of Airbnb during the third quarter worth approximately $32,000. Finally, NewSquare Capital LLC increased its holdings in shares of Airbnb by 86.4% during the second quarter. NewSquare Capital LLC now owns 287 shares of the company’s stock worth $38,000 after purchasing an additional 133 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ABNB shares. Cantor Fitzgerald raised Airbnb from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $117.00 to $141.00 in a research report on Thursday, January 8th. B. Riley raised Airbnb from a “neutral” rating to a “buy” rating and increased their target price for the stock from $140.00 to $170.00 in a report on Monday, January 12th. Barclays set a $120.00 price target on Airbnb and gave the stock an “equal weight” rating in a research report on Friday, January 9th. Jefferies Financial Group upped their price objective on shares of Airbnb from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. Finally, BTIG Research reissued a “neutral” rating on shares of Airbnb in a report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average target price of $147.84.

Airbnb Stock Down 0.9%

NASDAQ:ABNB opened at $132.22 on Wednesday. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The stock’s 50-day simple moving average is $129.52 and its 200 day simple moving average is $127.47. The firm has a market capitalization of $81.39 billion, a PE ratio of 31.41, a price-to-earnings-growth ratio of 2.07 and a beta of 1.09.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the company posted $2.13 EPS. The firm’s revenue was up 9.9% compared to the same quarter last year. On average, analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Activity at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 141,063 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $121.96, for a total value of $17,204,043.48. Following the sale, the insider owned 11,520 shares in the company, valued at $1,404,979.20. This trade represents a 92.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Brian Chesky sold 51,230 shares of the company’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 owned 45,854 shares of the company’s stock, valued at $6,014,210.64. This trade represents a 52.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,144,872 shares of company stock valued at $140,439,638 in the last quarter. Insiders own 27.83% of the company’s stock.

Airbnb 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.