Wick Capital Partners LLC Purchases Shares of 3,962 Airbnb, Inc. $ABNB

Wick Capital Partners LLC acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 3,962 shares of the company’s stock, valued at approximately $538,000.

Other large investors also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new position in shares of Airbnb in the 3rd quarter valued at $25,000. ORG Partners LLC lifted its holdings in shares of Airbnb by 97.0% during the 4th 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. Transamerica Financial Advisors LLC boosted its position in Airbnb by 143.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after purchasing an additional 112 shares during the period. Entrust Financial LLC purchased a new stake in Airbnb during the 4th quarter worth $27,000. Finally, Sunbelt Securities Inc. increased its holdings in Airbnb by 397.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Activity at Airbnb

In related news, CEO Brian Chesky sold 265,746 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $132.22, for a total value of $35,136,936.12. Following the completion of the transaction, the chief executive officer owned 11,206,389 shares of the company’s stock, valued at approximately $1,481,708,753.58. This represents a 2.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Joseph Gebbia sold 265,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $135.45, for a total value of $35,894,250.00. Following the sale, the director owned 3,182,355 shares of the company’s stock, valued at approximately $431,049,984.75. This trade represents a 7.69% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,972,860 shares of company stock valued at $267,555,449. Insiders own 27.21% of the company’s stock.

Airbnb Stock Performance

Shares of ABNB stock opened at $142.41 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44. The company’s fifty day moving average price is $136.36 and its two-hundred day moving average price is $132.10. The firm has a market capitalization of $85.83 billion, a P/E ratio of 35.08, a P/E/G ratio of 1.53 and a beta of 1.16. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $147.25.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share 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 for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. The firm’s revenue was up 17.9% on a year-over-year basis. On average, research analysts anticipate that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on ABNB shares. HSBC lowered Airbnb from a “hold” rating to a “hold” rating in a research report on Monday, May 4th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Airbnb in a research note on Friday, May 22nd. Susquehanna raised their target price on Airbnb from $150.00 to $170.00 and gave the company a “positive” rating in a report on Friday, May 8th. Truist Financial boosted their price target on Airbnb from $129.00 to $134.00 and gave the stock a “hold” rating in a research report on Friday, June 12th. Finally, Robert W. Baird set a $150.00 price target on Airbnb in a research report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.96.

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.