Scott & Selber Inc. Has $2.81 Million Stock Position in Airbnb, Inc. $ABNB

Scott & Selber Inc. lifted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 25.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,263 shares of the company’s stock after purchasing an additional 4,451 shares during the period. Scott & Selber Inc.’s holdings in Airbnb were worth $2,811,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ABNB. Harris Associates L P lifted its stake in Airbnb by 21.0% in the fourth quarter. Harris Associates L P now owns 18,694,408 shares of the company’s stock valued at $2,537,205,000 after buying an additional 3,240,477 shares during the period. Geode Capital Management LLC grew its position in shares of Airbnb by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 10,076,465 shares of the company’s stock worth $1,368,338,000 after buying an additional 47,966 shares during the period. AQR Capital Management LLC increased its stake in shares of Airbnb by 58.4% in the 4th quarter. AQR Capital Management LLC now owns 6,762,784 shares of the company’s stock valued at $917,845,000 after acquiring an additional 2,492,847 shares during the last quarter. Clearbridge Investments LLC increased its stake in shares of Airbnb by 3.7% in the 4th quarter. Clearbridge Investments LLC now owns 6,073,947 shares of the company’s stock valued at $824,356,000 after acquiring an additional 216,455 shares during the last quarter. Finally, Independent Franchise Partners LLP raised its position in shares of Airbnb by 23.6% in the 4th quarter. Independent Franchise Partners LLP now owns 5,146,272 shares of the company’s stock valued at $698,452,000 after acquiring an additional 981,624 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 265,000 shares of the company’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 completion of the transaction, the director owned 3,182,355 shares in the company, valued at $431,049,984.75. This represents a 7.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Chesky sold 265,746 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $132.22, for a total transaction of $35,136,936.12. Following the sale, the chief executive officer directly owned 11,206,389 shares of the company’s stock, valued at $1,481,708,753.58. This represents a 2.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,914,860 shares of company stock valued at $259,869,869. 27.21% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ABNB has been the topic of several recent analyst reports. DA Davidson lifted their price objective on shares of Airbnb from $150.00 to $162.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. B. Riley Financial reaffirmed a “buy” rating on shares of Airbnb in a research note on Friday, May 8th. Scotiabank began coverage on shares of Airbnb in a report on Monday, May 4th. They issued an “outperform” rating on the stock. Citizens Jmp lifted their price target on shares of Airbnb from $160.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Friday, May 8th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Airbnb in a report on Friday, May 22nd. 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, Airbnb has a consensus rating of “Moderate Buy” and a consensus target price of $157.96.

Airbnb Stock Performance

NASDAQ ABNB opened at $142.41 on Monday. Airbnb, Inc. has a one year low of $110.81 and a one year high of $147.25. 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 firm has a market cap 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. The stock’s 50-day moving average is $136.36 and its 200-day moving average is $132.19.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data 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 analyst estimates of $2.62 billion. During the same quarter in the prior year, the firm posted $0.24 earnings per share. Airbnb’s revenue for the quarter was up 17.9% compared to the same quarter last year. Sell-side analysts anticipate that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

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.