Airbnb, Inc. $ABNB Shares Bought by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd raised its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 19.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,999 shares of the company’s stock after buying an additional 6,443 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Airbnb were worth $4,857,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ABNB. Caxton Associates LLP purchased a new stake in Airbnb during the 1st quarter valued at about $258,000. Intech Investment Management LLC boosted its holdings in shares of Airbnb by 55.8% during the 1st quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock worth $1,453,000 after purchasing an additional 4,353 shares during the last quarter. Sivia Capital Partners LLC grew its position in shares of Airbnb by 18.8% in the second quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock valued at $776,000 after purchasing an additional 927 shares in the last quarter. Perigon Wealth Management LLC grew its position in shares of Airbnb by 164.7% in the second quarter. Perigon Wealth Management LLC now owns 7,989 shares of the company’s stock valued at $1,057,000 after purchasing an additional 4,971 shares in the last quarter. Finally, CX Institutional increased its holdings in shares of Airbnb by 21.8% in the second quarter. CX Institutional now owns 2,048 shares of the company’s stock valued at $271,000 after purchasing an additional 367 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Airbnb

In related news, CEO Brian Chesky sold 51,230 shares of Airbnb stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $131.16, for a total value of $6,719,326.80. Following the completion of the sale, the chief executive officer owned 45,854 shares in the company, valued at approximately $6,014,210.64. This trade represents a 52.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nathan Blecharczyk sold 141,063 shares of the business’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 completion of the sale, the insider directly owned 11,520 shares in the company, valued at approximately $1,404,979.20. The trade was a 92.45% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,152,372 shares of company stock worth $141,414,638. 27.83% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Barclays set a $120.00 price objective on Airbnb and gave the stock an “equal weight” rating in a research note on Friday, January 9th. KeyCorp initiated coverage on shares of Airbnb in a research report on Thursday, October 23rd. They set a “sector weight” rating on the stock. BNP Paribas Exane started coverage on shares of Airbnb in a research report on Monday, November 24th. They set a “hold” rating on the stock. DA Davidson reissued a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a report on Friday, December 5th. Finally, UBS Group set a $130.00 target price on shares of Airbnb in a research note on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $147.84.

Airbnb Trading Down 1.2%

Shares of NASDAQ:ABNB opened at $132.15 on Monday. The company has a market capitalization of $81.34 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 2.05 and a beta of 1.09. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The business has a 50-day moving average price of $128.86 and a 200 day moving average price of $127.52.

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). The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the previous year, the company earned $2.13 EPS. As a group, equities research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

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.