Lbp Am Sa Has $9.94 Million Holdings in Airbnb, Inc. $ABNB

Lbp Am Sa reduced its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 19.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,889 shares of the company’s stock after selling 20,269 shares during the period. Lbp Am Sa’s holdings in Airbnb were worth $9,943,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Airbnb by 70.9% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after acquiring an additional 83 shares in the last quarter. Concord Wealth Partners bought a new position in shares of Airbnb in the second quarter valued at approximately $28,000. Whipplewood Advisors LLC lifted its stake in shares of Airbnb by 235.3% in the second quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock worth $30,000 after buying an additional 160 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Airbnb during the 3rd quarter worth $32,000. Finally, NewSquare Capital LLC grew its stake in Airbnb by 86.4% in the 2nd quarter. NewSquare Capital LLC now owns 287 shares of the company’s stock valued at $38,000 after buying an additional 133 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

ABNB has been the subject of a number of research analyst reports. B. Riley raised shares of Airbnb from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $140.00 to $170.00 in a research report on Monday, January 12th. Morgan Stanley increased their target price on Airbnb from $120.00 to $130.00 and gave the company an “underweight” rating in a research note on Tuesday, January 13th. Cantor Fitzgerald raised Airbnb from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $117.00 to $141.00 in a research report on Thursday, January 8th. BNP Paribas Exane initiated coverage on Airbnb in a research report on Monday, November 24th. They issued a “hold” rating for the company. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Airbnb in a research report on Friday, November 7th. Two 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, Airbnb has an average rating of “Hold” and a consensus target price of $147.84.

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 2,565 shares of the company’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $134.79, for a total value of $345,736.35. Following the sale, the chief technology officer directly owned 165,086 shares in the company, valued at approximately $22,251,941.94. This represents a 1.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brian Chesky sold 51,230 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $131.16, for a total value of $6,719,326.80. Following the completion of the transaction, the chief executive officer directly owned 45,854 shares of the company’s stock, valued at approximately $6,014,210.64. The trade was a 52.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 1,144,872 shares of company stock worth $140,439,638. Insiders own 27.83% of the company’s stock.

Airbnb Trading Up 0.9%

Shares of NASDAQ:ABNB opened at $133.39 on Tuesday. The firm has a market capitalization of $82.11 billion, a PE ratio of 31.68, a PEG ratio of 2.05 and a beta of 1.09. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93. The business’s 50 day moving average is $129.18 and its 200-day moving average is $127.50.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The firm 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 business earned $2.13 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, sell-side analysts predict that Airbnb, Inc. will post 4.31 EPS for the current 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.