K.J. Harrison & Partners Inc Acquires Shares of 10,819 Airbnb, Inc. $ABNB

K.J. Harrison & Partners Inc acquired a new stake in Airbnb, Inc. (NASDAQ:ABNBFree Report) during the fourth quarter, HoldingsChannel reports. The fund acquired 10,819 shares of the company’s stock, valued at approximately $1,468,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC grew its holdings in Airbnb by 97.0% in the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after buying an additional 96 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Airbnb in the 3rd quarter valued at $25,000. Aventura Private Wealth LLC acquired a new position in Airbnb in the 4th quarter valued at $29,000. Sunbelt Securities Inc. lifted its position in shares of Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares during the period. Finally, Wiser Advisor Group LLC bought a new stake in shares of Airbnb during the 3rd quarter valued at $27,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Up 0.1%

Shares of ABNB stock opened at $139.88 on Thursday. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $147.25. The company has a market cap of $85.15 billion, a P/E ratio of 34.62, a P/E/G ratio of 1.70 and a beta of 1.20. The business has a fifty day simple moving average of $133.12 and a 200 day simple moving average of $129.19.

Airbnb (NASDAQ:ABNBGet Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.10). Airbnb had a return on equity of 30.88% and a net margin of 20.51%.The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the prior year, the company earned $0.73 earnings per share. Airbnb’s quarterly revenue was up 12.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Airbnb, Inc. will post 4.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Elinor Mertz sold 3,750 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $143.00, for a total transaction of $536,250.00. Following the completion of the sale, the chief financial officer directly owned 463,415 shares in the company, valued at $66,268,345. This represents a 0.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph Gebbia sold 58,000 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $140.37, for a total value of $8,141,460.00. Following the sale, the director owned 54,015 shares of the company’s stock, valued at approximately $7,582,085.55. This represents a 51.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 457,075 shares of company stock worth $60,358,795 in the last ninety days. 27.21% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ABNB has been the subject of a number of recent analyst reports. Oppenheimer upgraded Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 target price for the company in a research report on Monday. Citigroup upgraded Airbnb from a “neutral” rating to an “outperform” rating in a research report on Wednesday, February 4th. Wedbush upgraded Airbnb from a “neutral” rating to a “neutral” rating in a research report on Monday. Argus upgraded Airbnb to a “strong-buy” rating in a research report on Tuesday, February 17th. Finally, Barclays upped their target price on Airbnb from $120.00 to $122.00 and gave the company an “equal weight” rating in a research report on Friday, February 13th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $153.00.

Read Our Latest Report on ABNB

Key Headlines Impacting Airbnb

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Airbnb Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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