4,326 Shares in Airbnb, Inc. $ABNB Bought by Clear Street Group Inc.

Clear Street Group Inc. purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 4,326 shares of the company’s stock, valued at approximately $587,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Patton Fund Management Inc. grew its position in shares of Airbnb by 4.3% in the 4th quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock valued at $254,000 after buying an additional 77 shares during the last quarter. BOKF NA grew its position in shares of Airbnb by 11.0% in the 4th quarter. BOKF NA now owns 787 shares of the company’s stock valued at $107,000 after buying an additional 78 shares during the last quarter. Yoder Wealth Management Inc. grew its position in shares of Airbnb by 0.3% in the 4th quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock valued at $3,582,000 after buying an additional 84 shares during the last quarter. Private Advisor Group LLC grew its position in shares of Airbnb by 1.0% in the 3rd quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock valued at $1,007,000 after buying an additional 86 shares during the last quarter. Finally, Koshinski Asset Management Inc. grew its position in shares of Airbnb by 4.1% in the 3rd quarter. Koshinski Asset Management Inc. now owns 2,226 shares of the company’s stock valued at $270,000 after buying an additional 87 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Up 5.0%

Shares of NASDAQ:ABNB opened at $138.96 on Tuesday. The company has a market capitalization of $83.75 billion, a price-to-earnings ratio of 34.23, a P/E/G ratio of 1.42 and a beta of 1.16. 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 business’s 50-day moving average is $135.19 and its 200-day moving average is $131.51. Airbnb, Inc. has a 1 year low of $110.81 and a 1 year high of $147.25.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 earnings per share. Equities research analysts predict that Airbnb, Inc. will post 4.91 earnings per share for the current year.

Airbnb News Roundup

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb benefited from improving market sentiment after a peace deal announcement helped ease geopolitical concerns, supporting travel and online lodging stocks. Why Airbnb (ABNB) Stock Is Trading Up Today
• Neutral Sentiment: Truist lifted its price target on Airbnb to $134 from $129, but kept a hold rating, signaling limited near-term upside in the firm’s view. Benzinga report on Truist price target update
• Neutral Sentiment: Investor commentary around whether Airbnb can stay resilient amid the AI transition is keeping the stock in focus, but this is more of a long-term strategic debate than a direct near-term catalyst. Is Airbnb (ABNB) Resilient to AI Transition?

Analysts Set New Price Targets

ABNB has been the topic of a number of analyst reports. HSBC lowered Airbnb from a “hold” rating to a “hold” rating in a research report on Monday, May 4th. Benchmark upped their price target on Airbnb from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Scotiabank initiated coverage on Airbnb in a research report on Monday, May 4th. They issued an “outperform” rating on the stock. HC Wainwright upgraded Airbnb to a “buy” rating in a research report on Monday, May 4th. Finally, Raymond James Financial upgraded Airbnb from a “market perform” rating to a “strong-buy” rating in a research report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Airbnb presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.96.

Insider Activity

In other news, Director Joseph Gebbia sold 265,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $135.45, for a total value of $35,894,250.00. Following the transaction, the director directly owned 3,182,355 shares of the company’s stock, valued at $431,049,984.75. The trade was a 7.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Nathan Blecharczyk sold 60,136 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $145.70, for a total value of $8,761,815.20. Following the transaction, the insider directly owned 11,920 shares in the company, valued at approximately $1,736,744. This trade represents a 83.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,677,117 shares of company stock valued at $226,595,468 in the last ninety days. 27.21% of the stock is owned by company insiders.

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.