Allen Investment Management LLC Has $4.15 Million Stock Holdings in Airbnb, Inc. $ABNB

Key Points

• Allen Investment Management cut its Airbnb stake by 32% in the fourth quarter, selling 14,354 shares and leaving it with 30,538 shares valued at about $4.15 million.
• Airbnb’s latest quarter showed revenue growth of 17.9% year over year to $2.68 billion, but EPS of $0.26 missed Wall Street’s $0.31 estimate.
• Analysts remain generally positive on ABNB, with a Moderate Buy consensus and an average price target of $157.67, while insiders have also been selling shares recently.

Allen Investment Management LLC decreased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 32.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,538 shares of the company's stock after selling 14,354 shares during the period. Allen Investment Management LLC's holdings in Airbnb were worth $4,145,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. ORG Partners LLC grew its stake in Airbnb by 97.0% during the fourth quarter. ORG Partners LLC now owns 195 shares of the company's stock worth $26,000 after buying an additional 96 shares during the last quarter. Entrust Financial LLC acquired a new position in Airbnb in the fourth quarter worth $27,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Airbnb during the third quarter worth $25,000. Aventura Private Wealth LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at $29,000. Finally, Sunbelt Securities Inc. increased its stake in shares of Airbnb by 397.7% in the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company's stock valued at $27,000 after buying an additional 175 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Price Performance

ABNB opened at $137.87 on Tuesday. The stock has a market cap of $83.10 billion, a P/E ratio of 33.96, a P/E/G ratio of 1.43 and a beta of 1.16. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $147.25. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The company has a fifty day simple moving average of $134.07 and a 200 day simple moving average of $130.37.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.Airbnb's revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 earnings per share. On average, research analysts expect that Airbnb, Inc. will post 4.91 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on ABNB shares. Truist Financial raised shares of Airbnb from a "sell" rating to a "hold" rating and boosted their target price for the stock from $107.00 to $129.00 in a research note on Thursday, March 26th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $170.00 price target on shares of Airbnb in a report on Friday, May 8th. Evercore restated an "outperform" rating on shares of Airbnb in a research report on Friday, May 8th. Rodman & Renshaw assumed coverage on Airbnb in a report on Monday, May 4th. They set a "buy" rating on the stock. Finally, Tigress Financial decreased their price objective on Airbnb from $200.00 to $185.00 and set a "buy" rating on the stock in a research report on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $157.67.

Insider Activity

In other Airbnb news, CFO Elinor Mertz sold 3,750 shares of the company's stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $143.00, for a total value of $536,250.00. Following the sale, the chief financial officer owned 463,415 shares in the company, valued at $66,268,345. This represents a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph Gebbia sold 2,860 shares of Airbnb stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $133.44, for a total transaction of $381,638.40. Following the sale, the director directly owned 3,447,355 shares of the company's stock, valued at $460,015,051.20. The trade was a 0.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 968,723 shares of company stock valued at $130,478,651. 27.21% of the stock is owned by insiders.

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.

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