Focus Partners Advisor Solutions LLC Grows Position in Airbnb, Inc. $ABNB

Key Points

• Focus Partners Advisor Solutions LLC boosted its Airbnb stake by 106.3% in Q3 to 20,813 shares, now worth about $2.51 million, as institutional investors collectively own 80.76% of ABNB.
• Airbnb reported quarterly EPS of $0.56 (missing the $0.66 consensus) while revenue rose 12.9% year-over-year to $2.78 billion, slightly beating estimates, and the stock trades around $135.54 with a market cap of $82.5 billion.
• Significant insider selling occurred in December — Brian Chesky sold 51,230 shares and Joseph Gebbia sold 58,000, contributing to 681,643 insider shares sold (~$87.1M) over three months while insiders still own 27.91%; analysts' consensus rating is Hold with a $149.42 target.

Focus Partners Advisor Solutions LLC boosted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 106.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,813 shares of the company's stock after acquiring an additional 10,724 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Airbnb were worth $2,507,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Fort Washington Investment Advisors Inc. OH boosted its position in Airbnb by 3.5% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 962,551 shares of the company's stock valued at $116,873,000 after acquiring an additional 32,501 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Airbnb by 1.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,925,689 shares of the company's stock worth $387,186,000 after purchasing an additional 31,120 shares during the last quarter. Sumitomo Life Insurance Co. lifted its stake in shares of Airbnb by 15.0% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 66,071 shares of the company's stock worth $8,022,000 after purchasing an additional 8,636 shares during the last quarter. Cerity Partners LLC boosted its position in Airbnb by 18.1% during the third quarter. Cerity Partners LLC now owns 364,824 shares of the company's stock valued at $44,297,000 after purchasing an additional 55,838 shares in the last quarter. Finally, National Pension Service grew its stake in Airbnb by 1.1% in the third quarter. National Pension Service now owns 1,096,411 shares of the company's stock valued at $133,126,000 after purchasing an additional 12,453 shares during the last quarter. Institutional investors own 80.76% of the company's stock.

Airbnb Trading Up 1.9%

NASDAQ:ABNB opened at $135.54 on Thursday. The company has a market capitalization of $82.50 billion, a P/E ratio of 33.55, a PEG ratio of 1.50 and a beta of 1.12. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $143.88. The firm has a fifty day simple moving average of $130.64 and a 200-day simple moving average of $126.44.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its earnings results on Thursday, February 12th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.10). Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the company earned $0.73 earnings per share. Airbnb's revenue was up 12.9% on a year-over-year basis. Equities analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Activity

In other news, CEO Brian Chesky sold 51,230 shares of the firm's stock in a transaction dated 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 in the company, valued at $6,014,210.64. This trade represents a 52.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Joseph Gebbia sold 58,000 shares of Airbnb stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $130.56, for a total value of $7,572,480.00. Following the sale, the director directly owned 634,015 shares of the company's stock, valued at $82,776,998.40. This trade represents a 8.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 681,643 shares of company stock valued at $87,136,680. Company insiders own 27.91% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on ABNB. BNP Paribas Exane began coverage on shares of Airbnb in a report on Monday, November 24th. They issued a "hold" rating for the company. Barclays lifted their price objective on shares of Airbnb from $120.00 to $122.00 and gave the stock an "equal weight" rating in a research report on Friday, February 13th. BTIG Research reiterated a "neutral" rating on shares of Airbnb in a research note on Friday, November 7th. Jefferies Financial Group increased their target price on shares of Airbnb from $160.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, December 5th. Finally, UBS Group lifted their price target on shares of Airbnb from $147.00 to $149.00 and gave the stock a "neutral" rating in a report on Tuesday, February 3rd. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $149.42.

About Airbnb

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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