Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by HS Management Partners LLC

HS Management Partners LLC trimmed its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 9.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 306,710 shares of the company's stock after selling 31,815 shares during the quarter. Airbnb makes up 3.0% of HS Management Partners LLC's portfolio, making the stock its 21st biggest position. HS Management Partners LLC's holdings in Airbnb were worth $36,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Park Square Financial Group LLC acquired a new position in Airbnb during the 4th quarter valued at about $26,000. Orion Capital Management LLC acquired a new stake in Airbnb in the fourth quarter valued at approximately $28,000. Stonebridge Financial Group LLC lifted its stake in Airbnb by 75.7% in the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock valued at $29,000 after acquiring an additional 106 shares during the last quarter. Bartlett & CO. Wealth Management LLC raised its position in shares of Airbnb by 209.6% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock valued at $31,000 after purchasing an additional 174 shares during the period. Finally, Graney & King LLC bought a new position in Airbnb during the fourth quarter worth $32,000. 80.76% of the stock is currently owned by institutional investors.

Insider Activity at Airbnb

In related news, CEO Brian Chesky sold 8,000 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $128.33, for a total transaction of $1,026,640.00. Following the completion of the transaction, the chief executive officer directly owned 40,800 shares of the company's stock, valued at approximately $5,235,864. This represents a 16.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $123.43, for a total value of $771,437.50. Following the transaction, the chief financial officer directly owned 485,080 shares of the company's stock, valued at approximately $59,873,424.40. The trade was a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,629,043 shares of company stock worth $210,678,753. Corporate insiders own 27.91% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on ABNB. BNP Paribas upgraded shares of Airbnb to a "hold" rating in a research note on Wednesday. Phillip Securities downgraded shares of Airbnb from a "hold" rating to a "moderate sell" rating in a research report on Friday, May 9th. Susquehanna reduced their price target on shares of Airbnb from $200.00 to $150.00 and set a "positive" rating on the stock in a research report on Monday, May 5th. Truist Financial reiterated a "sell" rating and set a $106.00 price target (down previously from $112.00) on shares of Airbnb in a research report on Friday, May 30th. Finally, Cantor Fitzgerald reiterated an "underweight" rating and set a $100.00 price target on shares of Airbnb in a research report on Wednesday, May 14th. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $141.50.

Airbnb Trading Up 0.0%

NASDAQ ABNB traded up $0.04 on Friday, hitting $139.34. The company's stock had a trading volume of 2,981,869 shares, compared to its average volume of 5,039,366. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The company's 50-day simple moving average is $134.35 and its 200 day simple moving average is $130.79. The firm has a market cap of $87.28 billion, a P/E ratio of 35.19, a PEG ratio of 2.61 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. Airbnb had a net margin of 22.60% and a return on equity of 30.91%. The firm's quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $0.41 EPS. On average, research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Airbnb Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.