SWS Partners Has $1.62 Million Stock Holdings in Airbnb, Inc. $ABNB

Key Points

• SWS Partners increased its holdings in Airbnb by 72.9%, owning 13,553 shares valued at approximately $1.62 million by the end of the last quarter.
• Airbnb's stock has a current market capitalization of $76.69 billion, with a P/E ratio of 29.88 and a 12-month trading range of $99.88 to $163.93.
• Insider trading activity showed Nathan Blecharczyk selling 2,246 shares and Director Joseph Gebbia selling 236,000 shares, indicating potential shifts in insider confidence.

SWS Partners lifted its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 72.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,553 shares of the company's stock after purchasing an additional 5,715 shares during the period. SWS Partners' holdings in Airbnb were worth $1,619,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Ensign Peak Advisors Inc boosted its holdings in shares of Airbnb by 28.3% during the 4th quarter. Ensign Peak Advisors Inc now owns 62,102 shares of the company's stock worth $8,161,000 after buying an additional 13,717 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of Airbnb by 4.0% during the 4th quarter. Janus Henderson Group PLC now owns 56,321 shares of the company's stock worth $7,402,000 after buying an additional 2,190 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Airbnb during the 4th quarter worth about $657,000. NorthRock Partners LLC bought a new stake in shares of Airbnb during the 4th quarter worth about $3,457,000. Finally, Nearwater Capital Markets Ltd bought a new stake in shares of Airbnb during the 4th quarter worth about $24,968,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Stock Down 0.3%

NASDAQ ABNB opened at $123.41 on Thursday. The company has a market capitalization of $76.69 billion, a P/E ratio of 29.88, a P/E/G ratio of 2.26 and a beta of 1.13. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The firm has a 50-day moving average price of $131.01 and a two-hundred day moving average price of $128.89.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.11. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The firm's quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.86 EPS. Equities analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Royal Bank Of Canada lifted their target price on shares of Airbnb from $140.00 to $145.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Phillip Securities raised shares of Airbnb from a "moderate sell" rating to a "hold" rating in a report on Friday, August 8th. Jefferies Financial Group reduced their target price on shares of Airbnb from $165.00 to $160.00 and set a "buy" rating for the company in a report on Monday, August 11th. Cantor Fitzgerald reaffirmed an "underweight" rating and set a $100.00 target price on shares of Airbnb in a report on Wednesday, May 14th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Airbnb in a report on Wednesday, May 14th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $142.66.

Insider Buying and Selling at Airbnb

In related news, insider Nathan Blecharczyk sold 2,246 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $125.20, for a total transaction of $281,199.20. Following the sale, the insider owned 182,514 shares in the company, valued at approximately $22,850,752.80. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $127.53, for a total transaction of $30,097,080.00. Following the sale, the director owned 1,412,015 shares in the company, valued at $180,074,272.95. This represents a 14.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,438,326 shares of company stock worth $188,798,155 in the last three months. Company insiders own 27.91% of the company's stock.

About Airbnb

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.

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