Oxbow Advisors LLC Takes $2.75 Million Position in Airbnb, Inc. $ABNB

Oxbow Advisors LLC acquired a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 22,621 shares of the company’s stock, valued at approximately $2,747,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ABNB. DDD Partners LLC raised its position in Airbnb by 3.9% during the 2nd quarter. DDD Partners LLC now owns 2,041 shares of the company’s stock valued at $270,000 after purchasing an additional 76 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Airbnb by 70.9% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after purchasing an additional 83 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Airbnb by 0.8% during the second quarter. SBI Securities Co. Ltd. now owns 10,552 shares of the company’s stock valued at $1,396,000 after purchasing an additional 85 shares in the last quarter. Brookstone Capital Management increased its holdings in Airbnb by 4.0% during the third quarter. Brookstone Capital Management now owns 2,350 shares of the company’s stock valued at $285,000 after buying an additional 91 shares during the period. Finally, IFP Advisors Inc raised its position in shares of Airbnb by 4.3% in the 2nd quarter. IFP Advisors Inc now owns 2,398 shares of the company’s stock worth $317,000 after acquiring an additional 99 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 3,750 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $135.94, for a total value of $509,775.00. Following the transaction, the chief financial officer owned 414,280 shares in the company, valued at approximately $56,317,223.20. This trade represents a 0.90% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joseph Gebbia sold 58,000 shares of the company’s stock in a transaction on Monday, January 12th. The stock was sold at an average price of $138.45, for a total transaction of $8,030,100.00. Following the sale, the director directly owned 518,015 shares of the company’s stock, valued at $71,719,176.75. The trade was a 10.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,388,372 shares of company stock valued at $171,733,558 over the last ninety days. Company insiders own 27.91% of the company’s stock.

Airbnb Trading Down 1.2%

ABNB traded down $1.65 during midday trading on Friday, hitting $132.15. 4,302,429 shares of the company traded hands, compared to its average volume of 3,491,169. The company has a market capitalization of $81.34 billion, a price-to-earnings ratio of 31.39, a PEG ratio of 2.07 and a beta of 1.09. The business has a 50 day simple moving average of $128.86 and a two-hundred day simple moving average of $127.65. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the firm posted $2.13 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. Equities research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on ABNB. Morgan Stanley boosted their price objective on shares of Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 13th. Barclays set a $120.00 price objective on shares of Airbnb and gave the company an “equal weight” rating in a report on Friday, January 9th. Sanford C. Bernstein dropped their target price on shares of Airbnb from $165.00 to $162.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 6th. BNP Paribas Exane assumed coverage on Airbnb in a research report on Monday, November 24th. They issued a “hold” rating on the stock. Finally, Wedbush boosted their price target on Airbnb from $130.00 to $135.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $147.84.

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.