Brown Advisory Inc. Has $13.88 Million Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Posted by Defense World Staff on Jun 11th, 2023

Brown Advisory Inc. lessened its holdings in Airbnb, Inc. (NASDAQ:ABNB – Get Rating) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 162,321 shares of the company’s stock after selling 2,941 shares during the period. Brown Advisory Inc.’s holdings in Airbnb were worth $13,878,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. SRS Investment Management LLC lifted its stake in Airbnb by 1,836.5% in the fourth quarter. SRS Investment Management LLC now owns 268,570 shares of the company’s stock valued at $22,963,000 after buying an additional 254,701 shares during the period. Oversea Chinese Banking CORP Ltd bought a new position in shares of Airbnb during the 4th quarter worth $2,236,000. Northeast Financial Consultants Inc grew its stake in shares of Airbnb by 11.4% during the 4th quarter. Northeast Financial Consultants Inc now owns 3,180 shares of the company’s stock worth $272,000 after acquiring an additional 325 shares during the period. Oxler Private Wealth LLC purchased a new stake in Airbnb during the 4th quarter worth about $532,000. Finally, Core Wealth Partners LLC purchased a new stake in Airbnb during the 4th quarter worth about $284,000. Institutional investors own 39.02% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Wolfe Research reissued a “peer perform” rating on shares of Airbnb in a report on Wednesday, February 15th. KeyCorp reduced their target price on Airbnb from $144.00 to $135.00 and set an “overweight” rating on the stock in a research note on Monday, May 15th. Wells Fargo & Company started coverage on Airbnb in a research note on Wednesday. They issued an “underweight” rating and a $99.00 price target on the stock. Cowen boosted their target price on Airbnb from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, February 15th. Finally, Loop Capital boosted their target price on Airbnb from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, February 16th. Four investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, Airbnb currently has an average rating of “Hold” and an average price target of $133.03.

Airbnb Stock Up 2.0 %

Shares of NASDAQ ABNB opened at $117.86 on Friday. Airbnb, Inc. has a 52-week low of $81.91 and a 52-week high of $144.63. The firm has a fifty day moving average of $113.97 and a 200-day moving average of $109.58. The stock has a market capitalization of $75.37 billion, a PE ratio of 39.16, a P/E/G ratio of 1.62 and a beta of 1.13. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.38.

Airbnb (NASDAQ:ABNB – Get Rating) last posted its earnings results on Tuesday, May 9th. The company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.08. The business had revenue of $1.82 billion for the quarter, compared to analyst estimates of $1.79 billion. Airbnb had a net margin of 23.30% and a return on equity of 37.51%. The business’s quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.03) EPS. On average, analysts anticipate that Airbnb, Inc. will post 3.45 EPS for the current year.

Insider Transactions at Airbnb

In related news, Director Joseph Gebbia sold 350,000 shares of the stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $117.22, for a total transaction of $41,027,000.00. Following the sale, the director now owns 6,483,435 shares in the company, valued at $759,988,250.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Airbnb news, Director Joseph Gebbia sold 350,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $117.22, for a total value of $41,027,000.00. Following the sale, the director now owns 6,483,435 shares in the company, valued at $759,988,250.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Belinda J. Johnson sold 2,000 shares of the stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $120.00, for a total transaction of $240,000.00. Following the sale, the director now owns 5,920 shares in the company, valued at $710,400. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,146,972 shares of company stock valued at $248,941,141. Insiders own 30.84% of the company’s stock.

Airbnb Company Profile

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