Airbnb (NASDAQ:ABNB) Shares Unloaded Rep. William R. Keating

Representative William R. Keating (D-Massachusetts) recently sold shares of Airbnb, Inc. (NASDAQ:ABNB). In a filing disclosed on January 15th, the Representative disclosed that they had sold between $1,001 and $15,000 in Airbnb stock on January 7th. The trade occurred in the Representative’s “BILL’S IRA” account.

Representative William R. Keating also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 1/7/2025.
• Purchased $1,001 – $15,000 in shares of Fiserv (NYSE:FI) on 1/7/2025.
• Purchased $1,001 – $15,000 in shares of Alphabet (NASDAQ:GOOGL) on 10/31/2024.
• Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 10/31/2024.
• Sold $1,001 – $15,000 in shares of Amentum (NYSE:AMTM) on 10/31/2024.
• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 10/31/2024.
• Purchased $1,001 – $15,000 in shares of QUALCOMM (NASDAQ:QCOM) on 10/31/2024.

Airbnb Trading Down 0.3 %

NASDAQ:ABNB opened at $132.16 on Friday. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a 50 day simple moving average of $134.45 and a two-hundred day simple moving average of $132.22. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a market cap of $83.79 billion, a PE ratio of 46.37, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter last year, the firm posted $2.39 EPS. Research analysts forecast that Airbnb, Inc. will post 3.99 earnings per share for the current year.

Insider Activity at Airbnb

In related news, CEO Brian Chesky sold 76,923 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $139.94, for a total value of $10,764,604.62. Following the completion of the sale, the chief executive officer now owns 12,616,300 shares in the company, valued at $1,765,525,022. The trade was a 0.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 9,603 shares of Airbnb stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the transaction, the insider now directly owns 164,850 shares in the company, valued at $21,466,767. This trade represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,130,982 shares of company stock valued at $150,523,585. 27.83% of the stock is owned by insiders.

Institutional Investors Weigh In On Airbnb

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ballentine Partners LLC acquired a new position in shares of Airbnb in the fourth quarter valued at approximately $221,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Airbnb by 36.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 886 shares of the company’s stock worth $116,000 after buying an additional 237 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Airbnb by 90.0% during the 4th quarter. UMB Bank n.a. now owns 935 shares of the company’s stock worth $123,000 after buying an additional 443 shares in the last quarter. Sarasin & Partners LLP bought a new position in shares of Airbnb in the 4th quarter worth $2,272,000. Finally, Diversify Wealth Management LLC lifted its holdings in shares of Airbnb by 52.2% in the 4th quarter. Diversify Wealth Management LLC now owns 31,682 shares of the company’s stock worth $4,107,000 after purchasing an additional 10,861 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the topic of several analyst reports. UBS Group upped their price target on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. TD Cowen upped their price target on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Truist Financial decreased their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Morgan Stanley raised their price target on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday. Finally, Piper Sandler increased their price objective on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Six analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $139.63.

About Representative Keating

Bill Keating (Democratic Party) is a member of the U.S. House, representing Massachusetts’ 9th Congressional District. He assumed office on January 3, 2013. His current term ends on January 3, 2025. Keating (Democratic Party) is running for re-election to the U.S. House to represent Massachusetts’ 9th Congressional District. He declared candidacy for the 2024 election. Keating was first elected to the House in 2010 for Massachusetts’ 10th Congressional District but due to redistricting, he won re-election in Massachusetts’ 9th Congressional District on November 6, 2012. Prior to being elected to the House, Keating was a member of the Massachusetts House of Representatives and a member of the Massachusetts State Senate. He also served as the Norfolk District Attorney. After earning his bachelor’s degree, Keating went into politics as a 23-year-old representative in the Massachusetts House of Representatives. He served in that chamber for seven years and went on to be elected to the Massachusetts Senate. Keating also earned his master’s degree and J.D., passing the Massachusetts bar. In the decade between serving in the state senate and being elected to the U.S. House, Keating worked as the Norfolk district attorney.

Airbnb Company 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.