Rep. William R. Keating Sells Airbnb, Inc. (NASDAQ:ABNB) Shares

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 Price Performance

Airbnb stock opened at $132.16 on Friday. The company’s 50 day moving average is $134.15 and its two-hundred day moving average is $132.22. The firm 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. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the business posted $2.39 earnings per share. On average, research analysts expect that Airbnb, Inc. will post 3.99 EPS for the current fiscal year.

Institutional Investors Weigh In On Airbnb

Hedge funds have recently modified their holdings of the stock. Northwest Investment Counselors LLC purchased a new position in Airbnb during the 3rd quarter worth $25,000. Hollencrest Capital Management raised its holdings in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Airbnb in the third quarter valued at about $30,000. Quarry LP purchased a new stake in Airbnb in the 3rd quarter valued at approximately $55,000. Finally, CVA Family Office LLC boosted its holdings in Airbnb by 131.2% in the 3rd quarter. CVA Family Office LLC now owns 474 shares of the company’s stock valued at $60,000 after purchasing an additional 269 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Airbnb news, CEO Brian Chesky sold 76,923 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the sale, the chief executive officer now directly owns 12,616,300 shares in the company, valued at approximately $1,765,525,022. The trade was a 0.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $136.11, for a total transaction of $81,666.00. Following the completion of the transaction, the chief technology officer now owns 192,844 shares of the company’s stock, valued at $26,247,996.84. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,130,982 shares of company stock worth $150,523,585. Company insiders own 27.83% of the company’s stock.

Analyst Upgrades and Downgrades

ABNB has been the subject of a number of analyst reports. Morgan Stanley boosted their price objective on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research report on Monday. Wedbush boosted their price target on shares of Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Susquehanna increased their price objective on shares of Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a research report on Monday, November 11th. Phillip Securities reaffirmed a “reduce” rating and set a $120.00 price objective on shares of Airbnb in a research report on Tuesday, November 12th. Finally, Benchmark reissued a “buy” rating and issued a $155.00 target price on shares of Airbnb in a report on Friday, November 8th. Six research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Airbnb currently 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.