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

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 Stock Performance

Shares of NASDAQ:ABNB traded up $2.96 during trading on Friday, hitting $135.12. 3,740,209 shares of the stock traded hands, compared to its average volume of 3,539,122. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a market cap of $85.66 billion, a price-to-earnings ratio of 47.41, a P/E/G ratio of 1.63 and a beta of 1.13. The company has a fifty day moving average price of $134.16 and a two-hundred day moving average price of $132.11. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate 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 period last year, the firm earned $2.39 earnings per share. As a group, equities analysts predict that Airbnb, Inc. will post 3.99 EPS for the current year.

Wall Street Analyst Weigh In

ABNB has been the subject of several recent analyst reports. Truist Financial cut their price target on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a report on Wednesday, December 4th. Wells Fargo & Company cut their price target on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a report on Thursday. Raymond James initiated coverage on shares of Airbnb in a report on Friday, September 27th. They issued a “market perform” rating and a $134.00 price target for the company. Evercore ISI boosted their price target on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, JMP Securities reissued a “market perform” rating on shares of Airbnb in a report on Monday, December 16th. Six equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $139.63.

Institutional Trading of Airbnb

Several hedge funds have recently made changes to their positions in the business. Verde Capital Management lifted its position in shares of Airbnb by 25.3% during the fourth quarter. Verde Capital Management now owns 21,118 shares of the company’s stock worth $2,775,000 after purchasing an additional 4,269 shares in the last quarter. Avior Wealth Management LLC increased its stake in shares of Airbnb by 162.3% during the fourth quarter. Avior Wealth Management LLC now owns 2,707 shares of the company’s stock worth $356,000 after buying an additional 1,675 shares during the period. Traynor Capital Management Inc. increased its stake in shares of Airbnb by 45.7% during the fourth quarter. Traynor Capital Management Inc. now owns 15,955 shares of the company’s stock worth $2,097,000 after buying an additional 5,004 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Airbnb by 25.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 50,964 shares of the company’s stock worth $6,697,000 after buying an additional 10,347 shares during the period. Finally, Park Place Capital Corp purchased a new stake in shares of Airbnb during the fourth quarter worth approximately $77,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Buying and Selling

In related news, Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $128.95, for a total transaction of $27,632,050.75. Following the sale, the director now directly owns 1,071,430 shares in the company, valued at approximately $138,160,898.50. This represents a 16.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Chesky sold 76,923 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 12,616,300 shares in the company, valued at $1,765,525,022. This represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety 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.

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.

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.