Airbnb, Inc.

NASDAQ Global Select
Back to all articles
Slightly Bearish -15

Assetmark Inc. Has $21.67 Million Stock Position in Airbnb, Inc. $ABNB

AI-generated analysis

📈 Assetmark Inc. grew its Airbnb stake by 13.7% in Q1, now holding 171,602 shares valued at $21.67 million.

📊 Intech Investment Management LLC raised its position by 55.8% to own 12,161 shares worth $1.453 million.

📈 NewEdge Advisors LLC increased its stake by 9.8% in Q2, holding 54,054 shares valued at $7.153 million.

📉 Insider Nathan Blecharczyk sold 13,615 shares for $2.02 million on July 6th, reducing his position by 14.29%.

📉 Director Kenneth I. Chenault sold 8,346 shares for $1.25 million on June 29th, cutting ownership by 16.95%.

💰 Total insider sales reached 2,325,429 shares worth approximately $321.9 million over the last three months.

📉 Airbnb reported Q1 EPS of $0.26, missing analyst consensus estimates of $0.31 by $0.05.

💵 Revenue for the quarter was $2.68 billion, beating the consensus estimate of $2.62 billion.

📈 Revenue grew 17.9% year-over-year compared to the same period last year.

🏦 The company maintains a market capitalization of $87.98 billion with a PE ratio of 35.96.

📉 Stock price recently traded between a 12-month low of $110.81 and a high of $150.88.

📊 Institutional investors and hedge funds collectively own 80.76% of the company's outstanding stock.

Bullish Signals
  • Airbnb reported revenue of $2.68 billion for the quarter, which exceeded analyst consensus estimates of $2.62 billion.
  • The company achieved a year-over-year revenue growth rate of 17.9% compared to the same quarter last year.
  • Assetmark Inc. and several other major institutional investors increased their holdings in the stock during recent quarters.
  • Airbnb maintains a strong balance sheet with a current ratio and quick ratio of 1.44 and a low debt-to-equity ratio of 0.32.
Risk Factors
  • Airbnb reported earnings per share of $0.26, which missed analyst consensus estimates of $0.31 by $0.05.
  • Significant insider selling activity occurred recently with insiders collectively offloading over 2.3 million shares worth approximately $321.9 million in the last three months.
Full Analysis
Assetmark Inc. increased its holdings in Airbnb, Inc. (NASDAQ: ABNB) by 13.7% during the first quarter, acquiring an additional 20,725 shares to reach a total of 171,602 shares valued at $21.67 million according to recent SEC filings. Several other institutional investors also adjusted their positions in Airbnb during the second and third quarters. Notable increases include Intech Investment Management LLC raising its stake by 55.8% to own 12,161 shares worth $1.453 million, and NewEdge Advisors LLC increasing its position by 9.8% to hold 54,054 shares valued at $7.153 million. Insider trading activity saw significant sales from key executives in the last three months. Nathan Blecharczyk sold 13,615 shares for approximately $2.02 million on July 6th, while Director Kenneth I. Chenault sold 8,346 shares for $1.25 million on June 29th. Collectively, insiders sold over 2.3 million shares worth roughly $321.9 million. Airbnb reported Q1 earnings of $0.26 EPS, missing analyst estimates of $0.31, though revenue beat expectations at $2.68 billion versus a consensus of $2.62 billion. The company's stock trades at a market cap of $87.98 billion with a PE ratio of 35.96 and has seen recent price fluctuations between its 12-month low of $110.81 and high of $150.88.