Rep. Robert Bresnahan, Jr. Buys Airbnb, Inc. (NASDAQ:ABNB) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of Airbnb, Inc. (NASDAQ:ABNB). In a filing disclosed on March 27th, the Representative disclosed that they had bought between $1,001 and $15,000 in Airbnb stock on February 25th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 3/7/2025.
• Sold $1,001 – $15,000 in shares of Tesla (NASDAQ:TSLA) on 3/6/2025.
• Purchased $1,001 – $15,000 in shares of SEA (NYSE:SE) on 3/5/2025.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Meta Platforms (NASDAQ:META) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Twilio (NYSE:TWLO) on 3/4/2025.
• Sold $15,001 – $50,000 in shares of Alibaba Group (NYSE:BABA) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Zoom Video Communications (NASDAQ:ZM) on 3/4/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 3/3/2025.
• Purchased $1,001 – $15,000 in shares of Snowflake (NYSE:SNOW) on 3/3/2025.

Airbnb Stock Down 3.9 %

Shares of NASDAQ:ABNB opened at $120.69 on Friday. The company has a market capitalization of $76.10 billion, a PE ratio of 29.22, a P/E/G ratio of 3.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The company’s fifty day moving average is $135.29 and its 200-day moving average is $133.71. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $166.74.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Equities research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $135.35, for a total value of $94,745.00. Following the completion of the transaction, the chief technology officer now owns 184,714 shares of the company’s stock, valued at $25,001,039.90. This trade represents a 0.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nathan Blecharczyk sold 183,078 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the completion of the sale, the insider now directly owns 164,850 shares in the company, valued at approximately $26,046,300. The trade was a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,270,894 shares of company stock worth $317,578,168 in the last 90 days. Corporate insiders own 27.83% of the company’s stock.

Institutional Trading of Airbnb

Hedge funds and other institutional investors have recently made changes to their positions in the business. Golden State Wealth Management LLC bought a new position in Airbnb in the fourth quarter valued at $25,000. Berbice Capital Management LLC bought a new stake in Airbnb during the fourth quarter worth about $26,000. Park Square Financial Group LLC acquired a new position in Airbnb during the fourth quarter valued at approximately $26,000. Orion Capital Management LLC bought a new position in Airbnb in the fourth quarter valued at approximately $28,000. Finally, Graney & King LLC acquired a new position in shares of Airbnb during the 4th quarter worth approximately $32,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ABNB has been the subject of a number of research reports. Morgan Stanley raised their target price on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. UBS Group upped their target price on shares of Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Susquehanna raised their price target on shares of Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a report on Tuesday, February 18th. Gordon Haskett upgraded Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective on the stock in a research report on Friday, February 14th. Finally, HSBC raised Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $147.36.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.