US Politicians are Selling These 5 Stocks

4. Airbnb, Inc. (NASDAQ:ABNB)

Number of Hedge Fund Holders: 66 

Airbnb, Inc. (NASDAQ:ABNB) operates an online travel platform. On August 3, US House member Jim Langevin disclosed a sale transaction related to Airbnb, Inc. (NASDAQ:ABNB) stock worth somewhere between $1,000 and $15,000. The member revealed that he had exercised CALL options on the stock with a strike price of $120 that were expiring on August 5. The transaction in this regard took place in late July.

On August 3, RBC Capital analyst Brad Erickson maintained a Sector Perform rating on Airbnb, Inc. (NASDAQ:ABNB) stock and lowered the price target to $115 from $175, noting that the growth and margin leverage of the firm remain solid.

Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Airbnb, Inc. (NASDAQ:ABNB), with 3.3 million shares worth more than $575 million.

In its Q3 2021 investor letter, Tollymore Investment Partners, an asset management firm, highlighted a few stocks and Airbnb, Inc. (NASDAQ:ABNB) was one of them. Here is what the fund said:

“Today disruptors are not typically seeking to replace incumbents entirely. Rather, they break the links in the customer journey, in doing so better aligning monetisation with value creation and minimising externalities. For example, Airbnb, Inc. (NASDAQ:ABNB) broke the link between staying in residential property and owning it. Airbnb, Inc. (NASDAQ:ABNB) is a specific example of a business model innovation which separated asset use from ownership. This is hardly a novel idea; it’s called renting. Rental models lend themselves to assets which are expensive and durable, and where usage is infrequent.”