Capital Advisors Inc. OK Increases Stock Holdings in Airbnb, Inc. $ABNB

Capital Advisors Inc. OK increased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 5.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 205,904 shares of the company’s stock after purchasing an additional 10,781 shares during the quarter. Capital Advisors Inc. OK’s holdings in Airbnb were worth $27,945,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in ABNB. Harris Associates L P grew its stake in shares of Airbnb by 43.2% during the 2nd quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock valued at $1,884,168,000 after buying an additional 4,292,383 shares during the period. Independent Franchise Partners LLP acquired a new stake in shares of Airbnb during the 3rd quarter worth $505,672,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Airbnb by 453.5% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock worth $403,782,000 after buying an additional 2,724,682 shares during the period. AQR Capital Management LLC boosted its holdings in Airbnb by 58.6% in the third quarter. AQR Capital Management LLC now owns 4,269,937 shares of the company’s stock valued at $518,456,000 after acquiring an additional 1,577,338 shares during the last quarter. Finally, Amundi boosted its holdings in Airbnb by 112.3% in the second quarter. Amundi now owns 2,670,251 shares of the company’s stock valued at $361,525,000 after acquiring an additional 1,412,608 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Price Performance

Shares of ABNB opened at $126.28 on Wednesday. The stock’s 50-day moving average is $128.54 and its two-hundred day moving average is $126.93. The stock has a market cap of $76.87 billion, a PE ratio of 31.26, a P/E/G ratio of 1.51 and a beta of 1.12. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $143.88.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, February 12th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). The company had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.71 billion. Airbnb had a net margin of 20.51% and a return on equity of 30.88%. Airbnb’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.73 EPS. On average, research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Buying and Selling at Airbnb

In related news, Director Joseph Gebbia sold 58,000 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $132.51, for a total transaction of $7,685,580.00. Following the completion of the sale, the director directly owned 228,015 shares of the company’s stock, valued at approximately $30,214,267.65. This trade represents a 20.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Elinor Mertz sold 3,750 shares of Airbnb stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $130.00, for a total transaction of $487,500.00. Following the sale, the chief financial officer directly owned 402,417 shares in the company, valued at $52,314,210. This trade represents a 0.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 363,510 shares of company stock valued at $47,179,050 over the last 90 days. 27.83% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ABNB shares. Deutsche Bank Aktiengesellschaft upgraded Airbnb from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a research note on Friday, February 13th. TD Cowen lifted their price objective on Airbnb from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Morgan Stanley set a $120.00 target price on Airbnb in a report on Friday, February 13th. Sanford C. Bernstein dropped their target price on shares of Airbnb from $165.00 to $162.00 and set an “outperform” rating for the company in a research report on Tuesday, January 6th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Airbnb in a report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seventeen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $147.79.

Airbnb Company Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.