Airbnb, Inc. $ABNB Shares Acquired by CVA Family Office LLC

CVA Family Office LLC lifted its position in Airbnb, Inc. (NASDAQ:ABNB) by 24.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 753 shares of the company’s stock after acquiring an additional 150 shares during the quarter. CVA Family Office LLC’s holdings in Airbnb were worth $100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sit Investment Associates Inc. raised its position in shares of Airbnb by 42.8% in the first quarter. Sit Investment Associates Inc. now owns 16,870 shares of the company’s stock worth $2,015,000 after acquiring an additional 5,060 shares during the period. Vestmark Advisory Solutions Inc. grew its position in shares of Airbnb by 74.8% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 20,514 shares of the company’s stock valued at $2,451,000 after acquiring an additional 8,780 shares during the period. Plato Investment Management Ltd increased its stake in shares of Airbnb by 53.1% in the 1st quarter. Plato Investment Management Ltd now owns 18,974 shares of the company’s stock valued at $2,291,000 after purchasing an additional 6,579 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Airbnb by 52.9% in the 1st quarter. Acadian Asset Management LLC now owns 2,457,837 shares of the company’s stock worth $293,590,000 after purchasing an additional 850,719 shares during the period. Finally, York GP Ltd. acquired a new position in Airbnb in the 2nd quarter worth about $6,617,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In other news, CFO Elinor Mertz sold 4,630 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $128.42, for a total transaction of $594,584.60. Following the transaction, the chief financial officer directly owned 444,070 shares in the company, valued at $57,027,469.40. The trade was a 1.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nathan Blecharczyk sold 2,246 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $125.20, for a total value of $281,199.20. Following the completion of the sale, the insider owned 182,514 shares of the company’s stock, valued at $22,850,752.80. This trade represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,425,876 shares of company stock valued at $177,336,982. Company insiders own 27.91% of the company’s stock.

Airbnb Stock Performance

Shares of ABNB stock opened at $127.99 on Friday. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The stock’s fifty day moving average is $124.48 and its two-hundred day moving average is $128.00. The firm has a market capitalization of $79.54 billion, a P/E ratio of 30.99, a PEG ratio of 2.33 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Wednesday, August 6th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.11. The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 earnings per share. On average, equities analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the company. Zacks Research raised Airbnb to a “hold” rating in a report on Tuesday, August 12th. Jefferies Financial Group dropped their price target on shares of Airbnb from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Monday, August 11th. Mizuho started coverage on shares of Airbnb in a report on Monday, September 29th. They issued an “outperform” rating and a $151.00 price target for the company. Barclays set a $105.00 price objective on shares of Airbnb and gave the company an “underweight” rating in a report on Thursday, August 7th. Finally, BTIG Research reissued a “neutral” rating on shares of Airbnb in a research note on Tuesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $141.70.

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.