Airbnb, Inc. $ABNB Shares Bought by Cambiar Investors LLC

Cambiar Investors LLC boosted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 31.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 427,025 shares of the company’s stock after acquiring an additional 102,555 shares during the quarter. Airbnb comprises 2.4% of Cambiar Investors LLC’s investment portfolio, making the stock its 9th biggest holding. Cambiar Investors LLC owned 0.07% of Airbnb worth $56,512,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Kentucky Trust Co purchased a new position in shares of Airbnb during the 2nd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Airbnb by 70.9% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after buying an additional 83 shares in the last quarter. Concord Wealth Partners purchased a new position in shares of Airbnb during the 2nd quarter worth approximately $28,000. Whipplewood Advisors LLC raised its stake in shares of Airbnb by 235.3% during the 2nd quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock worth $30,000 after buying an additional 160 shares in the last quarter. Finally, Armstrong Advisory Group Inc. raised its stake in shares of Airbnb by 363.6% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock worth $34,000 after buying an additional 200 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Price Performance

NASDAQ ABNB opened at $126.54 on Friday. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93. The company has a market capitalization of $78.64 billion, a P/E ratio of 30.64, a PEG ratio of 2.31 and a beta of 1.10. The business has a 50 day moving average price of $124.55 and a 200 day moving average price of $128.45.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Wednesday, August 6th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.11. The firm had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.Airbnb’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the business posted $0.86 EPS. On average, research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ABNB. Weiss Ratings reissued a “hold (c)” rating on shares of Airbnb in a research note on Wednesday, October 8th. BNP Paribas raised Airbnb to a “hold” rating in a research note on Wednesday, July 16th. BTIG Research reaffirmed a “neutral” rating on shares of Airbnb in a research note on Tuesday, October 7th. Citizens Jmp raised Airbnb to a “hold” rating in a research note on Monday, August 11th. Finally, Phillip Securities raised Airbnb from a “moderate sell” rating to a “hold” rating in a research note on Friday, August 8th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have given a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $141.70.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $125.36, for a total transaction of $29,584,960.00. Following the completion of the transaction, the director owned 15 shares of the company’s stock, valued at approximately $1,880.40. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Elinor Mertz sold 12,184 shares of the firm’s stock in a transaction on Friday, October 24th. The stock was sold at an average price of $127.65, for a total value of $1,555,287.60. Following the transaction, the chief financial officer directly owned 444,070 shares of the company’s stock, valued at $56,685,535.50. The trade was a 2.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,682,160 shares of company stock valued at $210,262,707 in the last three months. 27.91% of the stock is currently owned by company insiders.

Airbnb Profile

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.