Hudson Value Partners LLC Makes New $491,000 Investment in Airbnb, Inc. $ABNB

Hudson Value Partners LLC purchased a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) in the second quarter, HoldingsChannel reports. The fund purchased 3,711 shares of the company’s stock, valued at approximately $491,000.

A number of other large investors have also recently bought and sold shares of the company. Sit Investment Associates Inc. boosted its holdings in shares of Airbnb by 42.8% in the 1st quarter. Sit Investment Associates Inc. now owns 16,870 shares of the company’s stock valued at $2,015,000 after buying an additional 5,060 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its holdings in shares of Airbnb by 74.8% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 20,514 shares of the company’s stock valued at $2,451,000 after buying an additional 8,780 shares during the last quarter. Plato Investment Management Ltd boosted its holdings 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 buying an additional 6,579 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Airbnb by 52.9% in the 1st quarter. Acadian Asset Management LLC now owns 2,457,837 shares of the company’s stock valued at $293,590,000 after buying an additional 850,719 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in shares of Airbnb by 10.0% in the 1st quarter. Ritholtz Wealth Management now owns 5,328 shares of the company’s stock valued at $636,000 after buying an additional 484 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Ratings Changes

ABNB has been the topic of a number of research analyst reports. Wedbush dropped their price target on Airbnb from $135.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. BMO Capital Markets set a $124.00 price target on Airbnb and gave the company a “market perform” rating in a report on Thursday, August 7th. Royal Bank Of Canada raised their price target on Airbnb from $140.00 to $145.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. Truist Financial cut their price target on Airbnb from $106.00 to $104.00 and set a “sell” rating for the company in a report on Wednesday, September 3rd. Finally, Morgan Stanley cut their price target on Airbnb from $130.00 to $120.00 and set an “underweight” rating for the company in a report on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eighteen have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $141.81.

Airbnb Price Performance

ABNB stock opened at $122.32 on Thursday. The stock has a market capitalization of $76.01 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 2.22 and a beta of 1.10. The business’s fifty day moving average price is $126.68 and its two-hundred day moving average price is $127.63. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93.

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

Insider Buying and Selling

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $125.36, for a total transaction of $29,584,960.00. Following the sale, the director directly owned 15 shares in the company, valued at $1,880.40. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $135.86, for a total transaction of $849,125.00. Following the sale, the chief financial officer owned 461,361 shares in the company, valued at $62,680,505.46. The trade was a 1.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,673,726 shares of company stock worth $215,816,143. Company insiders own 27.91% of the company’s stock.

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.