111 Capital Has $2.91 Million Stock Holdings in Airbnb, Inc. $ABNB

Key Points

• 111 Capital increased its holdings in Airbnb by 41.8%, now owning 21,963 shares valued at approximately $2.91 million.
• Airbnb's stock is currently trading at $120.22, with a market cap of $74.71 billion and a 52-week range between $99.88 and $163.93.
• Recent earnings showed Airbnb reporting $1.03 EPS, exceeding analysts' expectations, along with a revenue increase of 12.7% year-over-year.

111 Capital increased its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 41.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,963 shares of the company's stock after buying an additional 6,472 shares during the period. 111 Capital's holdings in Airbnb were worth $2,907,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ABNB. Kentucky Trust Co acquired a new position in Airbnb during the 2nd quarter valued at about $25,000. Stonebridge Financial Group LLC boosted its stake in Airbnb by 75.7% during the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock valued at $29,000 after purchasing an additional 106 shares during the last quarter. Armstrong Advisory Group Inc. boosted its stake in Airbnb by 363.6% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company's stock valued at $34,000 after purchasing an additional 200 shares during the last quarter. Bartlett & CO. Wealth Management LLC boosted its stake in Airbnb by 209.6% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock valued at $31,000 after purchasing an additional 174 shares during the last quarter. Finally, SouthState Corp boosted its stake in Airbnb by 216.1% during the 1st quarter. SouthState Corp now owns 294 shares of the company's stock valued at $35,000 after purchasing an additional 201 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Stock Down 1.0%

Airbnb stock opened at $120.22 on Friday. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The company's 50 day moving average price is $125.86 and its two-hundred day moving average price is $127.57. The stock has a market cap of $74.71 billion, a P/E ratio of 29.11, a P/E/G ratio of 2.22 and a beta of 1.10.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.11. The company had revenue of $3.10 billion for 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%. Airbnb's revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 EPS. On average, equities analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $122.91, for a total value of $73,746.00. Following the sale, the chief technology officer owned 199,006 shares of the company's stock, valued at approximately $24,459,827.46. The trade was a 0.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nathan Blecharczyk sold 2,246 shares of Airbnb stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $125.20, for a total transaction of $281,199.20. Following the completion of the sale, the insider directly owned 182,514 shares in the company, valued at $22,850,752.80. This trade represents a 1.22% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,673,726 shares of company stock worth $215,816,143. Company insiders own 27.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wedbush cut their price target on Airbnb from $135.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Weiss Ratings reiterated a "hold (c)" rating on shares of Airbnb in a research note on Saturday, September 27th. BMO Capital Markets set a $124.00 price target on Airbnb and gave the company a "market perform" rating in a research note on Thursday, August 7th. Morgan Stanley cut their price target on Airbnb from $130.00 to $120.00 and set an "underweight" rating for the company in a research note on Thursday, August 7th. Finally, Zacks Research upgraded Airbnb to a "hold" rating in a research note on Tuesday, August 12th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nineteen have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, Airbnb has an average rating of "Hold" and an average price target of $141.81.

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.

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