Lecap Asset Management Ltd. Takes Position in Airbnb, Inc. (NASDAQ:ABNB)

Lecap Asset Management Ltd. bought a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,847 shares of the company's stock, valued at approximately $698,000.

Several other hedge funds and other institutional investors have also made changes to their positions in ABNB. Park Square Financial Group LLC acquired a new position in shares of Airbnb during the 4th quarter valued at $26,000. Orion Capital Management LLC purchased a new stake in Airbnb during the 4th quarter worth $28,000. Graney & King LLC purchased a new stake in Airbnb during the 4th quarter worth $32,000. Whipplewood Advisors LLC purchased a new stake in Airbnb during the 4th quarter worth $44,000. Finally, Rakuten Securities Inc. increased its stake in Airbnb by 31.6% during the 1st quarter. Rakuten Securities Inc. now owns 379 shares of the company's stock worth $45,000 after buying an additional 91 shares during the period. Institutional investors and hedge funds own 80.76% of the company's stock.

Airbnb Trading Up 0.6%

Airbnb stock traded up $0.80 during midday trading on Friday, reaching $134.52. 4,929,624 shares of the stock traded hands, compared to its average volume of 5,028,615. The firm has a fifty day moving average price of $129.56 and a two-hundred day moving average price of $130.47. The firm has a market cap of $84.26 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 2.43 and a beta of 1.14. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. Airbnb had a net margin of 22.60% and a return on equity of 30.91%. The company's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 earnings per share. Analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Benchmark dropped their price target on shares of Airbnb from $178.00 to $155.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Jefferies Financial Group raised shares of Airbnb from a "hold" rating to a "buy" rating and lifted their price target for the stock from $165.00 to $185.00 in a research note on Monday, March 10th. Morgan Stanley lifted their price target on shares of Airbnb from $125.00 to $130.00 and gave the stock an "underweight" rating in a research note on Thursday, April 17th. JMP Securities reaffirmed a "market perform" rating on shares of Airbnb in a research note on Friday, May 2nd. Finally, Susquehanna dropped their price target on shares of Airbnb from $200.00 to $150.00 and set a "positive" rating on the stock in a research note on Monday, May 5th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Airbnb has an average rating of "Hold" and a consensus target price of $141.23.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $139.40, for a total transaction of $32,898,400.00. Following the completion of the transaction, the director now directly owns 1,180,015 shares of the company's stock, valued at $164,494,091. The trade was a 16.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the business's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $132.27, for a total transaction of $79,362.00. Following the transaction, the chief technology officer now directly owns 212,777 shares of the company's stock, valued at $28,144,013.79. The trade was a 0.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,646,087 shares of company stock valued at $206,326,144 in the last ninety days. Company insiders own 27.91% of the company's stock.

Airbnb Company 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.