Greycroft LP Has $836,000 Stock Holdings in Airbnb, Inc. $ABNB

Key Points

• Greycroft LP increased its stake in Airbnb by 40%, making it the company's 8th biggest holding, worth approximately $836,000.
• Institutional investors own over 80% of Airbnb's stock, indicative of strong interest from hedge funds and large financial entities.
• Airbnb's stock has seen recent analysts' price target adjustments, with benchmarks ranging from $110 to $180, reflecting mixed market sentiment.

Greycroft LP increased its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 40.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,000 shares of the company's stock after purchasing an additional 2,000 shares during the quarter. Airbnb makes up approximately 0.9% of Greycroft LP's holdings, making the stock its 8th largest holding. Greycroft LP's holdings in Airbnb were worth $836,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. MJP Associates Inc. ADV lifted its holdings in Airbnb by 1.8% in the fourth quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock worth $490,000 after buying an additional 67 shares during the period. Ellevest Inc. lifted its holdings in Airbnb by 3.1% in the fourth quarter. Ellevest Inc. now owns 2,655 shares of the company's stock worth $349,000 after buying an additional 80 shares during the period. Harbour Investments Inc. lifted its holdings in Airbnb by 12.2% in the first quarter. Harbour Investments Inc. now owns 738 shares of the company's stock worth $88,000 after buying an additional 80 shares during the period. Koshinski Asset Management Inc. lifted its holdings in Airbnb by 4.4% in the first quarter. Koshinski Asset Management Inc. now owns 1,984 shares of the company's stock worth $237,000 after buying an additional 83 shares during the period. Finally, Coldstream Capital Management Inc. lifted its holdings in Airbnb by 3.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,490 shares of the company's stock worth $327,000 after buying an additional 91 shares during the period. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Performance

Shares of ABNB traded up $0.61 on Thursday, hitting $130.46. 3,655,399 shares of the stock traded hands, compared to its average volume of 5,781,291. The company has a market capitalization of $81.07 billion, a PE ratio of 31.59, a P/E/G ratio of 2.37 and a beta of 1.13. The business has a 50 day simple moving average of $132.23 and a 200 day simple moving average of $130.43. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The firm's quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.86 earnings per share. On average, equities analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Activity

In other Airbnb news, insider Nathan Blecharczyk sold 2,246 shares of Airbnb 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 approximately $22,850,752.80. The trade was a 1.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO David C. Bernstein sold 5,000 shares of Airbnb stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $142.00, for a total transaction of $710,000.00. Following the completion of the sale, the chief accounting officer directly owned 42,619 shares of the company's stock, valued at approximately $6,051,898. This trade represents a 10.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,445,355 shares of company stock worth $192,533,558 over the last three months. 27.91% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. Royal Bank Of Canada raised their price objective on shares of Airbnb from $140.00 to $145.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Citigroup lowered their target price on shares of Airbnb from $170.00 to $155.00 and set a "buy" rating for the company in a report on Monday, May 5th. Wedbush lowered their target price on shares of Airbnb from $135.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, August 7th. Susquehanna lowered their target price on shares of Airbnb from $200.00 to $150.00 and set a "positive" rating for the company in a report on Monday, May 5th. Finally, Citizens Jmp upgraded shares of Airbnb to a "hold" rating in a report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $142.72.

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.