Airbnb, Inc. $ABNB Shares Purchased by Odyssean LLC

Key Points

• Odyssean LLC more than doubled its Airbnb position in the second quarter, acquiring 11,452 additional shares for a total holding of 22,474 shares valued at approximately $3.2 million. Institutional investors collectively own 80.76% of ABNB.
• Airbnb reported a quarterly earnings beat, with EPS of $1.37 versus the $1.26 consensus and revenue of $3.61 billion, up 16.3% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $174.03, while Bernstein raised its target to $217.
• Despite strong institutional buying and positive analyst sentiment, insiders sold substantial shares: insiders disposed of 2.87 million shares worth about $428.4 million over the past three months, including sales by CEO Brian Chesky and director Nathan Blecharczyk.

Odyssean LLC boosted its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 103.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,474 shares of the company's stock after buying an additional 11,452 shares during the period. Odyssean LLC's holdings in Airbnb were worth $3,216,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Transamerica Financial Advisors LLC boosted its holdings in shares of Airbnb by 143.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company's stock valued at $26,000 after acquiring an additional 112 shares during the last quarter. Entrust Financial LLC purchased a new position in shares of Airbnb during the fourth quarter worth $27,000. Meeder Asset Management Inc. lifted its position in Airbnb by 96.3% during the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company's stock valued at $27,000 after purchasing an additional 105 shares during the period. Sunbelt Securities Inc. lifted its position in Airbnb by 397.7% during the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company's stock valued at $27,000 after purchasing an additional 175 shares during the period. Finally, Wiser Advisor Group LLC purchased a new stake in Airbnb in the third quarter valued at $27,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Insider Activity

In other Airbnb news, CEO Brian Chesky sold 20,000 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $173.61, for a total transaction of $3,472,200.00. Following the transaction, the chief executive officer owned 5,854 shares in the company, valued at approximately $1,016,312.94. This represents a 77.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nathan Blecharczyk sold 2,738 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $184.42, for a total value of $504,941.96. Following the transaction, the insider owned 74,808 shares in the company, valued at $13,796,091.36. This represents a 3.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 2,871,879 shares of company stock worth $428,378,768. 27.21% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ABNB shares. CICC Research began coverage on Airbnb in a research report on Friday, June 5th. They set an "outperform" rating and a $165.00 price target on the stock. The Goldman Sachs Group set a $170.00 price objective on Airbnb in a report on Tuesday, July 28th. KeyCorp restated a "sector weight" rating on shares of Airbnb in a research note on Monday, August 10th. Evercore set a $200.00 target price on Airbnb in a report on Monday. Finally, Piper Sandler set a $150.00 price target on Airbnb in a research report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $174.03.

Airbnb Stock Up 0.2%

ABNB stock opened at $190.50 on Wednesday. The firm has a market cap of $114.07 billion, a PE ratio of 43.30, a P/E/G ratio of 2.20 and a beta of 1.14. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.41 and a current ratio of 1.41. The firm's fifty day moving average is $156.17 and its 200 day moving average is $140.50. Airbnb, Inc. has a one year low of $110.81 and a one year high of $193.45.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.26 by $0.11. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.58 billion. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The company's revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 earnings per share. On average, research analysts forecast that Airbnb, Inc. will post 5.23 EPS for the current year.

Key Headlines Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Bernstein raised its Airbnb price target to $217, arguing that stronger booking trends and the second-quarter earnings beat indicate a potential growth turnaround. The revised target implies further upside and is likely supporting investor sentiment. Bernstein Boosts Airbnb Price Target to $217 Following Strong Q2 Performance
• Positive Sentiment: Additional Bernstein commentary said booking momentum is prompting Wall Street to reassess Airbnb’s growth outlook, reinforcing the view that recent operating performance may represent a meaningful inflection point. Bernstein Revamps Airbnb Stock Target for Rest of Year
• Positive Sentiment: The stock reached a new 12-month high, reflecting continued momentum after Airbnb reported quarterly earnings and revenue above consensus estimates, with revenue growth accelerating year over year. Airbnb Reaches New 12-Month High
• Neutral Sentiment: CEO Brian Chesky is scheduled to speak at the Goldman Sachs Communacopia + Technology Conference on September 8. The event could provide updates on demand, bookings and strategy, but it is not an immediate earnings catalyst. Airbnb to Participate in Goldman Sachs Conference
• Neutral Sentiment: The reported August short-interest figures show zero shares and a zero-day days-to-cover ratio, with an invalid percentage change. This appears to be a data-quality issue and provides no reliable indication of short-selling pressure.

About Airbnb

Airbnb, Inc NASDAQ: ABNB operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company's core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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