Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Sivia Capital Partners LLC

Sivia Capital Partners LLC lifted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 126.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,939 shares of the company's stock after buying an additional 2,755 shares during the period. Sivia Capital Partners LLC's holdings in Airbnb were worth $590,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new position in shares of Airbnb during the fourth quarter worth approximately $1,445,000. EFG Asset Management Americas Corp. acquired a new position in shares of Airbnb during the fourth quarter worth approximately $4,406,000. Jones Financial Companies Lllp boosted its position in shares of Airbnb by 43.0% during the fourth quarter. Jones Financial Companies Lllp now owns 7,166 shares of the company's stock worth $942,000 after buying an additional 2,155 shares during the period. Vested Financial Planning LLC acquired a new position in shares of Airbnb during the fourth quarter worth approximately $262,000. Finally, Deutsche Bank AG boosted its position in shares of Airbnb by 11.5% during the fourth quarter. Deutsche Bank AG now owns 1,480,314 shares of the company's stock worth $194,528,000 after buying an additional 153,020 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. JMP Securities reiterated a "market perform" rating on shares of Airbnb in a research report on Friday, May 2nd. Susquehanna cut their target price on Airbnb from $200.00 to $150.00 and set a "positive" rating for the company in a research report on Monday, May 5th. Gordon Haskett upgraded Airbnb from a "sell" rating to a "hold" rating and set a $143.00 target price for the company in a research report on Friday, February 14th. JPMorgan Chase & Co. cut their target price on Airbnb from $160.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, Cantor Fitzgerald restated an "underweight" rating and issued a $100.00 target price on shares of Airbnb in a research report on Wednesday, May 14th. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Airbnb has a consensus rating of "Hold" and a consensus price target of $141.23.

Insider Transactions at Airbnb

In other news, CFO Elinor Mertz sold 6,250 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $132.28, for a total value of $826,750.00. Following the transaction, the chief financial officer now directly owns 467,611 shares of the company's stock, valued at approximately $61,855,583.08. This represents a 1.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joseph Gebbia sold 236,000 shares of the company's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $128.66, for a total transaction of $30,363,760.00. Following the completion of the sale, the director now owns 1,416,015 shares of the company's stock, valued at $182,184,489.90. This represents a 14.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,642,018 shares of company stock valued at $202,748,249. 27.91% of the stock is owned by insiders.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $140.64 on Friday. The company's fifty day moving average is $123.61 and its two-hundred day moving average is $130.73. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The company has a market cap of $88.10 billion, a P/E ratio of 34.05, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the company posted $0.41 earnings per share. The company's revenue was up 7.4% compared to the same quarter last year. Equities analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

About Airbnb

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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