Capital Advisors Inc. OK Has $22.17 Million Stake in Airbnb, Inc. (NASDAQ:ABNB)

Capital Advisors Inc. OK lifted its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 9.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 185,600 shares of the company's stock after purchasing an additional 16,334 shares during the quarter. Capital Advisors Inc. OK's holdings in Airbnb were worth $22,172,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. MJP Associates Inc. ADV lifted its position in Airbnb by 1.8% during the fourth quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock worth $490,000 after acquiring an additional 67 shares during the last quarter. Ellevest Inc. increased its stake in shares of Airbnb by 3.1% during the fourth quarter. Ellevest Inc. now owns 2,655 shares of the company's stock worth $349,000 after purchasing an additional 80 shares during the period. Koshinski Asset Management Inc. increased its stake in shares of Airbnb by 4.4% during the first quarter. Koshinski Asset Management Inc. now owns 1,984 shares of the company's stock worth $237,000 after purchasing an additional 83 shares during the period. TD Waterhouse Canada Inc. boosted its stake in Airbnb by 7.2% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,337 shares of the company's stock valued at $176,000 after purchasing an additional 90 shares during the period. Finally, Coldstream Capital Management Inc. grew its holdings in Airbnb by 3.8% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,490 shares of the company's stock valued at $327,000 after buying an additional 91 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Airbnb Price Performance

NASDAQ ABNB traded up $0.51 on Monday, reaching $137.00. The company had a trading volume of 3,549,800 shares, compared to its average volume of 5,036,878. The firm has a market cap of $85.82 billion, a price-to-earnings ratio of 34.60, a P/E/G ratio of 2.56 and a beta of 1.13. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The business has a 50 day moving average of $131.74 and a two-hundred day moving average of $130.51.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 30.91% and a net margin of 22.60%. The company's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.41 earnings per share. As a group, research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ABNB has been the subject of a number of research reports. Tigress Financial lifted their target price on Airbnb from $195.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, March 14th. DA Davidson raised shares of Airbnb from a "neutral" rating to a "buy" rating and cut their price objective for the company from $170.00 to $155.00 in a report on Wednesday, April 30th. Phillip Securities cut shares of Airbnb from a "hold" rating to a "moderate sell" rating in a report on Friday, May 9th. Susquehanna lowered their price objective on Airbnb from $200.00 to $150.00 and set a "positive" rating on the stock in a research note on Monday, May 5th. Finally, Canaccord Genuity Group reduced their price objective on shares of Airbnb from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $141.47.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 8,000 shares of the firm's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $128.33, for a total value of $1,026,640.00. Following the completion of the sale, the chief executive officer directly owned 40,800 shares in the company, valued at approximately $5,235,864. This trade represents a 16.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction on Wednesday, May 28th. The shares were 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 directly owned 1,416,015 shares of the company's stock, valued at approximately $182,184,489.90. This trade represents a 14.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,607,528 shares of company stock valued at $201,688,571. 27.83% of the stock is currently owned by company insiders.

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.