Capital Advisors Inc. OK Has $25.55 Million Stock Position in Airbnb, Inc. $ABNB

Key Points

• Capital Advisors Inc. OK increased its stake in Airbnb by 4.0% during the second quarter, now holding 193,047 shares valued at approximately $25.55 million.
• A significant insider sale occurred when Director Joseph Gebbia sold 236,000 shares for about $32.76 million, reducing his ownership by 33.33%.
• Airbnb's most recent quarterly earnings exceeded analysts' expectations, reporting $1.03 EPS on revenue of $3.10 billion, which was a 12.7% increase year-over-year.

Capital Advisors Inc. OK lifted its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 4.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 193,047 shares of the company's stock after purchasing an additional 7,447 shares during the quarter. Capital Advisors Inc. OK's holdings in Airbnb were worth $25,548,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Geneos Wealth Management Inc. boosted its position in shares of Airbnb by 1.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company's stock valued at $604,000 after purchasing an additional 78 shares during the period. Harbour Investments Inc. boosted its position in shares of Airbnb by 12.2% in the 1st quarter. Harbour Investments Inc. now owns 738 shares of the company's stock valued at $88,000 after purchasing an additional 80 shares during the period. Koshinski Asset Management Inc. boosted its position in Airbnb by 4.4% during the 1st quarter. Koshinski Asset Management Inc. now owns 1,984 shares of the company's stock worth $237,000 after acquiring an additional 83 shares during the period. Rakuten Securities Inc. boosted its position 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 acquiring an additional 91 shares during the period. Finally, Trivium Point Advisory LLC boosted its position in Airbnb by 3.0% during the 1st quarter. Trivium Point Advisory LLC now owns 3,408 shares of the company's stock worth $407,000 after acquiring an additional 99 shares during the period. Institutional investors and hedge funds own 80.76% of the company's stock.

Insider Activity at Airbnb

In other news, Director Joseph Gebbia sold 236,000 shares of the company's stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of $138.83, for a total transaction of $32,763,880.00. Following the completion of the transaction, the director directly owned 472,015 shares in the company, valued at $65,529,842.45. The trade was a 33.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nathan Blecharczyk sold 2,246 shares of the company's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $125.20, for a total value of $281,199.20. Following the transaction, the insider owned 182,514 shares of the company's stock, valued at approximately $22,850,752.80. This trade represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,431,476 shares of company stock valued at $182,776,618. 27.83% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ABNB has been the subject of a number of research reports. Royal Bank Of Canada raised their price objective on Airbnb from $140.00 to $145.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. BNP Paribas upgraded Airbnb to a "hold" rating in a research report on Wednesday, July 16th. Jefferies Financial Group decreased their price objective on Airbnb from $165.00 to $160.00 and set a "buy" rating for the company in a research report on Monday, August 11th. Wedbush decreased their price objective on Airbnb from $135.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Finally, Phillip Securities upgraded Airbnb from a "moderate sell" rating to a "hold" rating in a research report on Friday, August 8th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $141.81.

Airbnb Stock Down 1.0%

Shares of NASDAQ ABNB opened at $120.22 on Monday. 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 $74.71 billion, a P/E ratio of 29.11, a P/E/G ratio of 2.19 and a beta of 1.10. The business's 50 day moving average is $125.86 and its two-hundred day moving average is $127.59.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.11. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period in the previous year, the company earned $0.86 earnings per share. The company's quarterly revenue was up 12.7% compared to the same quarter last year. Sell-side analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

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.

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