Capital Impact Advisors LLC Makes New Investment in Airbnb, Inc. $ABNB

Key Points

• Capital Impact Advisors LLC invested approximately $9.7 million in Airbnb, Inc., purchasing 80,892 shares, which constitutes around 3.7% of their portfolio.
• Several other institutional investors have also increased their stakes in Airbnb, with a total of 80.76% of the company's stock now owned by such entities.
• Airbnb's director Joseph Gebbia sold 236,000 shares worth over $30 million, reducing his position by 14.32%, as indicated by SEC filings.

Capital Impact Advisors LLC bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 80,892 shares of the company's stock, valued at approximately $9,663,000. Airbnb comprises about 3.7% of Capital Impact Advisors LLC's portfolio, making the stock its 9th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Park Square Financial Group LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at $26,000. Orion Capital Management LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at $28,000. Stonebridge Financial Group LLC grew its stake in shares of Airbnb by 75.7% in the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock valued at $29,000 after buying an additional 106 shares in the last quarter. Bartlett & CO. Wealth Management LLC grew its stake in shares of Airbnb by 209.6% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock valued at $31,000 after buying an additional 174 shares in the last quarter. Finally, SouthState Corp grew its stake in shares of Airbnb by 216.1% in the first quarter. SouthState Corp now owns 294 shares of the company's stock valued at $35,000 after buying an additional 201 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Insider Activity at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $127.53, for a total transaction of $30,097,080.00. Following the completion of the sale, the director directly owned 1,412,015 shares of the company's stock, valued at $180,074,272.95. The trade was a 14.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $124.96, for a total value of $74,976.00. Following the sale, the chief technology officer directly owned 202,006 shares of the company's stock, valued at $25,242,669.76. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,438,926 shares of company stock worth $188,880,433 over the last three months. Company insiders own 27.83% of the company's stock.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $123.81 on Wednesday. The company has a market capitalization of $76.94 billion, a price-to-earnings ratio of 29.98, a price-to-earnings-growth ratio of 2.27 and a beta of 1.13. The business has a 50-day moving average of $131.25 and a two-hundred day moving average of $128.92. Airbnb, Inc. has a 1 year low of $99.88 and a 1 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 (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 32.19% and a net margin of 22.67%.Airbnb's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 EPS. As a group, equities research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ABNB. Zacks Research raised Airbnb to a "hold" rating in a research note on Tuesday, August 12th. UBS Group dropped their price objective on Airbnb from $156.00 to $148.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. BNP Paribas raised Airbnb to a "hold" rating in a research note on Wednesday, July 16th. Needham & Company LLC reaffirmed a "hold" rating on shares of Airbnb in a research note on Wednesday, May 14th. Finally, JPMorgan Chase & Co. lifted their price objective on Airbnb from $120.00 to $130.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nineteen have given a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $142.66.

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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