Davidson Kahn Capital Management LLC Acquires 6,074 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Davidson Kahn Capital Management LLC raised its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 85.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,198 shares of the company's stock after buying an additional 6,074 shares during the period. Airbnb comprises about 1.2% of Davidson Kahn Capital Management LLC's investment portfolio, making the stock its 28th biggest holding. Davidson Kahn Capital Management LLC's holdings in Airbnb were worth $1,577,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of ABNB. Global Retirement Partners LLC increased its stake in shares of Airbnb by 19.8% during the 4th quarter. Global Retirement Partners LLC now owns 2,128 shares of the company's stock worth $280,000 after purchasing an additional 351 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in Airbnb by 4.6% during the fourth quarter. Concurrent Investment Advisors LLC now owns 5,585 shares of the company's stock valued at $734,000 after buying an additional 247 shares in the last quarter. TCW Group Inc. acquired a new position in shares of Airbnb during the 4th quarter valued at about $1,816,000. Howard Capital Management Inc. increased its holdings in shares of Airbnb by 3.0% during the 4th quarter. Howard Capital Management Inc. now owns 12,183 shares of the company's stock valued at $1,601,000 after acquiring an additional 352 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Airbnb by 7.4% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 81,600 shares of the company's stock valued at $10,723,000 after acquiring an additional 5,600 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Performance

Shares of ABNB stock traded down $2.48 during trading hours on Wednesday, hitting $129.67. The company had a trading volume of 3,763,494 shares, compared to its average volume of 5,023,582. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The firm's fifty day moving average is $128.80 and its 200 day moving average is $130.50. The firm has a market capitalization of $81.23 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 2.44 and a beta of 1.14.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced 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). The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. Airbnb had a net margin of 22.60% and a return on equity of 30.91%. The business's revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company earned $0.41 earnings per share. On average, sell-side analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Activity

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $128.66, for a total value of $30,363,760.00. Following the transaction, the director now directly owns 1,416,015 shares in the company, valued at approximately $182,184,489.90. This trade represents a 14.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $119.67, for a total value of $83,769.00. Following the completion of the sale, the chief technology officer now directly owns 170,019 shares of the company's stock, valued at $20,346,173.73. This trade represents a 0.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,646,087 shares of company stock worth $206,326,144. 27.83% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on ABNB. Needham & Company LLC reiterated a "hold" rating on shares of Airbnb in a report on Wednesday, May 14th. Susquehanna decreased their price target on shares of Airbnb from $200.00 to $150.00 and set a "positive" rating for the company in a report on Monday, May 5th. Citigroup lowered their price target on Airbnb from $170.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Robert W. Baird cut their price objective on Airbnb from $175.00 to $160.00 and set an "outperform" rating for the company in a research report on Tuesday, March 25th. Finally, Canaccord Genuity Group decreased their target price on Airbnb from $190.00 to $180.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $141.23.

Airbnb Company 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.