Airbnb, Inc. $ABNB is Geo Capital Gestora de Recursos Ltd's 4th Largest Position

Key Points

• Geo Capital Gestora de Recursos Ltd has reduced its stock holdings in Airbnb by 8.3%, leaving it with 43,950 shares, valued at approximately $5.25 million.
• Several institutional investors have increased their positions in Airbnb, with MJP Associates and Harbour Investments raising their stakes by 1.8% and 12.2%, respectively.
• Insider selling activity is notable, with 1.45 million shares sold by Airbnb insiders in the last 90 days, including significant sales by the CAO and CFO.

Geo Capital Gestora de Recursos Ltd decreased its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 8.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,950 shares of the company's stock after selling 3,960 shares during the quarter. Airbnb accounts for approximately 7.3% of Geo Capital Gestora de Recursos Ltd's holdings, making the stock its 4th largest position. Geo Capital Gestora de Recursos Ltd's holdings in Airbnb were worth $5,250,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Groupama Asset Managment bought a new position in shares of Airbnb in the first quarter worth $297,000. Texas Capital Bank Wealth Management Services Inc bought a new position in Airbnb during the first quarter valued at about $573,000. Financial Advisors Network Inc. boosted its stake in Airbnb by 144.4% during the first quarter. Financial Advisors Network Inc. now owns 49,826 shares of the company's stock valued at $5,952,000 after buying an additional 29,442 shares in the last quarter. Alpha Family Trust boosted its stake in Airbnb by 120.5% during the first quarter. Alpha Family Trust now owns 3,395 shares of the company's stock valued at $406,000 after buying an additional 1,855 shares in the last quarter. Finally, Aptus Capital Advisors LLC boosted its stake in Airbnb by 25.3% during the first quarter. Aptus Capital Advisors LLC now owns 5,433 shares of the company's stock valued at $649,000 after buying an additional 1,097 shares in the last quarter. Institutional investors own 80.76% of the company's stock.

Insider Transactions at Airbnb

In other news, CFO Elinor Mertz sold 6,250 shares of the firm's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $135.86, for a total transaction of $849,125.00. Following the completion of the sale, the chief financial officer directly owned 461,361 shares of the company's stock, valued at $62,680,505.46. This trade represents a 1.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO David C. Bernstein sold 5,000 shares of the firm's stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $142.00, for a total value of $710,000.00. Following the sale, the chief accounting officer directly owned 42,619 shares of the company's stock, valued at $6,051,898. This trade represents a 10.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,692,739 shares of company stock worth $224,363,640. 27.91% of the stock is currently owned by company insiders.

Airbnb Price Performance

Airbnb stock traded up $3.49 during mid-day trading on Friday, hitting $129.92. The company's stock had a trading volume of 4,561,026 shares, compared to its average volume of 5,640,455. The firm's 50 day moving average is $132.62 and its 200 day moving average is $130.55. The company has a market cap of $80.74 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 2.31 and a beta of 1.13. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11. The firm 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%.The business's revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 EPS. As a group, analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ABNB shares. Benchmark decreased their target price on Airbnb from $178.00 to $155.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Wedbush decreased their target price on Airbnb from $135.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. UBS Group decreased their target price on Airbnb from $156.00 to $148.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Evercore ISI decreased their target price on Airbnb from $165.00 to $145.00 and set an "in-line" rating for the company in a research note on Friday, May 2nd. Finally, Susquehanna reduced their target price on Airbnb from $200.00 to $150.00 and set a "positive" rating for the company in a report on Monday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nineteen have given a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat, Airbnb presently has a consensus rating of "Hold" and a consensus target price of $142.72.

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.