Hamilton Lane Advisors LLC Invests $1.94 Million in Airbnb, Inc. $ABNB

Key Points

• Hamilton Lane Advisors LLC invested approximately $1.94 million in Airbnb, acquiring 14,690 shares, making it the firm's 7th biggest holding.
• Institutional investors and hedge funds control 80.76% of Airbnb's stock, highlighting significant institutional interest in the company.
• Analysts have mixed ratings on Airbnb, with a consensus rating of "Hold" and a target price of $141.68, while two analysts rated it a Strong Buy.

Hamilton Lane Advisors LLC purchased a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,690 shares of the company's stock, valued at approximately $1,944,000. Airbnb makes up approximately 1.4% of Hamilton Lane Advisors LLC's holdings, making the stock its 7th biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Park Square Financial Group LLC acquired a new position in Airbnb in the fourth quarter worth $26,000. Orion Capital Management LLC acquired a new position in Airbnb in the fourth quarter worth $28,000. Stonebridge Financial Group LLC boosted its holdings in Airbnb by 75.7% in the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock worth $29,000 after purchasing an additional 106 shares during the period. Bartlett & CO. Wealth Management LLC boosted its holdings in Airbnb by 209.6% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock worth $31,000 after purchasing an additional 174 shares during the period. Finally, SouthState Corp boosted its holdings in Airbnb by 216.1% in the first quarter. SouthState Corp now owns 294 shares of the company's stock worth $35,000 after purchasing an additional 201 shares during the period. Institutional investors and hedge funds own 80.76% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on ABNB shares. BTIG Research reaffirmed a "neutral" rating on shares of Airbnb in a report on Wednesday, May 28th. Citizens Jmp raised shares of Airbnb to a "hold" rating in a report on Monday, August 11th. JPMorgan Chase & Co. lifted their price objective on shares of Airbnb from $120.00 to $130.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. BNP Paribas raised shares of Airbnb to a "hold" rating in a report on Wednesday, July 16th. Finally, Wells Fargo & Company set a $110.00 target price on Airbnb and gave the company an "underweight" rating in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nineteen have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, Airbnb presently has a consensus rating of "Hold" and a consensus price target of $141.68.

Insiders Place Their Bets

In related news, CTO Aristotle N. Balogh sold 600 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $124.96, for a total value of $74,976.00. Following the completion of the sale, the chief technology officer owned 202,006 shares of the company's stock, valued at $25,242,669.76. This represents a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Elinor Mertz sold 4,630 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $128.42, for a total transaction of $594,584.60. Following the completion of the sale, the chief financial officer directly owned 444,070 shares of the company's stock, valued at $57,027,469.40. The trade was a 1.03% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,438,326 shares of company stock valued at $188,798,155. Corporate insiders own 27.91% of the company's stock.

Airbnb Stock Performance

Airbnb stock opened at $122.55 on Friday. The company has a 50-day simple moving average of $130.46 and a 200-day simple moving average of $128.61. The firm has a market capitalization of $76.16 billion, a P/E ratio of 29.67, a P/E/G ratio of 2.25 and a beta of 1.13. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93.

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