Hudson Value Partners LLC Takes Position in Airbnb, Inc. $ABNB

Key Points

• Hudson Value Partners LLC acquired a new stake in Airbnb, purchasing 3,711 shares valued at approximately $491,000 during the second quarter.
• Airbnb's recent quarterly earnings showed a profit of $1.03 per share, beating analysts' expectations of $0.92, alongside a revenue increase of 12.7% compared to the previous year.
• Institutional investors own about 80.76% of Airbnb’s shares, indicating strong interest and confidence in the company's stock.

Hudson Value Partners LLC bought a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,711 shares of the company's stock, valued at approximately $491,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. First Pacific Financial acquired a new stake in shares of Airbnb in the 2nd quarter valued at $145,000. Trust Co. of Vermont boosted its stake in shares of Airbnb by 13.5% in the 2nd quarter. Trust Co. of Vermont now owns 2,892 shares of the company's stock valued at $383,000 after purchasing an additional 343 shares in the last quarter. Impact Capital Partners LLC boosted its stake in shares of Airbnb by 8.0% in the 2nd quarter. Impact Capital Partners LLC now owns 2,811 shares of the company's stock valued at $372,000 after purchasing an additional 209 shares in the last quarter. LBP AM SA boosted its stake in shares of Airbnb by 338.6% in the 2nd quarter. LBP AM SA now owns 102,158 shares of the company's stock valued at $13,520,000 after purchasing an additional 78,865 shares in the last quarter. Finally, Bourgeon Capital Management LLC acquired a new stake in shares of Airbnb in the 2nd quarter valued at $419,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Airbnb Trading Up 0.7%

Shares of NASDAQ:ABNB opened at $122.32 on Thursday. The stock has a market capitalization of $76.01 billion, a P/E ratio of 29.62, a P/E/G ratio of 2.22 and a beta of 1.10. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93. The business has a 50-day moving average price of $126.68 and a two-hundred day moving average price of $127.63.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $1.03 earnings per share 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 analysts' expectations of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The company's quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.86 EPS. As a group, equities analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. BNP Paribas upgraded shares of Airbnb to a "hold" rating in a research note on Wednesday, July 16th. Morgan Stanley cut their price target on Airbnb from $130.00 to $120.00 and set an "underweight" rating for the company in a report on Thursday, August 7th. Royal Bank Of Canada lifted their price target on Airbnb from $140.00 to $145.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. Truist Financial cut their price target on Airbnb from $106.00 to $104.00 and set a "sell" rating for the company in a report on Wednesday, September 3rd. Finally, UBS Group cut their price target on Airbnb from $156.00 to $148.00 and set a "neutral" rating for the company in a report on Thursday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eighteen have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $141.81.

Insider Buying and Selling

In other news, CTO Aristotle N. Balogh sold 600 shares of the company's stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $122.91, for a total value of $73,746.00. Following the completion of the sale, the chief technology officer directly owned 199,006 shares of the company's stock, valued at $24,459,827.46. This represents a 0.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nathan Blecharczyk sold 2,246 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $125.20, for a total value of $281,199.20. Following the completion of the sale, the insider directly 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. In the last quarter, insiders sold 1,673,726 shares of company stock valued at $215,816,143. Insiders own 27.91% of the company's stock.

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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