Jump Financial LLC Purchases 27,956 Shares of Airbnb, Inc. $ABNB

Key Points

• Jump Financial LLC increased its holdings in Airbnb, Inc. by 193.6% in Q1, acquiring an additional 27,956 shares, bringing total ownership to 42,397 shares valued at approximately $5.07 million.
• Insider selling included CAO David C. Bernstein, who sold 5,000 shares for $710,000, resulting in a 10.5% decrease in his position, while total insider sales over the last ninety days amounted to $224.4 million.
• Wall Street analysts remain mixed on Airbnb's outlook, with a consensus rating of "Hold" and a price target of $142.72, indicating cautious optimism following recent earnings reports that exceeded expectations.

Jump Financial LLC boosted its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 193.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,397 shares of the company's stock after purchasing an additional 27,956 shares during the quarter. Jump Financial LLC's holdings in Airbnb were worth $5,065,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ABNB. MJP Associates Inc. ADV raised its position in shares of Airbnb by 1.8% during the 4th quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock worth $490,000 after buying an additional 67 shares in the last quarter. Ellevest Inc. raised its position in shares of Airbnb by 3.1% during the 4th quarter. Ellevest Inc. now owns 2,655 shares of the company's stock worth $349,000 after buying an additional 80 shares in the last quarter. Harbour Investments Inc. raised its position in shares of Airbnb by 12.2% during the 1st quarter. Harbour Investments Inc. now owns 738 shares of the company's stock worth $88,000 after buying an additional 80 shares in the last quarter. Koshinski Asset Management Inc. raised its position in shares of Airbnb by 4.4% during the 1st quarter. Koshinski Asset Management Inc. now owns 1,984 shares of the company's stock worth $237,000 after buying an additional 83 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its position in shares of Airbnb by 3.8% during the 4th quarter. Coldstream Capital Management Inc. now owns 2,490 shares of the company's stock worth $327,000 after buying an additional 91 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Airbnb Stock Up 0.5%

Shares of ABNB traded up $0.61 during mid-day trading on Thursday, hitting $130.46. 3,655,399 shares of the company's stock were exchanged, compared to its average volume of 5,781,291. The firm has a fifty day moving average of $132.23 and a two-hundred day moving average of $130.43. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The stock has a market cap of $81.07 billion, a price-to-earnings ratio of 31.59, a P/E/G ratio of 2.37 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced 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. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The company had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the prior year, the business posted $0.86 EPS. Airbnb's quarterly revenue was up 12.7% on a year-over-year basis. On average, equities analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on ABNB shares. BNP Paribas upgraded shares of Airbnb to a "hold" rating in a research report on Wednesday, July 16th. Royal Bank Of Canada lifted their price objective on shares of Airbnb from $140.00 to $145.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 7th. Phillip Securities raised shares of Airbnb from a "moderate sell" rating to a "hold" rating in a research note on Friday, August 8th. Citigroup lowered their price objective on shares of Airbnb from $170.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Finally, Wedbush lowered their price objective on shares of Airbnb from $135.00 to $130.00 and set a "neutral" rating on the stock in a research note on Thursday, August 7th. Two 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 MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $142.72.

Insider Transactions at Airbnb

In related news, Director Joseph Gebbia sold 236,000 shares of the company's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $129.46, for a total transaction of $30,552,560.00. Following the completion of the sale, the director directly owned 944,015 shares of the company's stock, valued at approximately $122,212,181.90. This represents a 20.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO David C. Bernstein sold 5,000 shares of the company's stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $142.00, for a total transaction of $710,000.00. Following the sale, the chief accounting officer directly owned 42,619 shares of the company's stock, valued at approximately $6,051,898. This represents a 10.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,445,355 shares of company stock worth $192,533,558 in the last 90 days. 27.91% of the stock is owned by insiders.

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.