Airbnb, Inc. $ABNB Holdings Lowered by Mission Creek Capital Partners Inc.

Key Points

• Mission Creek Capital Partners Inc. has reduced its holdings in Airbnb, Inc. by 21.5%, now owning 7,382 shares valued at $882,000 as of the most recent quarter.
• Another institutional investor, Sit Investment Associates Inc., increased its stake in Airbnb by 42.8%, owning 16,870 shares valued at approximately $2,015,000.
• Despite a solid quarterly performance with an EPS of $1.03, Airbnb's stock has a consensus rating of "Hold" with a target price averaging $142.72.

Mission Creek Capital Partners Inc. lowered its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 21.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,382 shares of the company's stock after selling 2,021 shares during the period. Mission Creek Capital Partners Inc.'s holdings in Airbnb were worth $882,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in ABNB. Coldstream Capital Management Inc. increased its position in shares of Airbnb by 3.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,490 shares of the company's stock worth $327,000 after acquiring an additional 91 shares in the last quarter. Northern Trust Corp increased its position in shares of Airbnb by 8.4% in the fourth quarter. Northern Trust Corp now owns 4,296,835 shares of the company's stock worth $564,647,000 after acquiring an additional 331,607 shares in the last quarter. Utah Retirement Systems increased its position in shares of Airbnb by 0.3% in the fourth quarter. Utah Retirement Systems now owns 60,100 shares of the company's stock worth $7,898,000 after acquiring an additional 200 shares in the last quarter. Comerica Bank increased its position in shares of Airbnb by 10.2% in the fourth quarter. Comerica Bank now owns 93,890 shares of the company's stock worth $12,338,000 after acquiring an additional 8,719 shares in the last quarter. Finally, Davidson Kahn Capital Management LLC acquired a new stake in shares of Airbnb in the fourth quarter worth $936,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Phillip Securities raised shares of Airbnb from a "moderate sell" rating to a "hold" rating in a research report on Friday, August 8th. BMO Capital Markets set a $124.00 target price on shares of Airbnb and gave the company a "market perform" rating in a research note on Thursday, August 7th. Needham & Company LLC reaffirmed a "hold" rating on shares of Airbnb in a report on Wednesday, May 14th. Royal Bank Of Canada raised their price target on shares of Airbnb from $140.00 to $145.00 and gave the company a "sector perform" rating in a report on Thursday, August 7th. Finally, Zacks Research raised shares of Airbnb to a "hold" rating in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nineteen have issued a Hold rating and five have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $142.72.

Insider Buying and Selling at Airbnb

In related news, insider Nathan Blecharczyk sold 2,246 shares of Airbnb 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 sale, the insider directly owned 182,514 shares in the company, valued at $22,850,752.80. This trade represents a 1.22% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO David C. Bernstein sold 5,000 shares of Airbnb stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $142.00, for a total transaction of $710,000.00. Following the completion of the sale, the chief accounting officer owned 42,619 shares in the company, 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. In the last quarter, insiders have sold 1,440,546 shares of company stock valued at $191,913,918. Corporate insiders own 27.83% of the company's stock.

Airbnb Trading Down 2.8%

ABNB stock traded down $3.69 during mid-day trading on Tuesday, hitting $126.84. 1,675,896 shares of the company were exchanged, compared to its average volume of 5,221,024. The company has a market capitalization of $78.83 billion, a PE ratio of 30.71, a price-to-earnings-growth ratio of 2.38 and a beta of 1.13. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The firm has a fifty day simple moving average of $132.20 and a 200 day simple moving average of $130.04.

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. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the business earned $0.86 EPS. The firm's revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, sell-side analysts anticipate 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.