Regatta Capital Group LLC Has $2.83 Million Holdings in Airbnb, Inc. $ABNB

Key Points

• Regatta Capital Group LLC increased its holdings in Airbnb, Inc. by 13.9% in the second quarter, reaching a total value of $2.83 million.
• A significant 80.76% of Airbnb's stock is owned by institutional investors and hedge funds, indicating strong institutional interest in the company.
• Airbnb reported an EPS of $1.03 for the last quarter, surpassing analysts' expectations and showing a 12.7% year-over-year revenue increase.

Regatta Capital Group LLC lifted its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 13.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,397 shares of the company's stock after acquiring an additional 2,608 shares during the quarter. Regatta Capital Group LLC's holdings in Airbnb were worth $2,832,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ABNB. Kentucky Trust Co bought a new position in Airbnb in the 2nd quarter worth approximately $25,000. Park Square Financial Group LLC bought a new position in Airbnb in the 4th quarter worth approximately $26,000. Stonebridge Financial Group LLC raised its position in Airbnb by 75.7% in the 1st 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 last quarter. Armstrong Advisory Group Inc. raised its position in Airbnb by 363.6% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company's stock worth $34,000 after purchasing an additional 200 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC raised its position in shares of Airbnb by 209.6% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock valued at $31,000 after acquiring an additional 174 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Trading Down 0.3%

Shares of NASDAQ ABNB opened at $123.08 on Thursday. The firm has a market cap of $76.49 billion, a PE ratio of 29.80, a PEG ratio of 2.25 and a beta of 1.13. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93. The company has a fifty day moving average price of $128.36 and a 200 day moving average price of $127.73.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $1.03 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $3.02 billion. During the same period in the prior year, the business posted $0.86 EPS. The company's quarterly revenue was up 12.7% on a year-over-year basis. Equities research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on ABNB. Royal Bank Of Canada upped their target price on shares of Airbnb from $140.00 to $145.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. BMO Capital Markets set a $124.00 target price on shares of Airbnb and gave the company a "market perform" rating in a research report on Thursday, August 7th. Zacks Research upgraded shares of Airbnb to a "hold" rating in a research report on Tuesday, August 12th. Citizens Jmp upgraded shares of Airbnb to a "hold" rating in a research report on Monday, August 11th. Finally, BTIG Research reiterated a "neutral" rating on shares of Airbnb in a research report on Wednesday, May 28th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nineteen have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $141.19.

Insider Buying and Selling at Airbnb

In other news, insider Nathan Blecharczyk sold 2,246 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $125.20, for a total transaction of $281,199.20. Following the completion of the transaction, the insider directly owned 182,514 shares in the company, valued at $22,850,752.80. This represents a 1.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO David C. Bernstein sold 5,000 shares of the stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $142.00, for a total transaction of $710,000.00. Following the transaction, the chief accounting officer 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. In the last quarter, insiders have sold 1,437,726 shares of company stock valued at $186,661,639. Corporate insiders own 27.91% of the company's stock.

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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