Roberts Capital Advisors LLC Acquires Shares of 4,521 Airbnb, Inc. (NASDAQ:ABNB)

Key Points

• Roberts Capital Advisors LLC has acquired 4,521 shares of Airbnb, Inc., totaling approximately $540,000, as per their recent SEC filing.
• Institutional investors and hedge funds collectively own 80.76% of Airbnb's stock, with significant recent increases in holdings from firms like Principal Financial Group and Northern Trust Corp.
• Airbnb's stock performance shows a 52-week high of $163.93 and a current P/E ratio of 30.29, with analysts predicting an EPS of 4.31 for the current fiscal year.

Roberts Capital Advisors LLC acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 4,521 shares of the company's stock, valued at approximately $540,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Airbnb by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 37,462,629 shares of the company's stock valued at $4,475,286,000 after acquiring an additional 604,120 shares in the last quarter. Northern Trust Corp increased its position in Airbnb by 8.4% in the 4th quarter. Northern Trust Corp now owns 4,296,835 shares of the company's stock valued at $564,647,000 after acquiring an additional 331,607 shares in the last quarter. Principal Financial Group Inc. increased its position in Airbnb by 74.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,255,682 shares of the company's stock valued at $388,924,000 after acquiring an additional 1,389,251 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of Airbnb by 512.0% in the 4th quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company's stock valued at $404,782,000 after purchasing an additional 2,577,000 shares during the last quarter. Finally, Akre Capital Management LLC boosted its stake in shares of Airbnb by 10.1% in the 1st quarter. Akre Capital Management LLC now owns 2,917,733 shares of the company's stock valued at $348,552,000 after purchasing an additional 268,335 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Airbnb Stock Performance

NASDAQ:ABNB opened at $125.10 on Friday. The stock's 50-day simple moving average is $133.76 and its 200 day simple moving average is $130.71. The company has a market cap of $77.74 billion, a P/E ratio of 30.29, a P/E/G ratio of 2.28 and a beta of 1.13. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93.

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

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Cantor Fitzgerald reaffirmed an "underweight" rating and issued a $100.00 target price on shares of Airbnb in a research note on Wednesday, May 14th. Zacks Research raised shares of Airbnb to a "hold" rating in a research note on Tuesday. Barclays set a $105.00 target price on shares of Airbnb and gave the company an "underweight" rating in a research note on Thursday, August 7th. Benchmark reduced their target price on shares of Airbnb from $178.00 to $155.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, Evercore ISI reduced their target price on shares of Airbnb from $165.00 to $145.00 and set an "in-line" rating on the stock in a research note on Friday, May 2nd. Five research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $142.72.

Insider Buying and Selling

In related news, CAO David C. Bernstein sold 5,000 shares of Airbnb stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $142.00, for a total value of $710,000.00. Following the sale, the chief accounting officer owned 42,619 shares of the company's stock, valued at approximately $6,051,898. The trade was a 10.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of the business's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $135.86, for a total value of $849,125.00. Following the transaction, the chief financial officer directly owned 461,361 shares in the company, valued at approximately $62,680,505.46. This trade represents a 1.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,671,023 shares of company stock worth $223,195,427 in the last three months. 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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