Timber Creek Capital Management LLC Takes Position in Airbnb, Inc. $ABNB

Key Points

• Timber Creek Capital Management LLC opened a new position in Airbnb in Q4, acquiring 36,172 shares valued at approximately $4.91 million according to its latest Form 13F filing.
• Airbnb's Q4 results showed EPS of $0.56, missing the $0.66 consensus, while revenue of $2.78 billion beat expectations and was up 12.9% year-over-year.
• Insiders sold 363,510 shares worth $46.45 million in the last quarter (including sales by the CFO and Joseph Gebbia); insiders now own 27.91% and institutions own 80.76% of the stock, while analysts' consensus is a "Hold" with a $149.40 target.

Timber Creek Capital Management LLC acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 36,172 shares of the company's stock, valued at approximately $4,909,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. increased its position in shares of Airbnb by 11.6% in the 4th quarter. Assetmark Inc. now owns 150,877 shares of the company's stock valued at $20,477,000 after purchasing an additional 15,641 shares during the last quarter. Cambiar Investors LLC grew its stake in shares of Airbnb by 1.0% during the fourth quarter. Cambiar Investors LLC now owns 386,311 shares of the company's stock worth $52,430,000 after purchasing an additional 3,949 shares in the last quarter. Greenup Street Wealth Management LLC acquired a new position in shares of Airbnb during the fourth quarter worth $1,401,000. Robeco Institutional Asset Management B.V. increased its holdings in Airbnb by 13.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 919,764 shares of the company's stock valued at $124,830,000 after buying an additional 109,029 shares during the last quarter. Finally, Howard Capital Management Inc. increased its holdings in Airbnb by 2.3% in the fourth quarter. Howard Capital Management Inc. now owns 12,024 shares of the company's stock valued at $1,632,000 after buying an additional 270 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Airbnb Stock Performance

Airbnb stock opened at $130.32 on Tuesday. The company has a market capitalization of $79.33 billion, a P/E ratio of 32.26, a PEG ratio of 1.58 and a beta of 1.15. Airbnb, Inc. has a fifty-two week low of $109.79 and a fifty-two week high of $143.88. The stock has a 50-day simple moving average of $127.70 and a 200-day simple moving average of $127.17.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.10). Airbnb had a return on equity of 30.88% and a net margin of 20.51%.The firm had revenue of $2.78 billion for the quarter, compared to analysts' expectations of $2.71 billion. During the same quarter in the prior year, the business earned $0.73 EPS. The company's quarterly revenue was up 12.9% compared to the same quarter last year. As a group, analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Activity at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 3,750 shares of Airbnb stock in a transaction that occurred on Wednesday, April 8th. The stock was sold at an average price of $130.99, for a total value of $491,212.50. Following the transaction, the chief financial officer directly owned 394,359 shares in the company, valued at approximately $51,657,085.41. This trade represents a 0.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joseph Gebbia sold 58,000 shares of the firm's stock in a transaction on Monday, January 26th. The stock was sold at an average price of $133.28, for a total transaction of $7,730,240.00. Following the completion of the sale, the director owned 460,015 shares of the company's stock, valued at $61,310,799.20. This trade represents a 11.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 363,510 shares of company stock worth $46,447,668 in the last quarter. Company insiders own 27.91% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Benchmark decreased their price target on Airbnb from $155.00 to $145.00 and set a "buy" rating for the company in a report on Friday, February 13th. Cantor Fitzgerald set a $121.00 price objective on Airbnb in a report on Friday, February 13th. Tigress Financial cut their target price on Airbnb from $200.00 to $185.00 and set a "buy" rating on the stock in a research report on Wednesday, April 8th. TD Cowen boosted their target price on Airbnb from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Friday, February 13th. Finally, Sanford C. Bernstein lowered their price target on Airbnb from $165.00 to $162.00 and set an "outperform" rating for the company in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $149.40.

Airbnb Company Profile

Airbnb, Inc NASDAQ: ABNB operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company's core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.

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