Voleon Capital Management LP Makes New $334,000 Investment in Airbnb, Inc. $ABNB

Key Points

• Voleon Capital Management LP has invested approximately $334,000 in Airbnb, Inc. by purchasing 2,793 shares, according to a recent SEC filing.
• Insiders at Airbnb sold a total of 1,438,926 shares valued at $188.88 million in the last quarter, with insiders owning 27.83% of the company's stock.
• Airbnb's stock recently opened at $123.81, with the company reporting a 12.7% increase in revenue year-over-year, alongside strong earnings of $1.03 per share.

Voleon Capital Management LP bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,793 shares of the company's stock, valued at approximately $334,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ABNB. Dynamic Technology Lab Private Ltd purchased a new position in Airbnb during the first quarter worth approximately $1,609,000. UniSuper Management Pty Ltd boosted its position in Airbnb by 4.6% during the first quarter. UniSuper Management Pty Ltd now owns 34,159 shares of the company's stock worth $4,081,000 after purchasing an additional 1,500 shares in the last quarter. Shellback Capital LP purchased a new position in Airbnb during the first quarter worth approximately $11,946,000. Petrus Trust Company LTA boosted its position in Airbnb by 31.2% during the first quarter. Petrus Trust Company LTA now owns 6,301 shares of the company's stock worth $753,000 after purchasing an additional 1,499 shares in the last quarter. Finally, Nightview Capital LLC purchased a new position in Airbnb during the first quarter worth approximately $6,114,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Down 0.4%

Shares of NASDAQ ABNB traded down $0.50 during midday trading on Friday, hitting $122.55. The stock had a trading volume of 5,262,734 shares, compared to its average volume of 4,107,296. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The company has a market capitalization of $76.16 billion, a PE ratio of 29.67, a P/E/G ratio of 2.25 and a beta of 1.13. The stock has a 50 day simple moving average of $130.46 and a 200-day simple moving average of $128.50.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced 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 return on equity of 32.19% and a net margin of 22.67%.The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter last year, the business posted $0.86 earnings per share. The firm's revenue was up 12.7% compared to the same quarter last year. As a group, analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Royal Bank Of Canada increased their price target on Airbnb from $140.00 to $145.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Zacks Research upgraded Airbnb to a "hold" rating in a research report on Tuesday, August 12th. BNP Paribas upgraded Airbnb to a "hold" rating in a research report on Wednesday, July 16th. BMO Capital Markets set a $124.00 target price on Airbnb and gave the company a "market perform" rating in a research report on Thursday, August 7th. Finally, Barclays set a $105.00 target price on Airbnb and gave the company an "underweight" rating in a research report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $141.68.

Insider Buying and Selling

In related news, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $129.46, for a total transaction of $30,552,560.00. Following the transaction, the director owned 944,015 shares in the company, valued at approximately $122,212,181.90. This trade represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nathan Blecharczyk sold 2,246 shares of Airbnb stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $125.20, for a total value of $281,199.20. Following the transaction, the insider owned 182,514 shares in the company, valued at approximately $22,850,752.80. The trade was a 1.22% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,438,326 shares of company stock worth $188,798,155. 27.91% of the stock is owned by corporate insiders.

Airbnb Company 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.