Sivia Capital Partners LLC Buys 8,201 Shares of Airbnb, Inc. $ABNB

Sivia Capital Partners LLC raised its stake in Airbnb, Inc. (NASDAQ:ABNB) by 161.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,265 shares of the company’s stock after purchasing an additional 8,201 shares during the period. Sivia Capital Partners LLC’s holdings in Airbnb were worth $1,800,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd bought a new stake in Airbnb in the third quarter valued at $25,000. ORG Partners LLC increased its stake in Airbnb by 97.0% in the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after purchasing an additional 96 shares in the last quarter. Entrust Financial LLC bought a new stake in Airbnb in the fourth quarter valued at $27,000. Sunbelt Securities Inc. increased its stake in Airbnb by 397.7% in the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares in the last quarter. Finally, Wiser Advisor Group LLC bought a new stake in Airbnb in the third quarter valued at $27,000. 80.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Nathan Blecharczyk sold 60,136 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $145.70, for a total transaction of $8,761,815.20. Following the transaction, the insider directly owned 11,920 shares in the company, valued at approximately $1,736,744. The trade was a 83.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Chesky sold 265,746 shares of the business’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $132.22, for a total transaction of $35,136,936.12. Following the transaction, the chief executive officer owned 11,206,389 shares in the company, valued at approximately $1,481,708,753.58. This trade represents a 2.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,542,173 shares of company stock worth $208,123,290. 27.21% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ABNB has been the subject of several research analyst reports. Robert W. Baird set a $150.00 price target on shares of Airbnb in a research note on Friday, May 8th. Truist Financial raised shares of Airbnb from a “sell” rating to a “hold” rating and boosted their target price for the stock from $107.00 to $129.00 in a research report on Thursday, March 26th. Citizens Jmp boosted their target price on shares of Airbnb from $160.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Friday, May 8th. Cantor Fitzgerald raised shares of Airbnb from a “neutral” rating to an “overweight” rating in a research report on Monday, May 4th. Finally, Barclays boosted their target price on shares of Airbnb from $122.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $157.67.

Airbnb News Roundup

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Brokerages currently rate Airbnb at an average of “Moderate Buy,” suggesting Wall Street remains broadly constructive on the company’s outlook. Airbnb, Inc. (NASDAQ:ABNB) Given Average Rating of “Moderate Buy” by Brokerages
• Neutral Sentiment: Airbnb has underperformed the S&P 500 over the past year, but analysts are still cautiously optimistic about the stock’s longer-term prospects. Is Airbnb Stock Underperforming the S&P 500?
• Negative Sentiment: Director Joseph Gebbia sold 265,000 shares, trimming his position by 7.69%, while CEO Brian Chesky made multiple sales totaling more than 120,000 shares, reinforcing concerns that insiders may see limited near-term upside. SEC filing for Joseph Gebbia sale SEC filing for Brian Chesky sales

Airbnb Trading Down 0.6%

NASDAQ:ABNB opened at $133.59 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a 50-day moving average of $134.21 and a 200-day moving average of $130.55. The company has a market cap of $80.52 billion, a PE ratio of 32.90, a PEG ratio of 1.44 and a beta of 1.16. Airbnb, Inc. has a one year low of $110.81 and a one year high of $147.25.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The company’s revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 earnings per share. As a group, equities research analysts expect that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

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.