Alamar Capital Management LLC Invests $2.53 Million in Airbnb, Inc. $ABNB

Alamar Capital Management LLC bought a new position in Airbnb, Inc. (NASDAQ:ABNB) during the first quarter, according to its most recent filing with the SEC. The firm bought 20,040 shares of the company’s stock, valued at approximately $2,531,000. Airbnb makes up 1.5% of Alamar Capital Management LLC’s investment portfolio, making the stock its 15th largest holding.

Several other hedge funds have also bought and sold shares of the business. Transamerica Financial Advisors LLC increased its stake in Airbnb by 143.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after purchasing an additional 112 shares in the last quarter. ORG Partners LLC lifted its stake in shares of 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 buying an additional 96 shares in the last quarter. Entrust Financial LLC bought a new position in shares of Airbnb in the fourth quarter valued at $27,000. Meeder Asset Management Inc. grew its holdings in shares of Airbnb by 96.3% during the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock valued at $27,000 after buying an additional 105 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in shares of Airbnb by 397.7% during the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after buying an additional 175 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insiders Place Their Bets

In related news, insider Nathan Blecharczyk sold 88,366 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $145.81, for a total transaction of $12,884,646.46. Following the completion of the sale, the insider directly owned 12,370 shares of the company’s stock, valued at approximately $1,803,669.70. This trade represents a 87.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joseph Gebbia sold 294,903 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $148.43, for a total value of $43,772,452.29. Following the sale, the director directly owned 2,622,452 shares of the company’s stock, valued at $389,250,550.36. The trade was a 10.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 2,231,864 shares of company stock valued at $308,474,278 in the last 90 days. 27.21% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. The Goldman Sachs Group set a $155.00 target price on shares of Airbnb in a research report on Monday. JPMorgan Chase & Co. lifted their price target on Airbnb from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Benchmark boosted their price objective on Airbnb from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Weiss Ratings raised Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 12th. Finally, Oppenheimer upgraded Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 target price on the stock in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $159.65.

Airbnb Stock Down 2.8%

ABNB opened at $140.05 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 company’s 50-day moving average is $139.60 and its 200 day moving average is $134.55. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $150.88. The firm has a market capitalization of $84.41 billion, a P/E ratio of 34.50, a PEG ratio of 1.54 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter last year, the firm posted $0.24 earnings per share. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. Research analysts expect that Airbnb, Inc. will post 4.92 earnings per share 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.