Airbnb, Inc. $ABNB is Union Square Park Capital Management LLC’s 9th Largest Position

Union Square Park Capital Management LLC decreased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 50.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,000 shares of the company’s stock after selling 30,000 shares during the period. Airbnb makes up 2.2% of Union Square Park Capital Management LLC’s investment portfolio, making the stock its 9th largest holding. Union Square Park Capital Management LLC’s holdings in Airbnb were worth $3,788,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Van Diest Capital LLC increased its holdings in Airbnb by 101.8% in the first quarter. Van Diest Capital LLC now owns 5,982 shares of the company’s stock valued at $755,000 after buying an additional 3,017 shares in the last quarter. Lombard Odier Asset Management Switzerland SA boosted its stake in shares of Airbnb by 18.1% during the 1st quarter. Lombard Odier Asset Management Switzerland SA now owns 22,818 shares of the company’s stock worth $2,881,000 after acquiring an additional 3,500 shares in the last quarter. Lombard Odier Asset Management USA Corp purchased a new stake in shares of Airbnb during the 1st quarter worth approximately $220,000. Waverly Advisors LLC grew its holdings in shares of Airbnb by 33.8% in the 1st quarter. Waverly Advisors LLC now owns 12,339 shares of the company’s stock worth $1,558,000 after acquiring an additional 3,118 shares during the period. Finally, Wealth Alliance LLC grew its holdings in shares of Airbnb by 17.8% in the 1st quarter. Wealth Alliance LLC now owns 6,091 shares of the company’s stock worth $769,000 after acquiring an additional 919 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ABNB. DA Davidson lifted their price objective on Airbnb from $150.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Barclays raised their price target on Airbnb from $122.00 to $125.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Rodman & Renshaw began coverage on Airbnb in a research note on Monday, May 4th. They set a “buy” rating for the company. Wedbush began coverage on shares of Airbnb in a research note on Thursday, July 16th. They issued a “neutral” rating and a $152.00 price objective on the stock. Finally, Evercore restated an “outperform” rating on shares of Airbnb in a report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $159.65.

Airbnb Stock Performance

Airbnb stock opened at $141.10 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a fifty day moving average of $139.84 and a two-hundred day moving average of $134.62. The company has a market capitalization of $85.04 billion, a price-to-earnings ratio of 34.75, a PEG ratio of 1.51 and a beta of 1.14. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $150.88.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.05). The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The firm’s revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 earnings per share. On average, analysts anticipate that Airbnb, Inc. will post 4.93 EPS for the current fiscal year.

Insider Activity at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 294,903 shares of the firm’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $148.43, for a total transaction 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. This trade represents a 10.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nathan Blecharczyk sold 88,366 shares of Airbnb stock in a transaction dated 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 sale, the insider 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. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 2,231,864 shares of company stock valued at $308,474,278. 27.21% of the stock is owned by insiders.

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.