Capstone Capital Management Ltd Invests $686,000 in Airbnb, Inc. $ABNB

Capstone Capital Management Ltd acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,053 shares of the company’s stock, valued at approximately $686,000.

A number of other hedge funds also recently made changes to their positions in the business. Aster Capital Management DIFC Ltd acquired a new stake in shares of Airbnb during the 3rd quarter worth about $25,000. ORG Partners LLC raised its holdings in Airbnb by 97.0% in the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after acquiring an additional 96 shares in the last quarter. Entrust Financial LLC bought a new stake in Airbnb during the fourth quarter worth about $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 acquiring an additional 175 shares during the last quarter. Finally, Wiser Advisor Group LLC bought a new stake in shares of Airbnb during the 3rd quarter worth $27,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on ABNB. DA Davidson increased their price target on Airbnb from $150.00 to $162.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Mizuho upped their target price on Airbnb from $156.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. Benchmark upped their price target on Airbnb from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Wedbush raised shares of Airbnb from a “neutral” rating to a “neutral” rating in a research report on Monday, May 4th. Finally, BMO Capital Markets upped their price target on Airbnb from $130.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, February 13th. Two equities 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $157.67.

Insiders Place Their Bets

In other Airbnb news, CFO Elinor Mertz sold 3,750 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $143.00, for a total value of $536,250.00. Following the transaction, the chief financial officer owned 463,415 shares in the company, valued at approximately $66,268,345. The trade was a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 58,000 shares of Airbnb stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $140.37, for a total value of $8,141,460.00. Following the completion of the sale, the director owned 54,015 shares in the company, valued at approximately $7,582,085.55. This represents a 51.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 459,838 shares of company stock valued at $62,185,245 over the last quarter. 27.21% of the stock is owned by corporate insiders.

Airbnb Stock Up 1.1%

ABNB stock opened at $134.30 on Tuesday. The stock has a fifty day moving average of $133.53 and a 200-day moving average of $129.66. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $147.25. 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 company has a market capitalization of $80.94 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 1.42 and a beta of 1.20.

Airbnb (NASDAQ:ABNB) last issued 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 company had revenue of $2.68 billion during 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 firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 EPS. As a group, equities research analysts predict that Airbnb, Inc. will post 4.91 earnings per share for the current 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.