Mission Creek Capital Partners Inc. Has $882,000 Stake in Airbnb, Inc. $ABNB

Mission Creek Capital Partners Inc. trimmed its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 21.5% in the first quarter, Holdings Channel.com reports. The firm owned 7,382 shares of the company’s stock after selling 2,021 shares during the quarter. Mission Creek Capital Partners Inc.’s holdings in Airbnb were worth $882,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Park Square Financial Group LLC acquired a new stake in Airbnb during the 4th quarter worth approximately $26,000. Orion Capital Management LLC bought a new stake in shares of Airbnb in the 4th quarter valued at $28,000. Stonebridge Financial Group LLC increased its stake in Airbnb by 75.7% in the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock valued at $29,000 after purchasing an additional 106 shares in the last quarter. Bartlett & CO. Wealth Management LLC raised its stake in Airbnb by 209.6% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company’s stock worth $31,000 after buying an additional 174 shares during the period. Finally, SouthState Corp raised its stake in Airbnb by 216.1% during the 1st quarter. SouthState Corp now owns 294 shares of the company’s stock worth $35,000 after buying an additional 201 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Up 2.3%

Shares of ABNB stock opened at $129.85 on Thursday. The firm has a market cap of $80.69 billion, a P/E ratio of 31.44, a PEG ratio of 2.32 and a beta of 1.13. The company has a 50 day moving average of $132.26 and a 200-day moving average of $130.47. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.11. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.86 EPS. As a group, equities analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Upgrades and Downgrades

ABNB has been the subject of several recent research reports. Truist Financial restated a “sell” rating and set a $106.00 price objective (down previously from $112.00) on shares of Airbnb in a report on Friday, May 30th. Evercore ISI reduced their price target on shares of Airbnb from $165.00 to $145.00 and set an “in-line” rating for the company in a research report on Friday, May 2nd. Barclays set a $105.00 price target on Airbnb and gave the company an “underweight” rating in a research note on Thursday, August 7th. UBS Group cut their target price on Airbnb from $156.00 to $148.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. Finally, Wedbush lowered their price target on Airbnb from $135.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nineteen have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $142.72.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $124.96, for a total transaction of $74,976.00. Following the completion of the transaction, the chief technology officer owned 202,006 shares of the company’s stock, valued at $25,242,669.76. The trade was a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Joseph Gebbia sold 236,000 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $125.36, for a total transaction of $29,584,960.00. Following the transaction, the director owned 15 shares of the company’s stock, valued at $1,880.40. This trade represents a 99.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,445,355 shares of company stock worth $192,533,558. Insiders own 27.91% of the company’s stock.

Airbnb 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.