Silicon Valley Capital Partners bought a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,421 shares of the company’s stock, valued at approximately $218,000.
A number of other large investors have also recently added to or reduced their stakes in ABNB. O Shaughnessy Asset Management LLC boosted its holdings in shares of Airbnb by 81.3% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 165 shares of the company’s stock worth $25,000 after buying an additional 74 shares in the last quarter. IMA Wealth Inc. bought a new position in shares of Airbnb during the 1st quarter worth approximately $27,000. FFT Wealth Management LLC bought a new position in shares of Airbnb during the 2nd quarter worth approximately $27,000. BerganKDV Wealth Management LLC bought a new position in shares of Airbnb during the 1st quarter worth approximately $28,000. Finally, Eaton Vance Management bought a new position in shares of Airbnb in the 1st quarter worth $28,000. 25.22% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently issued reports on ABNB. JMP Securities increased their target price on Airbnb from $180.00 to $190.00 and gave the stock an “outperform” rating in a report on Friday, August 13th. Needham & Company LLC increased their target price on Airbnb from $194.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, August 13th. Zacks Investment Research cut Airbnb from a “buy” rating to a “hold” rating in a report on Thursday, August 12th. Morgan Stanley reiterated a “hold” rating and issued a $140.00 target price on shares of Airbnb in a report on Wednesday, September 15th. Finally, Tigress Financial reiterated a “buy” rating and issued a $206.00 target price on shares of Airbnb in a report on Wednesday, September 15th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, Airbnb presently has an average rating of “Hold” and a consensus target price of $170.79.
Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Wednesday, August 11th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.47) by $0.36. The firm had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.28 billion. As a group, equities analysts expect that Airbnb, Inc. will post -0.24 EPS for the current year.
In other Airbnb news, insider Nathan Blecharczyk sold 122,309 shares of the firm’s stock in a transaction dated Wednesday, July 21st. The stock was sold at an average price of $140.00, for a total value of $17,123,260.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Belinda J. Johnson sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, July 28th. The stock was sold at an average price of $141.13, for a total value of $3,528,250.00. Following the completion of the transaction, the director now owns 224,327 shares of the company’s stock, valued at approximately $31,659,269.51. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,360,402 shares of company stock valued at $348,014,991. 36.30% of the stock is owned by corporate insiders.
Airbnb, Inc, together with its subsidiaries, operates a platform for stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms and luxury villas. The company was formerly known as AirBed & Breakfast, Inc and changed its name to Airbnb, Inc in November 2010.
Further Reading: How dollar cost averaging works
Want to see what other hedge funds are holding ABNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Airbnb, Inc. (NASDAQ:ABNB).
Receive News & Ratings for Airbnb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airbnb and related companies with MarketBeat.com's FREE daily email newsletter.