111 Capital Acquires 6,472 Shares of Airbnb, Inc. $ABNB

111 Capital raised its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 41.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,963 shares of the company’s stock after acquiring an additional 6,472 shares during the quarter. 111 Capital’s holdings in Airbnb were worth $2,907,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kentucky Trust Co bought a new stake in Airbnb during the 2nd quarter valued at $25,000. Stonebridge Financial Group LLC raised its holdings in Airbnb by 75.7% during the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock valued at $29,000 after acquiring an additional 106 shares during the period. Armstrong Advisory Group Inc. grew its position in shares of Airbnb by 363.6% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock valued at $34,000 after purchasing an additional 200 shares in the last quarter. Bartlett & CO. Wealth Management LLC grew its position in shares of Airbnb by 209.6% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company’s stock valued at $31,000 after purchasing an additional 174 shares in the last quarter. Finally, SouthState Corp grew its position in shares of Airbnb by 216.1% during the 1st quarter. SouthState Corp now owns 294 shares of the company’s stock valued at $35,000 after purchasing an additional 201 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $120.22 on Friday. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The firm has a fifty day moving average of $125.86 and a 200 day moving average of $127.57. The firm has a market capitalization of $74.71 billion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 2.22 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) 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 analyst estimates of $3.02 billion. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 earnings per share. On average, sell-side analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ABNB shares. Phillip Securities upgraded shares of Airbnb from a “moderate sell” rating to a “hold” rating in a research report on Friday, August 8th. Royal Bank Of Canada boosted their price target on shares of Airbnb from $140.00 to $145.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. BMO Capital Markets set a $124.00 price target on shares of Airbnb and gave the company a “market perform” rating in a research report on Thursday, August 7th. Jefferies Financial Group reduced their price target on shares of Airbnb from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Monday, August 11th. Finally, Wedbush reduced their price target on shares of Airbnb from $135.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nineteen have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $141.81.

Insider Activity

In other news, CAO David C. Bernstein sold 5,000 shares of the company’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $142.00, for a total transaction of $710,000.00. Following the completion of the transaction, the chief accounting officer directly owned 42,619 shares of the company’s stock, valued at approximately $6,051,898. This represents a 10.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Elinor Mertz sold 6,250 shares of the company’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $135.86, for a total transaction of $849,125.00. Following the transaction, the chief financial officer directly owned 461,361 shares of the company’s stock, valued at approximately $62,680,505.46. This trade represents a 1.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,673,726 shares of company stock valued at $215,816,143. Insiders own 27.91% of the company’s stock.

Airbnb Company 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.