Alamar Capital Management LLC Sells 705 Shares of Airbnb, Inc. $ABNB

Alamar Capital Management LLC trimmed its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,355 shares of the company’s stock after selling 705 shares during the period. Airbnb makes up approximately 2.2% of Alamar Capital Management LLC’s holdings, making the stock its 16th largest holding. Alamar Capital Management LLC’s holdings in Airbnb were worth $4,017,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kentucky Trust Co bought a new position in Airbnb during the second quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. increased its stake in Airbnb by 70.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after acquiring an additional 83 shares during the period. Concord Wealth Partners bought a new position in Airbnb during the second quarter valued at about $28,000. Stonebridge Financial Group LLC increased its stake in Airbnb by 75.7% during the first 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. Finally, Bartlett & CO. Wealth Management LLC increased its stake in Airbnb by 209.6% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company’s stock valued at $31,000 after acquiring an additional 174 shares during the period. 80.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays set a $105.00 price target on Airbnb and gave the company an “underweight” rating in a research note on Thursday, August 7th. BMO Capital Markets set a $124.00 price target on Airbnb and gave the company a “market perform” rating in a research note on Thursday, August 7th. UBS Group lowered their price target on Airbnb from $156.00 to $148.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. Zacks Research upgraded Airbnb to a “hold” rating in a research note on Tuesday, August 12th. Finally, Truist Financial lowered their price objective on Airbnb from $106.00 to $104.00 and set a “sell” rating on the stock in a research note on Wednesday, September 3rd. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $141.81.

Insider Buying and Selling

In related news, CFO Elinor Mertz sold 4,630 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $128.42, for a total transaction of $594,584.60. Following the sale, the chief financial officer directly owned 444,070 shares in the company, valued at $57,027,469.40. This represents a 1.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $124.26, for a total value of $74,556.00. Following the sale, the chief technology officer owned 197,206 shares in the company, valued at approximately $24,504,817.56. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,425,876 shares of company stock worth $177,336,982 in the last three months. Insiders own 27.91% of the company’s stock.

Airbnb Trading Down 0.1%

ABNB stock opened at $127.35 on Friday. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93. The firm has a market cap of $79.14 billion, a P/E ratio of 30.84, a P/E/G ratio of 2.32 and a beta of 1.10. The business’s 50 day moving average is $124.42 and its 200-day moving average is $127.69.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.11. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.Airbnb’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.86 EPS. Sell-side analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

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.