Fairscale Capital LLC Makes New $182,000 Investment in Airbnb, Inc. (NASDAQ:ABNB)

Fairscale Capital LLC acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,203 shares of the company’s stock, valued at approximately $182,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Jennison Associates LLC grew its stake in shares of Airbnb by 57.9% in the first quarter. Jennison Associates LLC now owns 10,632,035 shares of the company’s stock valued at $1,753,860,000 after buying an additional 3,899,179 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Airbnb by 158.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock valued at $958,279,000 after acquiring an additional 3,558,178 shares during the period. Edgewood Management LLC grew its position in shares of Airbnb by 20.8% in the 4th quarter. Edgewood Management LLC now owns 12,417,777 shares of the company’s stock valued at $1,690,556,000 after acquiring an additional 2,135,529 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Airbnb by 19,052.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company’s stock worth $256,784,000 after purchasing an additional 1,684,646 shares during the last quarter. Finally, Farallon Capital Management LLC bought a new stake in shares of Airbnb in the 1st quarter valued at about $265,292,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the subject of a number of research analyst reports. Bank of America reduced their price target on Airbnb from $160.00 to $132.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft decreased their target price on Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Cantor Fitzgerald began coverage on Airbnb in a research note on Thursday, September 5th. They issued an “underweight” rating and a $94.00 price target on the stock. Mizuho reduced their price objective on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, September 13th. Finally, Barclays dropped their price objective on shares of Airbnb from $110.00 to $100.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $134.17.

Insider Buying and Selling

In other news, CEO Brian Chesky sold 230,769 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $27,692,280.00. Following the completion of the transaction, the chief executive officer now owns 13,315,912 shares of the company’s stock, valued at $1,597,909,440. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO David C. Bernstein sold 1,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $145.88, for a total value of $145,880.00. Following the completion of the transaction, the chief accounting officer now owns 44,043 shares of the company’s stock, valued at $6,424,992.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 230,769 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the completion of the transaction, the chief executive officer now directly owns 13,315,912 shares of the company’s stock, valued at approximately $1,597,909,440. The disclosure for this sale can be found here. Insiders sold 685,451 shares of company stock valued at $95,552,289 over the last quarter. 27.83% of the stock is owned by company insiders.

Airbnb Trading Up 1.9 %

ABNB opened at $131.18 on Friday. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a 50-day simple moving average of $125.60 and a 200 day simple moving average of $144.73. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $84.49 billion, a price-to-earnings ratio of 17.56, a P/E/G ratio of 1.54 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the prior year, the company earned $0.98 EPS. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. Analysts predict that Airbnb, Inc. will post 4.39 EPS for the current fiscal year.

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.