Maverick Capital Ltd. Has $43.40 Million Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Maverick Capital Ltd. grew its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 947.7% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 286,234 shares of the company’s stock after acquiring an additional 258,913 shares during the quarter. Maverick Capital Ltd.’s holdings in Airbnb were worth $43,402,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Transcendent Capital Group LLC bought a new stake in Airbnb in the 1st quarter valued at about $25,000. Trust Co. of Vermont acquired a new stake in shares of Airbnb in the fourth quarter valued at approximately $27,000. New Millennium Group LLC acquired a new stake in shares of Airbnb in the second quarter valued at approximately $28,000. Vima LLC bought a new stake in shares of Airbnb in the fourth quarter valued at approximately $29,000. Finally, Cultivar Capital Inc. acquired a new stake in Airbnb during the second quarter worth approximately $30,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Trading Down 1.1 %

ABNB opened at $129.25 on Friday. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $82.93 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 1.72 and a beta of 1.16. The company’s 50 day moving average price is $124.15 and its two-hundred day moving average price is $143.82.

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

Insider Activity

In other news, CEO Brian Chesky sold 230,769 shares of the company’s stock in a transaction on 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 sale, the chief executive officer now directly owns 13,315,912 shares of the company’s stock, valued at approximately $1,597,909,440. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $130.58, for a total value of $78,348.00. Following the sale, the chief technology officer now directly owns 195,244 shares of the company’s stock, valued at approximately $25,494,961.52. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Brian Chesky sold 230,769 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the transaction, the chief executive officer now owns 13,315,912 shares in the company, valued at approximately $1,597,909,440. The disclosure for this sale can be found here. In the last three months, insiders have sold 552,989 shares of company stock valued at $75,824,030. 27.83% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on ABNB shares. Truist Financial dropped their price objective on Airbnb from $134.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Mizuho dropped their price target on Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, September 13th. UBS Group reduced their price objective on shares of Airbnb from $160.00 to $134.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Bank of America dropped their target price on shares of Airbnb from $160.00 to $132.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Benchmark reiterated a “buy” rating and set a $155.00 price target on shares of Airbnb in a research report on Monday, August 26th. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Airbnb has an average rating of “Hold” and a consensus target price of $134.17.

About Airbnb

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.