Airbnb, Inc. $ABNB Stock Holdings Reduced by Maverick Capital Ltd.

by · The Cerbat Gem

Maverick Capital Ltd. cut its position in shares of Airbnb, Inc. (NASDAQ:ABNB – Free Report) by 51.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,738 shares of the company’s stock after selling 28,654 shares during the period. Maverick Capital Ltd.’s holdings in Airbnb were worth $3,539,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Harris Associates L P increased its holdings in Airbnb by 86.0% in the first quarter. Harris Associates L P now owns 9,944,948 shares of the company’s stock worth $1,188,024,000 after buying an additional 4,598,125 shares during the last quarter. Norges Bank acquired a new position in shares of Airbnb during the 2nd quarter worth $483,644,000. AQR Capital Management LLC increased its stake in shares of Airbnb by 81.0% during the 1st quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock worth $500,755,000 after purchasing an additional 1,916,676 shares during the last quarter. Amundi raised its holdings in shares of Airbnb by 112.3% during the 2nd quarter. Amundi now owns 2,670,251 shares of the company’s stock valued at $361,525,000 after purchasing an additional 1,412,608 shares in the last quarter. Finally, McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Airbnb in the 2nd quarter valued at $170,189,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Stock Up 0.3%

Shares of ABNB stock opened at $128.00 on Friday. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The firm has a market cap of $78.79 billion, a PE ratio of 30.40, a price-to-earnings-growth ratio of 2.24 and a beta of 1.11. The stock has a 50 day moving average of $121.83 and a 200-day moving average of $127.41.

Airbnb (NASDAQ:ABNB – Get Free Report) last announced its earnings results on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the firm posted $2.13 EPS. The company’s revenue was up 9.9% compared to the same quarter last year. As a group, equities analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on ABNB shares. Barclays increased their target price on shares of Airbnb from $105.00 to $107.00 and gave the stock an “underweight” rating in a research report on Friday, November 7th. BTIG Research restated a “neutral” rating on shares of Airbnb in a report on Friday, November 7th. Wells Fargo & Company upped their target price on Airbnb from $111.00 to $118.00 and gave the stock an “underweight” rating in a research report on Monday, December 1st. UBS Group lifted their price target on shares of Airbnb from $145.00 to $147.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Finally, KeyCorp began coverage on shares of Airbnb in a research note on Thursday, October 23rd. They issued a “sector weight” rating for the company. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, Airbnb presently has a consensus rating of “Hold” and an average target price of $143.88.

Get Our Latest Analysis on ABNB

Insider Transactions at Airbnb

In related news, insider Nathan Blecharczyk sold 141,063 shares of Airbnb stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $121.96, for a total transaction of $17,204,043.48. Following the sale, the insider directly owned 11,520 shares of the company’s stock, valued at $1,404,979.20. This trade represents a 92.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph Gebbia sold 236,000 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $120.76, for a total value of $28,499,360.00. Following the transaction, the director owned 1,176,015 shares in the company, valued at $142,015,571.40. This represents a 16.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,847,828 shares of company stock valued at $224,091,067 in the last ninety days. 27.91% of the stock is owned by company insiders.

About Airbnb

(Free Report)

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.

Featured Articles

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 – Free Report).