Nightview Capital LLC Has $5.85 Million Holdings in Airbnb, Inc. $ABNB

Nightview Capital LLC decreased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 13.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,163 shares of the company’s stock after selling 7,018 shares during the quarter. Airbnb accounts for 3.2% of Nightview Capital LLC’s portfolio, making the stock its 10th largest position. Nightview Capital LLC’s holdings in Airbnb were worth $5,845,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in ABNB. DDD Partners LLC boosted its stake in Airbnb by 3.9% during the 2nd quarter. DDD Partners LLC now owns 2,041 shares of the company’s stock valued at $270,000 after purchasing an additional 76 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in shares of Airbnb by 1.6% during the first quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company’s stock valued at $604,000 after buying an additional 78 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its holdings in Airbnb by 70.9% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after buying an additional 83 shares in the last quarter. SBI Securities Co. Ltd. increased its holdings in Airbnb by 0.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 10,552 shares of the company’s stock worth $1,396,000 after buying an additional 85 shares in the last quarter. Finally, Trivium Point Advisory LLC raised its position in Airbnb by 3.0% in the 1st quarter. Trivium Point Advisory LLC now owns 3,408 shares of the company’s stock worth $407,000 after buying an additional 99 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Airbnb

In other news, insider Nathan Blecharczyk sold 77,527 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $120.52, for a total value of $9,343,554.04. Following the completion of the sale, the insider directly owned 53,298 shares of the company’s stock, valued at $6,423,474.96. This represents a 59.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph Gebbia sold 236,000 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $120.76, for a total transaction of $28,499,360.00. Following the sale, the director owned 1,176,015 shares in the company, valued at $142,015,571.40. The trade was a 16.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,575,867 shares of company stock valued at $190,875,764 over the last 90 days. 27.83% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently issued reports on ABNB shares. BNP Paribas Exane assumed coverage on shares of Airbnb in a report on Monday, November 24th. They set a “neutral” rating on the stock. KeyCorp initiated coverage on shares of Airbnb in a research report on Thursday, October 23rd. They set a “sector weight” rating on the stock. BNP Paribas started coverage on shares of Airbnb in a report on Monday, November 24th. They issued a “hold” rating on the stock. Barclays lifted 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Airbnb in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Airbnb presently has an average rating of “Hold” and a consensus target price of $143.88.

Airbnb Price Performance

Shares of ABNB stock opened at $124.32 on Monday. The company has a market cap of $76.53 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 2.19 and a beta of 1.11. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The firm has a fifty day moving average price of $121.53 and a 200-day moving average price of $127.45.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the firm posted $2.13 EPS. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

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.