Hamilton Lane Advisors LLC Takes $2.67 Million Position in Airbnb, Inc. $ABNB

Hamilton Lane Advisors LLC bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 19,635 shares of the company’s stock, valued at approximately $2,665,000. Airbnb comprises 1.5% of Hamilton Lane Advisors LLC’s investment portfolio, making the stock its 11th biggest holding.

Other institutional investors have also made changes to their positions in the company. Caxton Associates LLP acquired a new position in shares of Airbnb in the first quarter valued at $258,000. Intech Investment Management LLC lifted its stake in shares of Airbnb by 55.8% during the 1st quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock worth $1,453,000 after buying an additional 4,353 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Airbnb by 18.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock worth $776,000 after buying an additional 927 shares during the last quarter. Blueshift Asset Management LLC bought a new stake in shares of Airbnb during the 2nd quarter worth about $247,000. Finally, 1832 Asset Management L.P. bought a new stake in shares of Airbnb during the 2nd quarter worth about $3,385,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wells Fargo & Company increased their price target on shares of Airbnb from $133.00 to $136.00 and gave the company an “equal weight” rating in a report on Wednesday. BMO Capital Markets boosted their price objective on Airbnb from $130.00 to $140.00 and gave the stock a “market perform” rating in a report on Friday, February 13th. Truist Financial raised Airbnb from a “sell” rating to a “hold” rating and upped their target price for the company from $107.00 to $129.00 in a research report on Thursday, March 26th. Deutsche Bank Aktiengesellschaft upgraded Airbnb from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research note on Friday, February 13th. Finally, Mizuho lifted their price target on Airbnb from $156.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Airbnb presently has a consensus rating of “Hold” and an average price target of $147.92.

Airbnb Price Performance

NASDAQ ABNB opened at $124.95 on Friday. The firm has a 50-day moving average price of $128.06 and a two-hundred day moving average price of $126.93. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $143.88. The company has a market capitalization of $76.06 billion, a P/E ratio of 30.93, a P/E/G ratio of 1.53 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 12th. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.10). The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.71 billion. Airbnb had a return on equity of 30.88% and a net margin of 20.51%.The firm’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.73 earnings per share. Equities analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Insiders Place Their Bets

In other Airbnb news, CFO Elinor Mertz sold 3,750 shares of Airbnb stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $130.00, for a total value of $487,500.00. Following the completion of the transaction, the chief financial officer directly owned 402,417 shares of the company’s stock, valued at $52,314,210. The trade was a 0.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Gebbia sold 58,000 shares of Airbnb stock in a transaction on Monday, January 26th. The shares were sold at an average price of $133.28, for a total value of $7,730,240.00. Following the completion of the transaction, the director directly owned 460,015 shares of the company’s stock, valued at $61,310,799.20. This represents a 11.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 359,760 shares of company stock worth $46,669,275 in the last 90 days. Company insiders own 27.91% of the company’s stock.

Airbnb Company Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.