Y Intercept Hong Kong Ltd Boosts Stake in Airbnb, Inc. $ABNB

Y Intercept Hong Kong Ltd lifted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 105.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,600 shares of the company’s stock after acquiring an additional 24,406 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Airbnb were worth $5,780,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Airbnb by 70.9% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after purchasing an additional 83 shares in the last quarter. Concord Wealth Partners bought a new stake in shares of Airbnb in the second quarter worth $28,000. Whipplewood Advisors LLC raised its holdings in Airbnb by 235.3% in the second quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock valued at $30,000 after acquiring an additional 160 shares in the last quarter. Root Financial Partners LLC bought a new position in Airbnb during the 3rd quarter valued at $32,000. Finally, NewSquare Capital LLC grew its holdings in Airbnb by 86.4% during the 2nd quarter. NewSquare Capital LLC now owns 287 shares of the company’s stock worth $38,000 after acquiring an additional 133 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Activity

In other Airbnb news, insider Nathan Blecharczyk sold 141,063 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $121.96, for a total transaction of $17,204,043.48. Following the completion of the transaction, the insider directly owned 11,520 shares of the company’s stock, valued at $1,404,979.20. The trade was a 92.45% decrease in their position. The transaction 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 company’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $120.66, for a total transaction of $28,475,760.00. Following the completion of the transaction, the director owned 232,015 shares of the company’s stock, valued at approximately $27,994,929.90. This trade represents a 50.43% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,388,372 shares of company stock valued at $171,733,558. 27.91% of the stock is currently owned by company insiders.

Airbnb Trading Down 1.2%

NASDAQ:ABNB opened at $132.15 on Friday. The stock has a 50 day moving average of $128.86 and a 200-day moving average of $127.59. The firm has a market capitalization of $81.34 billion, a PE ratio of 31.39, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93.

Airbnb (NASDAQ:ABNB) last announced 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). The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the business posted $2.13 EPS. As a group, analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Cantor Fitzgerald raised shares of Airbnb from an “underweight” rating to a “neutral” rating and increased their price target for the stock from $117.00 to $141.00 in a research report on Thursday, January 8th. UBS Group set a $130.00 price objective on Airbnb in a research note on Tuesday, January 13th. Mizuho set a $156.00 target price on Airbnb in a research report on Friday, November 7th. DA Davidson reiterated a “buy” rating and issued a $155.00 price target on shares of Airbnb in a report on Friday, December 5th. Finally, Truist Financial raised their price objective on Airbnb from $104.00 to $107.00 and gave the stock a “sell” rating in a research note on Thursday, December 4th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $147.84.

About Airbnb

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.