Odyssean LLC Boosts Holdings in Airbnb, Inc. $ABNB

Odyssean LLC grew its stake in Airbnb, Inc. (NASDAQ:ABNB) by 103.9% during the 2nd quarter, Holdings Channel reports. The firm owned 22,474 shares of the company’s stock after purchasing an additional 11,452 shares during the quarter. Odyssean LLC’s holdings in Airbnb were worth $3,216,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ABNB. Concurrent Investment Advisors LLC raised its position in shares of Airbnb by 2.3% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 6,729 shares of the company’s stock worth $963,000 after purchasing an additional 151 shares during the last quarter. NEOS Investment Management LLC boosted its holdings in Airbnb by 11.4% in the 2nd quarter. NEOS Investment Management LLC now owns 322,342 shares of the company’s stock worth $46,127,000 after buying an additional 33,038 shares during the last quarter. Continuum Advisory LLC acquired a new stake in Airbnb in the 2nd quarter worth about $130,000. Nykredit A S acquired a new stake in Airbnb in the 2nd quarter worth about $28,783,000. Finally, Tranquilli Financial Advisor LLC purchased a new stake in Airbnb during the 2nd quarter worth approximately $226,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb News Summary

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Bernstein raised its Airbnb price target to $217, arguing that stronger booking trends and the second-quarter earnings beat indicate a potential growth turnaround. The revised target implies further upside and is likely supporting investor sentiment. Bernstein Boosts Airbnb Price Target to $217 Following Strong Q2 Performance
• Positive Sentiment: Additional Bernstein commentary said booking momentum is prompting Wall Street to reassess Airbnb’s growth outlook, reinforcing the view that recent operating performance may represent a meaningful inflection point. Bernstein Revamps Airbnb Stock Target for Rest of Year
• Positive Sentiment: The stock reached a new 12-month high, reflecting continued momentum after Airbnb reported quarterly earnings and revenue above consensus estimates, with revenue growth accelerating year over year. Airbnb Reaches New 12-Month High
• Neutral Sentiment: CEO Brian Chesky is scheduled to speak at the Goldman Sachs Communacopia + Technology Conference on September 8. The event could provide updates on demand, bookings and strategy, but it is not an immediate earnings catalyst. Airbnb to Participate in Goldman Sachs Conference
• Neutral Sentiment: The reported August short-interest figures show zero shares and a zero-day days-to-cover ratio, with an invalid percentage change. This appears to be a data-quality issue and provides no reliable indication of short-selling pressure.

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 20,000 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $173.61, for a total value of $3,472,200.00. Following the completion of the sale, the chief executive officer directly owned 5,854 shares of the company’s stock, valued at $1,016,312.94. This trade represents a 77.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph Gebbia sold 265,000 shares of Airbnb stock in a transaction on Monday, July 27th. The stock was sold at an average price of $145.70, for a total value of $38,610,500.00. Following the transaction, the director owned 1,828,518 shares in the company, valued at approximately $266,415,072.60. This represents a 12.66% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 2,871,879 shares of company stock worth $428,378,768 over the last quarter. Corporate insiders own 27.21% of the company’s stock.

Airbnb Trading Up 0.2%

ABNB opened at $190.50 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.41 and a quick ratio of 1.41. The company’s 50 day simple moving average is $156.17 and its two-hundred day simple moving average is $140.50. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $193.45. The firm has a market capitalization of $114.07 billion, a price-to-earnings ratio of 43.30, a price-to-earnings-growth ratio of 2.20 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. Airbnb had a return on equity of 33.38% and a net margin of 20.45%.The business had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same period in the prior year, the business earned $1.03 earnings per share. The business’s revenue was up 16.3% compared to the same quarter last year. Analysts expect that Airbnb, Inc. will post 5.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ABNB. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $170.00 target price on shares of Airbnb in a report on Friday, May 8th. Citigroup boosted their price target on Airbnb from $175.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. B. Riley Financial reissued a “buy” rating on shares of Airbnb in a research note on Friday, August 7th. Truist Financial raised their price objective on Airbnb from $129.00 to $134.00 and gave the company a “hold” rating in a report on Friday, June 12th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Airbnb from $140.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Airbnb currently has an average rating of “Moderate Buy” and a consensus price target of $174.03.

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.