Doliver Advisors LP Has $571,000 Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Doliver Advisors LP cut its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 15.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,589 shares of the company’s stock after selling 837 shares during the quarter. Doliver Advisors LP’s holdings in Airbnb were worth $571,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Column Capital Advisors LLC raised its stake in shares of Airbnb by 5.8% during the first quarter. Column Capital Advisors LLC now owns 1,455 shares of the company’s stock valued at $181,000 after acquiring an additional 80 shares during the last quarter. Mirador Capital Partners LP lifted its stake in shares of Airbnb by 1.5% in the first quarter. Mirador Capital Partners LP now owns 6,220 shares of the company’s stock worth $774,000 after acquiring an additional 90 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in Airbnb by 2.2% in the first quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,220 shares of the company’s stock valued at $525,000 after acquiring an additional 90 shares during the last quarter. True Capital Management increased its position in Airbnb by 1.0% during the 1st quarter. True Capital Management now owns 9,500 shares of the company’s stock valued at $1,182,000 after purchasing an additional 94 shares during the period. Finally, Macroview Investment Management LLC raised its holdings in Airbnb by 76.0% during the 1st quarter. Macroview Investment Management LLC now owns 220 shares of the company’s stock worth $27,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 44.19% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on ABNB. Jefferies Financial Group upped their price objective on shares of Airbnb from $140.00 to $174.00 and gave the company a “buy” rating in a research note on Tuesday, July 25th. KeyCorp boosted their price objective on Airbnb from $135.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, July 24th. Truist Financial lowered their target price on Airbnb from $130.00 to $116.00 in a report on Thursday, June 1st. Canaccord Genuity Group reduced their price objective on shares of Airbnb from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Wednesday, May 10th. Finally, DA Davidson lifted their price objective on shares of Airbnb from $140.00 to $162.00 and gave the company a “buy” rating in a research note on Friday, August 4th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $144.50.

Insider Transactions at Airbnb

In related news, insider Catherine C. Powell sold 6,900 shares of the firm’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $145.00, for a total transaction of $1,000,500.00. Following the transaction, the insider now directly owns 121,319 shares of the company’s stock, valued at approximately $17,591,255. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Airbnb news, insider Nathan Blecharczyk sold 40,000 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $130.85, for a total transaction of $5,234,000.00. Following the completion of the sale, the insider now directly owns 1,164,797 shares in the company, valued at $152,413,687.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Catherine C. Powell sold 6,900 shares of Airbnb stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $145.00, for a total value of $1,000,500.00. Following the completion of the transaction, the insider now owns 121,319 shares in the company, valued at approximately $17,591,255. The disclosure for this sale can be found here. In the last three months, insiders sold 2,107,826 shares of company stock worth $285,573,193. 30.84% of the stock is currently owned by corporate insiders.

Airbnb Price Performance

Airbnb stock traded up $10.65 during mid-day trading on Tuesday, hitting $143.34. 15,620,369 shares of the company traded hands, compared to its average volume of 6,031,553. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.47 and a current ratio of 1.47. Airbnb, Inc. has a one year low of $81.91 and a one year high of $154.95. The stock has a market cap of $92.78 billion, a price-to-earnings ratio of 41.87, a price-to-earnings-growth ratio of 1.75 and a beta of 1.29. The stock has a fifty day moving average price of $136.21 and a 200-day moving average price of $124.53.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.21. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.42 billion. Airbnb had a net margin of 25.31% and a return on equity of 42.90%. The firm’s revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.56 EPS. On average, equities analysts predict that Airbnb, Inc. will post 3.72 earnings per share for the current fiscal 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 model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.