Maverick Capital Ltd. Has $43.40 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Maverick Capital Ltd. lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 947.7% during the second quarter, Holdings Channel reports. The fund owned 286,234 shares of the company’s stock after buying an additional 258,913 shares during the quarter. Maverick Capital Ltd.’s holdings in Airbnb were worth $43,402,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ABNB. Transcendent Capital Group LLC acquired a new position in shares of Airbnb during the 1st quarter valued at $25,000. Trust Co. of Vermont acquired a new position in Airbnb during the fourth quarter worth $27,000. New Millennium Group LLC acquired a new position in Airbnb during the second quarter worth $28,000. Vima LLC acquired a new position in Airbnb during the fourth quarter worth $29,000. Finally, Cultivar Capital Inc. acquired a new position in Airbnb during the second quarter worth $30,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $129.25 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $82.93 billion, a PE ratio of 17.30, a P/E/G ratio of 1.72 and a beta of 1.16. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a 50-day moving average price of $124.15 and a two-hundred day moving average price of $143.82.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.74 billion. Airbnb had a return on equity of 34.74% and a net margin of 46.11%. Airbnb’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.98 EPS. Equities analysts forecast that Airbnb, Inc. will post 4.39 EPS for the current year.

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total transaction of $71,364.00. Following the completion of the transaction, the chief technology officer now owns 198,244 shares in the company, valued at $23,579,141.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CTO Aristotle N. Balogh sold 80,000 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $149.11, for a total value of $11,928,800.00. Following the completion of the transaction, the chief technology officer now directly owns 207,574 shares in the company, valued at $30,951,359.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total transaction of $71,364.00. Following the completion of the transaction, the chief technology officer now owns 198,244 shares of the company’s stock, valued at $23,579,141.36. The disclosure for this sale can be found here. Insiders sold 552,989 shares of company stock worth $75,824,030 over the last quarter. 27.83% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on ABNB shares. Robert W. Baird lowered their price objective on shares of Airbnb from $140.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. UBS Group lowered their price objective on shares of Airbnb from $160.00 to $134.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Morgan Stanley upped their price objective on shares of Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a report on Tuesday, July 23rd. Bank of America lowered their price objective on shares of Airbnb from $160.00 to $132.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Finally, Wedbush lowered their price objective on shares of Airbnb from $165.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Airbnb has an average rating of “Hold” and a consensus price target of $134.17.

Airbnb Profile

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.