Gradient Investments LLC lifted its position in Airbnb, Inc. (NASDAQ:ABNB – Free Report) by 102.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 316 shares of the company’s stock after buying an additional 160 shares during the quarter. Gradient Investments LLC’s holdings in Airbnb were worth $39,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of ABNB. State Board of Administration of Florida Retirement System grew its stake in Airbnb by 1.4% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 438,249 shares of the company’s stock worth $37,470,000 after purchasing an additional 6,250 shares in the last quarter. Xponance Inc. grew its stake in Airbnb by 9.1% during the 4th quarter. Xponance Inc. now owns 50,808 shares of the company’s stock worth $4,344,000 after purchasing an additional 4,246 shares in the last quarter. Kistler Tiffany Companies LLC grew its stake in Airbnb by 365.7% during the 4th quarter. Kistler Tiffany Companies LLC now owns 1,872 shares of the company’s stock worth $160,000 after purchasing an additional 1,470 shares in the last quarter. Versor Investments LP grew its stake in Airbnb by 9.8% during the 4th quarter. Versor Investments LP now owns 14,500 shares of the company’s stock worth $1,240,000 after purchasing an additional 1,300 shares in the last quarter. Finally, CoreCap Advisors LLC acquired a new position in Airbnb during the 4th quarter worth $195,000. Hedge funds and other institutional investors own 41.62% of the company’s stock.
Insider Buying and Selling at Airbnb
In other Airbnb news, CTO Aristotle N. Balogh sold 2,750 shares of the stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of $121.68, for a total transaction of $334,620.00. Following the sale, the chief technology officer now owns 218,784 shares in the company, valued at approximately $26,621,637.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CTO Aristotle N. Balogh sold 20,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $127.74, for a total transaction of $2,554,800.00. Following the sale, the chief technology officer now owns 206,151 shares in the company, valued at $26,333,728.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 2,750 shares of the firm’s stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of $121.68, for a total value of $334,620.00. Following the sale, the chief technology officer now owns 218,784 shares in the company, valued at approximately $26,621,637.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,155,060 shares of company stock worth $253,870,253. 30.84% of the stock is owned by insiders.
Airbnb Price Performance
Airbnb (NASDAQ:ABNB – Free Report) last announced its earnings results on Tuesday, May 9th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.08. The firm had revenue of $1.82 billion for the quarter, compared to analysts’ expectations of $1.79 billion. Airbnb had a return on equity of 37.51% and a net margin of 23.30%. Airbnb’s quarterly revenue was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.03) EPS. On average, analysts forecast that Airbnb, Inc. will post 3.53 EPS for the current fiscal year.
Wall Street Analyst Weigh In
ABNB has been the subject of several analyst reports. Phillip Securities raised Airbnb from an “accumulate” rating to a “buy” rating in a research note on Wednesday, May 17th. Needham & Company LLC lowered their price objective on Airbnb from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Wednesday, May 10th. DA Davidson lowered their price objective on Airbnb from $145.00 to $140.00 and set a “buy” rating for the company in a research report on Wednesday, May 10th. Wells Fargo & Company assumed coverage on Airbnb in a research report on Wednesday, June 7th. They set an “underweight” rating and a $99.00 price objective for the company. Finally, Credit Suisse Group lowered their price objective on Airbnb from $160.00 to $150.00 and set a “neutral” rating for the company in a research report on Wednesday, May 10th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $134.47.
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 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.
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