Little House Capital LLC Takes Position in Airbnb, Inc. (NASDAQ:ABNB)

Little House Capital LLC bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) in the first quarter, HoldingsChannel reports. The fund bought 3,365 shares of the company’s stock, valued at approximately $555,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ABNB. SteelPeak Wealth LLC raised its position in shares of Airbnb by 17.2% during the 1st quarter. SteelPeak Wealth LLC now owns 6,708 shares of the company’s stock worth $1,107,000 after acquiring an additional 985 shares in the last quarter. Founders Financial Securities LLC lifted its position in shares of Airbnb by 7.5% during the 1st quarter. Founders Financial Securities LLC now owns 2,196 shares of the company’s stock worth $362,000 after buying an additional 153 shares during the last quarter. Romano Brothers AND Company acquired a new position in shares of Airbnb in the 1st quarter valued at $210,000. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Airbnb in the 1st quarter valued at $215,000. Finally, First Dallas Securities Inc. grew its position in shares of Airbnb by 4.5% in the 1st quarter. First Dallas Securities Inc. now owns 7,005 shares of the company’s stock valued at $1,156,000 after buying an additional 300 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO David C. Bernstein sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $145.50, for a total transaction of $291,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 45,043 shares of the company’s stock, valued at $6,553,756.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $148.97, for a total value of $89,382.00. Following the sale, the chief technology officer now owns 209,374 shares in the company, valued at $31,190,444.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO David C. Bernstein sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $145.50, for a total value of $291,000.00. Following the transaction, the chief accounting officer now owns 45,043 shares of the company’s stock, valued at $6,553,756.50. The disclosure for this sale can be found here. Insiders have sold 413,287 shares of company stock valued at $61,071,555 over the last quarter. Insiders own 27.83% of the company’s stock.

Airbnb Stock Down 0.9 %

Airbnb stock traded down $1.31 during midday trading on Monday, hitting $150.32. 1,771,384 shares of the stock were exchanged, compared to its average volume of 4,410,331. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44. The company has a 50 day moving average price of $150.43 and a two-hundred day moving average price of $151.03. The firm has a market cap of $96.81 billion, a P/E ratio of 20.30, a P/E/G ratio of 1.88 and a beta of 1.18. Airbnb, Inc. has a 1 year low of $113.24 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.23 by $0.18. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the previous year, the firm posted $0.18 earnings per share. The company’s revenue was up 17.8% compared to the same quarter last year. On average, sell-side analysts predict that Airbnb, Inc. will post 4.65 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on ABNB. Bank of America upped their price objective on shares of Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. UBS Group lifted their price target on Airbnb from $143.00 to $157.00 and gave the stock a “neutral” rating in a research report on Thursday, May 9th. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a report on Thursday, May 9th. Piper Sandler Companies upped their price target on shares of Airbnb from $145.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. Finally, Piper Sandler reissued a “neutral” rating and set a $155.00 price objective (up from $145.00) on shares of Airbnb in a research report on Thursday, May 9th. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $152.38.

Airbnb Company 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.