Broderick Brian C Increases Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Broderick Brian C boosted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 12.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,721 shares of the company’s stock after acquiring an additional 1,427 shares during the quarter. Broderick Brian C’s holdings in Airbnb were worth $2,098,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of ABNB. Joel Isaacson & Co. LLC lifted its holdings in shares of Airbnb by 2.3% in the 1st quarter. Joel Isaacson & Co. LLC now owns 2,986 shares of the company’s stock worth $493,000 after buying an additional 67 shares during the period. Miracle Mile Advisors LLC lifted its holdings in shares of Airbnb by 0.7% in the 1st quarter. Miracle Mile Advisors LLC now owns 9,339 shares of the company’s stock worth $1,541,000 after buying an additional 68 shares during the period. Cigna Investments Inc. New lifted its holdings in shares of Airbnb by 1.6% in the 1st quarter. Cigna Investments Inc. New now owns 4,419 shares of the company’s stock worth $729,000 after buying an additional 69 shares during the period. Mount Vernon Associates Inc. MD lifted its holdings in shares of Airbnb by 1.0% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,270 shares of the company’s stock worth $990,000 after buying an additional 75 shares during the period. Finally, Cambridge Trust Co. lifted its holdings in shares of Airbnb by 10.0% in the 4th quarter. Cambridge Trust Co. now owns 825 shares of the company’s stock worth $112,000 after buying an additional 75 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on ABNB shares. Benchmark initiated coverage on Airbnb in a report on Thursday, April 11th. They issued a “buy” rating and a $190.00 target price for the company. B. Riley initiated coverage on Airbnb in a research report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price target for the company. UBS Group boosted 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. TD Cowen reduced their price target on Airbnb from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, Wedbush raised Airbnb from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $160.00 to $165.00 in a research report on Tuesday, May 28th. 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $152.44.

Airbnb Stock Performance

Shares of ABNB stock traded down $5.84 during mid-day trading on Thursday, reaching $146.00. The stock had a trading volume of 6,286,597 shares, compared to its average volume of 4,383,476. The business’s fifty day moving average is $148.89 and its 200-day moving average is $151.39. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25. The firm has a market cap of $94.03 billion, a price-to-earnings ratio of 19.54, a PEG 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 announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $2.06 billion. During the same period in the prior year, the company earned $0.18 earnings per share. The company’s revenue was up 17.8% on a year-over-year basis. On average, research analysts forecast that Airbnb, Inc. will post 4.65 earnings per share for the current year.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $155.83, for a total value of $93,498.00. Following the sale, the chief technology officer now owns 221,704 shares in the company, valued at $34,548,134.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $155.83, for a total transaction of $93,498.00. Following the transaction, the chief technology officer now owns 221,704 shares in the company, valued at $34,548,134.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Chesky sold 115,385 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $151.95, for a total value of $17,532,750.75. Following the transaction, the chief executive officer now owns 13,914,302 shares in the company, valued at approximately $2,114,278,188.90. The disclosure for this sale can be found here. Insiders have sold 540,307 shares of company stock worth $80,338,959 over the last quarter. 27.83% of the stock is currently owned by insiders.

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.