Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Atomi Financial Group Inc.

Atomi Financial Group Inc. increased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 5.4% during the first quarter, Holdings Channel reports. The institutional investor owned 5,194 shares of the company’s stock after acquiring an additional 267 shares during the period. Atomi Financial Group Inc.’s holdings in Airbnb were worth $857,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Airbnb by 43.0% during the third quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock worth $4,697,896,000 after purchasing an additional 10,301,746 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its position in shares of Airbnb by 51.1% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 612 shares of the company’s stock worth $83,000 after buying an additional 207 shares during the last quarter. Czech National Bank increased its holdings in shares of Airbnb by 2.2% in the 4th quarter. Czech National Bank now owns 76,142 shares of the company’s stock worth $10,366,000 after acquiring an additional 1,623 shares during the period. Wedmont Private Capital increased its holdings in shares of Airbnb by 17.2% in the 4th quarter. Wedmont Private Capital now owns 2,970 shares of the company’s stock worth $416,000 after acquiring an additional 435 shares during the period. Finally, Dfpg Investments LLC increased its stake in Airbnb by 3.1% during the 4th quarter. Dfpg Investments LLC now owns 27,284 shares of the company’s stock valued at $3,640,000 after buying an additional 829 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Activity at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $162.00, for a total transaction of $97,200.00. Following the completion of the transaction, the chief technology officer now directly owns 219,904 shares of the company’s stock, valued at $35,624,448. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $162.00, for a total transaction of $97,200.00. Following the completion of the sale, the chief technology officer now owns 219,904 shares of the company’s stock, valued at $35,624,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph Gebbia sold 1,500 shares of Airbnb stock in a transaction on Friday, June 21st. The stock was sold at an average price of $150.00, for a total value of $225,000.00. Following the sale, the director now directly owns 42,087 shares of the company’s stock, valued at approximately $6,313,050. The disclosure for this sale can be found here. Over the last three months, insiders sold 540,307 shares of company stock valued at $80,338,959. 27.83% of the stock is owned by corporate insiders.

Airbnb Price Performance

Shares of NASDAQ:ABNB remained flat at $146.78 during midday trading on Monday. 1,471,739 shares of the company traded hands, compared to its average volume of 4,350,882. Airbnb, Inc. has a twelve month low of $113.24 and a twelve month high of $170.10. 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 business has a 50 day moving average of $148.64 and a 200-day moving average of $151.62. The firm has a market capitalization of $94.53 billion, a P/E ratio of 19.69, a P/E/G ratio of 1.82 and a beta of 1.18.

Airbnb (NASDAQ:ABNB) last released its earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.18. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period last year, the business earned $0.18 earnings per share. The firm’s revenue was up 17.8% on a year-over-year basis. As a group, equities analysts predict that Airbnb, Inc. will post 4.65 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on ABNB. Piper Sandler Companies lifted their target price on shares of Airbnb from $145.00 to $155.00 and gave the stock a “neutral” rating in a research report on Thursday, May 9th. DA Davidson restated a “neutral” rating and issued a $145.00 price objective on shares of Airbnb in a research note on Thursday, May 9th. Wells Fargo & Company boosted their price objective on shares of Airbnb from $127.00 to $129.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 9th. Wedbush upgraded shares of Airbnb from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $160.00 to $165.00 in a research note on Tuesday, May 28th. Finally, Citigroup reduced their price objective on shares of Airbnb from $170.00 to $167.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $152.44.

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.