Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC grew its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 46.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,943 shares of the company’s stock after acquiring an additional 1,896 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in Airbnb were worth $980,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of ABNB. CVA Family Office LLC acquired a new position in shares of Airbnb during the 4th quarter valued at about $26,000. Bfsg LLC acquired a new stake in Airbnb during the 4th quarter worth approximately $27,000. Trust Co. of Vermont acquired a new stake in Airbnb during the 4th quarter worth approximately $27,000. Vima LLC acquired a new stake in Airbnb during the 4th quarter worth approximately $29,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in Airbnb during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ABNB. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research report on Thursday, May 9th. Tigress Financial increased their target price on shares of Airbnb from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Truist Financial upped their price target on Airbnb from $131.00 to $134.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. TD Cowen decreased their price target on Airbnb from $180.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Finally, JPMorgan Chase & Co. upped their price target on Airbnb from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Thursday, May 9th. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $152.50.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $161.02, for a total transaction of $96,612.00. Following the transaction, the chief technology officer now directly owns 220,504 shares of the company’s stock, valued at $35,505,554.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $161.02, for a total transaction of $96,612.00. Following the transaction, the chief technology officer now directly owns 220,504 shares of the company’s stock, valued at $35,505,554.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Brian Chesky sold 115,385 shares of Airbnb stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $149.11, for a total value of $17,205,057.35. Following the transaction, the chief executive officer now directly owns 13,798,917 shares in the company, valued at $2,057,556,513.87. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 736,092 shares of company stock valued at $109,519,936. Company insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

Shares of ABNB traded up $0.07 during trading hours on Friday, reaching $140.10. 5,101,121 shares of the company’s stock traded hands, compared to its average volume of 4,347,390. The firm has a market capitalization of $90.23 billion, a price-to-earnings ratio of 18.76, a P/E/G ratio of 1.78 and a beta of 1.18. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44. Airbnb, Inc. has a twelve month low of $113.24 and a twelve month high of $170.10. The business’s fifty day simple moving average is $147.78 and its two-hundred day simple moving average is $152.14.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.18. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.06 billion. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period last year, the company earned $0.18 earnings per share. Analysts predict that Airbnb, Inc. will post 4.66 earnings per share for the current year.

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.