Mount Vernon Associates Inc. MD Purchases 775 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Mount Vernon Associates Inc. MD grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 10.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,040 shares of the company’s stock after acquiring an additional 775 shares during the quarter. Airbnb accounts for 1.1% of Mount Vernon Associates Inc. MD’s portfolio, making the stock its 26th biggest holding. Mount Vernon Associates Inc. MD’s holdings in Airbnb were worth $1,219,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Transcendent Capital Group LLC bought a new stake in Airbnb in the 1st quarter worth approximately $25,000. Trust Co. of Vermont bought a new position in shares of Airbnb during the 4th quarter valued at approximately $27,000. Bfsg LLC bought a new position in shares of Airbnb during the 4th quarter valued at approximately $27,000. Westend Capital Management LLC bought a new position in shares of Airbnb during the 1st quarter valued at approximately $33,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Airbnb during the 1st quarter valued at approximately $33,000. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

Shares of NASDAQ:ABNB traded down $2.57 during trading on Friday, hitting $116.31. The stock had a trading volume of 4,592,024 shares, compared to its average volume of 4,595,619. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The stock has a market capitalization of $74.91 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 1.67 and a beta of 1.18. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.25. The stock has a 50-day simple moving average of $141.43 and a two-hundred day simple moving average of $150.43.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). The company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 earnings per share. On average, equities research analysts expect that Airbnb, Inc. will post 4.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ABNB shares. Robert W. Baird cut their target price on Airbnb from $140.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Citigroup dropped their price objective on Airbnb from $170.00 to $167.00 and set a “buy” rating for the company in a report on Thursday, May 9th. JPMorgan Chase & Co. dropped their price objective on Airbnb from $145.00 to $121.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Susquehanna dropped their price objective on Airbnb from $180.00 to $130.00 and set a “positive” rating for the company in a report on Wednesday, August 7th. Finally, DA Davidson restated a “neutral” rating and set a $145.00 price objective on shares of Airbnb in a report on Thursday, May 9th. Four research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $137.00.

Insider Activity at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $145.71, for a total value of $87,426.00. Following the sale, the chief technology officer now directly owns 212,374 shares of the company’s stock, valued at $30,945,015.54. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO David C. Bernstein sold 6,000 shares of Airbnb stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $147.00, for a total value of $882,000.00. Following the sale, the chief accounting officer now directly owns 47,043 shares of the company’s stock, valued at $6,915,321. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $145.71, for a total value of $87,426.00. Following the completion of the sale, the chief technology officer now directly owns 212,374 shares in the company, valued at $30,945,015.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 735,492 shares of company stock worth $109,402,066. 27.83% of the stock is owned by corporate 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.