Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Chemistry Wealth Management LLC

Chemistry Wealth Management LLC lifted its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 61.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,147 shares of the company's stock after purchasing an additional 2,340 shares during the period. Chemistry Wealth Management LLC's holdings in Airbnb were worth $734,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in shares of Airbnb during the fourth quarter worth $25,000. Park Square Financial Group LLC acquired a new position in shares of Airbnb during the fourth quarter worth $26,000. Orion Capital Management LLC acquired a new position in shares of Airbnb during the fourth quarter worth $28,000. Graney & King LLC acquired a new position in shares of Airbnb during the fourth quarter worth $32,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Airbnb during the fourth quarter worth $44,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Joseph Gebbia sold 236,000 shares of the company's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $128.66, for a total value of $30,363,760.00. Following the completion of the sale, the director now owns 1,416,015 shares of the company's stock, valued at $182,184,489.90. This represents a 14.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Brian Chesky sold 38,461 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $126.60, for a total transaction of $4,869,162.60. Following the completion of the sale, the chief executive officer now directly owns 11,770,144 shares of the company's stock, valued at $1,490,100,230.40. The trade was a 0.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,642,018 shares of company stock valued at $202,748,249 over the last 90 days. 27.91% of the stock is currently owned by company insiders.

Airbnb Stock Up 2.4%

Airbnb stock opened at $140.64 on Friday. The company has a 50-day simple moving average of $123.61 and a 200-day simple moving average of $130.76. The firm has a market capitalization of $88.10 billion, a P/E ratio of 34.05, a P/E/G ratio of 3.52 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 EPS. As a group, equities analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Robert W. Baird dropped their price target on shares of Airbnb from $175.00 to $160.00 and set an "outperform" rating for the company in a research note on Tuesday, March 25th. Truist Financial restated a "sell" rating and issued a $106.00 price target (down previously from $112.00) on shares of Airbnb in a research note on Friday, May 30th. The Goldman Sachs Group upgraded shares of Airbnb from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $110.00 to $153.00 in a research note on Friday, February 14th. B. Riley dropped their price target on shares of Airbnb from $145.00 to $140.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Finally, Needham & Company LLC restated a "hold" rating on shares of Airbnb in a research note on Wednesday, May 14th. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $141.23.

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.

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