Callan Family Office LLC Increases Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Key Points

• Callan Family Office LLC increased its stake in Airbnb, Inc. by 49.5%, owning 8,584 shares valued at approximately $1,025,000 as of the end of the most recent quarter.
• Insiders at Airbnb sold a significant amount of shares, with a total of 1,671,023 shares worth $223,195,427 sold in the last three months, indicating a 10.50% decrease in ownership for CAO David C. Bernstein alone.
• Analyst ratings for Airbnb show mixed sentiments, with five analysts rating it as a "sell" and an average price target currently at $142.72.

Callan Family Office LLC lifted its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 49.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,584 shares of the company's stock after buying an additional 2,842 shares during the period. Callan Family Office LLC's holdings in Airbnb were worth $1,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Park Square Financial Group LLC purchased a new position in Airbnb in the 4th quarter valued at approximately $26,000. Orion Capital Management LLC purchased a new position in Airbnb in the 4th quarter valued at approximately $28,000. Stonebridge Financial Group LLC boosted its position in Airbnb by 75.7% in the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock valued at $29,000 after buying an additional 106 shares during the period. Bartlett & CO. Wealth Management LLC boosted its position in Airbnb by 209.6% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock valued at $31,000 after buying an additional 174 shares during the period. Finally, SouthState Corp boosted its position in Airbnb by 216.1% in the 1st quarter. SouthState Corp now owns 294 shares of the company's stock valued at $35,000 after buying an additional 201 shares during the period. Institutional investors and hedge funds own 80.76% of the company's stock.

Insider Buying and Selling

In other news, CFO Elinor Mertz sold 6,250 shares of the company's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $135.86, for a total value of $849,125.00. Following the transaction, the chief financial officer owned 461,361 shares in the company, valued at approximately $62,680,505.46. This represents a 1.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $139.39, for a total value of $83,634.00. Following the completion of the sale, the chief technology officer directly owned 209,777 shares of the company's stock, valued at $29,240,816.03. The trade was a 0.29% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,671,023 shares of company stock worth $223,195,427. Company insiders own 27.91% of the company's stock.

Airbnb Stock Up 0.4%

ABNB traded up $0.46 during trading on Friday, hitting $125.10. The company's stock had a trading volume of 4,307,326 shares, compared to its average volume of 5,331,866. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The stock's fifty day moving average price is $134.07 and its 200-day moving average price is $130.75. The firm has a market capitalization of $78.36 billion, a P/E ratio of 30.29, a PEG ratio of 2.27 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11. Airbnb had a return on equity of 32.19% and a net margin of 22.67%. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the prior year, the company posted $0.86 earnings per share. Airbnb's revenue was up 12.7% compared to the same quarter last year. Equities research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wedbush reduced their price target on shares of Airbnb from $135.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Cantor Fitzgerald reissued an "underweight" rating and set a $100.00 price target on shares of Airbnb in a report on Wednesday, May 14th. Wells Fargo & Company set a $110.00 price target on shares of Airbnb and gave the stock an "underweight" rating in a report on Thursday, August 7th. Susquehanna cut their price target on shares of Airbnb from $200.00 to $150.00 and set a "positive" rating for the company in a report on Monday, May 5th. Finally, Phillip Securities upgraded shares of Airbnb from a "moderate sell" rating to a "hold" rating in a research report on Friday, August 8th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $142.72.

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.