Airbnb, Inc. (NASDAQ:ABNB) Shares Bought by Diversify Advisory Services LLC

Diversify Advisory Services LLC boosted its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 16.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,817 shares of the company's stock after acquiring an additional 2,560 shares during the period. Diversify Advisory Services LLC's holdings in Airbnb were worth $2,236,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ABNB. Proficio Capital Partners LLC raised its position in Airbnb by 2.6% in the 4th quarter. Proficio Capital Partners LLC now owns 12,069 shares of the company's stock valued at $1,586,000 after purchasing an additional 308 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Airbnb by 32.3% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 22,673 shares of the company's stock worth $2,979,000 after buying an additional 5,532 shares during the last quarter. Creative Financial Designs Inc. ADV raised its position in Airbnb by 15.8% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,178 shares of the company's stock worth $155,000 after buying an additional 161 shares during the last quarter. Signaturefd LLC raised its position in Airbnb by 2.9% during the 4th quarter. Signaturefd LLC now owns 4,322 shares of the company's stock worth $568,000 after buying an additional 123 shares during the last quarter. Finally, Horizon Investments LLC raised its position in Airbnb by 41.5% during the 4th quarter. Horizon Investments LLC now owns 12,188 shares of the company's stock worth $1,602,000 after buying an additional 3,575 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Airbnb Price Performance

NASDAQ:ABNB traded up $0.04 during mid-day trading on Friday, reaching $139.34. 2,981,869 shares of the company's stock traded hands, compared to its average volume of 5,031,735. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The firm has a market capitalization of $87.28 billion, a price-to-earnings ratio of 35.19, a PEG ratio of 2.61 and a beta of 1.13. The company has a 50 day moving average price of $134.35 and a 200-day moving average price of $130.80.

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 firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. Airbnb had a net margin of 22.60% and a return on equity of 30.91%. The business's revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 earnings per share. As a group, analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Piper Sandler lowered their price objective on shares of Airbnb from $145.00 to $132.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. DA Davidson raised shares of Airbnb from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $170.00 to $155.00 in a research note on Wednesday, April 30th. Citigroup decreased their price target on shares of Airbnb from $170.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. BNP Paribas raised shares of Airbnb to a "hold" rating in a research note on Wednesday. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Airbnb in a research note on Wednesday, May 14th. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Airbnb has an average rating of "Hold" and an average target price of $141.50.

Insider Activity at Airbnb

In other Airbnb news, CEO Brian Chesky sold 8,000 shares of the stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $128.33, for a total value of $1,026,640.00. Following the completion of the sale, the chief executive officer owned 40,800 shares in the company, valued at approximately $5,235,864. This represents a 16.39% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction on Wednesday, May 28th. The stock was 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 owned 1,416,015 shares of the company's stock, valued at $182,184,489.90. The trade was a 14.29% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,629,043 shares of company stock valued at $210,678,753. 27.91% 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.