23,181 Shares in Airbnb, Inc. (NASDAQ:ABNB) Bought by GPM Growth Investors Inc.

GPM Growth Investors Inc. acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 23,181 shares of the company's stock, valued at approximately $2,769,000. Airbnb accounts for approximately 1.2% of GPM Growth Investors Inc.'s holdings, making the stock its 27th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Park Square Financial Group LLC acquired a new stake in shares of Airbnb during the fourth quarter worth approximately $26,000. Orion Capital Management LLC purchased a new position in Airbnb during the fourth quarter valued at approximately $28,000. Graney & King LLC purchased a new position in Airbnb during the fourth quarter valued at approximately $32,000. Stonebridge Financial Group LLC grew its position in Airbnb by 75.7% during the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock valued at $29,000 after purchasing an additional 106 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC grew its position in Airbnb by 209.6% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock valued at $31,000 after purchasing an additional 174 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Analysts Set New Price Targets

ABNB has been the topic of a number of research analyst reports. Benchmark lowered their price objective on shares of Airbnb from $178.00 to $155.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. DA Davidson raised shares of Airbnb from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $170.00 to $155.00 in a research report on Wednesday, April 30th. Barclays boosted their price objective on shares of Airbnb from $103.00 to $104.00 and gave the company an "underweight" rating in a research report on Wednesday. Royal Bank Of Canada lowered their price objective on shares of Airbnb from $160.00 to $140.00 and set a "sector perform" rating on the stock in a research report on Friday, May 2nd. Finally, UBS Group dropped their price objective on Airbnb from $160.00 to $138.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Five research analysts have rated the stock with a sell rating, sixteen 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 company currently has a consensus rating of "Hold" and an average price target of $141.50.

Insider Activity

In related news, CFO Elinor Mertz sold 6,250 shares of the firm's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $135.86, for a total value of $849,125.00. Following the completion of the transaction, the chief financial officer directly owned 461,361 shares of the company's stock, valued at $62,680,505.46. This trade represents a 1.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the firm's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $137.21, for a total value of $82,326.00. Following the completion of the transaction, the chief technology officer directly owned 210,977 shares of the company's stock, valued at approximately $28,948,154.17. This trade represents a 0.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,629,043 shares of company stock valued at $210,678,753. 27.91% of the stock is owned by company insiders.

Airbnb Stock Performance

Shares of ABNB traded down $0.13 during mid-day trading on Friday, hitting $139.17. The company's stock had a trading volume of 1,875,241 shares, compared to its average volume of 5,022,016. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. The firm has a market capitalization of $87.18 billion, a PE ratio of 35.17, a price-to-earnings-growth ratio of 2.56 and a beta of 1.13. The stock's 50-day moving average is $134.10 and its two-hundred day moving average is $130.74.

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

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.