H&H Retirement Design & Management INC Buys New Holdings in Airbnb, Inc. (NASDAQ:ABNB)

H&H Retirement Design & Management INC acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 3,722 shares of the company's stock, valued at approximately $415,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Park Square Financial Group LLC bought a new stake in shares of Airbnb during the fourth quarter valued at about $26,000. Orion Capital Management LLC purchased a new position in shares of Airbnb during the fourth quarter worth about $28,000. Graney & King LLC bought a new position in shares of Airbnb in the fourth quarter worth approximately $32,000. Whipplewood Advisors LLC bought a new position in shares of Airbnb in the fourth quarter worth approximately $44,000. Finally, Rakuten Securities Inc. increased its position in shares of Airbnb by 31.6% in the first quarter. Rakuten Securities Inc. now owns 379 shares of the company's stock worth $45,000 after purchasing an additional 91 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $137.13, for a total transaction of $82,278.00. Following the sale, the chief technology officer now directly owns 213,377 shares of the company's stock, valued at $29,260,388.01. This trade represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Nathan Blecharczyk sold 2,245 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $134.03, for a total value of $300,897.35. Following the sale, the insider now directly owns 188,173 shares in the company, valued at $25,220,827.19. This trade represents a 1.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,624,472 shares of company stock worth $203,509,100. 27.83% of the stock is owned by corporate insiders.

Airbnb Stock Performance

Shares of Airbnb stock traded down $1.20 during midday trading on Monday, reaching $130.53. 4,239,896 shares of the company's stock traded hands, compared to its average volume of 5,026,557. The stock has a 50 day moving average of $128.10 and a 200-day moving average of $130.54. The company has a market cap of $81.77 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 2.47 and a beta of 1.14. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. Airbnb had a return on equity of 30.91% and a net margin of 22.60%. Airbnb's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. On average, equities analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ABNB. JMP Securities restated a "market perform" rating on shares of Airbnb in a research report on Friday, May 2nd. Susquehanna decreased their price objective on shares of Airbnb from $200.00 to $150.00 and set a "positive" rating on the stock in a research report on Monday, May 5th. Royal Bank Of Canada decreased 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. Evercore ISI decreased their price objective on shares of Airbnb from $165.00 to $145.00 and set an "in-line" rating on the stock in a research report on Friday, May 2nd. Finally, Phillip Securities cut shares of Airbnb from a "hold" rating to a "moderate sell" rating in a research report on Friday, May 9th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company 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.