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

H&H Retirement Design & Management INC bought a new stake in 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 (SEC). The fund bought 3,722 shares of the company's stock, valued at approximately $415,000.

A number of other institutional investors have also bought and sold shares of ABNB. Park Square Financial Group LLC acquired a new stake in shares of Airbnb during the 4th quarter worth approximately $26,000. Orion Capital Management LLC bought a new position in Airbnb during the fourth quarter worth $28,000. Graney & King LLC acquired a new stake in Airbnb in the fourth quarter worth $32,000. Whipplewood Advisors LLC bought a new stake in Airbnb in the fourth quarter valued at $44,000. Finally, University of Texas Texas AM Investment Management Co. bought a new stake in Airbnb in the fourth quarter valued at $49,000. Institutional investors own 80.76% of the company's stock.

Insider Transactions at Airbnb

In related news, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $129.46, for a total transaction of $30,552,560.00. Following the sale, the director now directly owns 944,015 shares of the company's stock, valued at approximately $122,212,181.90. This represents a 20.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $132.27, for a total transaction of $79,362.00. Following the completion of the transaction, the chief technology officer now directly owns 212,777 shares of the company's stock, valued at $28,144,013.79. 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 have sold 1,646,087 shares of company stock valued at $206,326,144. Insiders own 27.91% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on ABNB. Phillip Securities downgraded Airbnb from a "hold" rating to a "moderate sell" rating in a research note on Friday, May 9th. Needham & Company LLC reissued a "hold" rating on shares of Airbnb in a research note on Wednesday, May 14th. Jefferies Financial Group upgraded Airbnb from a "hold" rating to a "buy" rating and boosted their price objective for the company from $165.00 to $185.00 in a report on Monday, March 10th. Truist Financial reiterated a "sell" rating and issued a $106.00 target price (down from $112.00) on shares of Airbnb in a report on Friday, May 30th. Finally, Piper Sandler decreased their price target on shares of Airbnb from $145.00 to $132.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $141.23.

Airbnb Price Performance

NASDAQ:ABNB traded down $2.48 during mid-day trading on Wednesday, hitting $129.67. 3,763,494 shares of the company's stock were exchanged, compared to its average volume of 5,023,648. The company has a market cap of $81.23 billion, a PE ratio of 33.37, a P/E/G ratio of 2.47 and a beta of 1.14. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. The business has a fifty day moving average price of $128.80 and a 200 day moving average price of $130.50.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). The company 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%. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.41 earnings per share. On average, equities analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

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.