Highland Capital Management LLC Has $4.72 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Highland Capital Management LLC increased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 48.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,492 shares of the company's stock after acquiring an additional 12,933 shares during the period. Highland Capital Management LLC's holdings in Airbnb were worth $4,718,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Park Square Financial Group LLC acquired a new position in Airbnb during the fourth quarter worth approximately $26,000. Orion Capital Management LLC acquired a new position in Airbnb during the fourth quarter worth approximately $28,000. Bartlett & CO. Wealth Management LLC increased 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 worth $31,000 after buying an additional 174 shares during the last quarter. Graney & King LLC acquired a new position in Airbnb during the fourth quarter worth approximately $32,000. Finally, Whipplewood Advisors LLC acquired a new position in Airbnb during the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Airbnb Stock Up 0.6%

Shares of ABNB stock traded up $0.80 during trading hours on Friday, reaching $134.52. The company's stock had a trading volume of 4,929,624 shares, compared to its average volume of 5,039,164. The firm's 50 day simple moving average is $130.00 and its 200-day simple moving average is $130.39. The company has a market capitalization of $84.26 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 2.52 and a beta of 1.14. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. Airbnb had a net margin of 22.60% and a return on equity of 30.91%. The company'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 business posted $0.41 EPS. Sell-side analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $119.67, for a total value of $83,769.00. Following the completion of the transaction, the chief technology officer now directly owns 170,019 shares in the company, valued at approximately $20,346,173.73. This represents a 0.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 236,000 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $129.46, for a total value of $30,552,560.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,646,087 shares of company stock worth $206,326,144. Insiders own 27.91% of the company's stock.

Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of recent analyst reports. Cantor Fitzgerald reissued an "underweight" rating and set a $100.00 price target on shares of Airbnb in a research report on Wednesday, May 14th. DA Davidson raised Airbnb from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $170.00 to $155.00 in a research report on Wednesday, April 30th. Barclays decreased their target price on Airbnb from $120.00 to $103.00 and set an "underweight" rating on the stock in a research report on Friday, May 2nd. Evercore ISI decreased their target price on 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, BTIG Research reaffirmed a "neutral" rating on shares of Airbnb in a research report on Wednesday, May 28th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Airbnb currently has an average rating of "Hold" and an average price target 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.