Janney Montgomery Scott LLC Has $7.17 Million Holdings in Airbnb, Inc. $ABNB

Key Points

• Janney Montgomery Scott LLC increased its holdings in Airbnb to $7.17 million, now owning 54,212 shares after boosting its stake by 5.9% in Q2.
• Airbnb's stock performance shows a 52-week range of $99.88 to $163.93, with a current market cap of $74.71 billion and a P/E ratio of 29.11.
• The latest earnings report revealed Airbnb's revenue of $3.10 billion for the quarter, exceeding analyst estimates and indicating a year-over-year increase of 12.7%.

Janney Montgomery Scott LLC grew its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 5.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,212 shares of the company's stock after buying an additional 3,020 shares during the period. Janney Montgomery Scott LLC's holdings in Airbnb were worth $7,174,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of ABNB. Kentucky Trust Co bought a new position in shares of Airbnb during the 2nd quarter worth approximately $25,000. Stonebridge Financial Group LLC boosted its holdings in shares of Airbnb by 75.7% during the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock worth $29,000 after buying an additional 106 shares in the last quarter. Bartlett & CO. Wealth Management LLC boosted its holdings in shares of Airbnb by 209.6% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock worth $31,000 after buying an additional 174 shares in the last quarter. Armstrong Advisory Group Inc. boosted its holdings in shares of Airbnb by 363.6% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company's stock worth $34,000 after buying an additional 200 shares in the last quarter. Finally, SouthState Corp boosted its holdings in shares of Airbnb by 216.1% during the 1st quarter. SouthState Corp now owns 294 shares of the company's stock worth $35,000 after buying an additional 201 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Airbnb Stock Performance

Shares of ABNB opened at $120.22 on Monday. The business has a 50-day moving average of $125.86 and a 200 day moving average of $127.59. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The firm has a market cap of $74.71 billion, a P/E ratio of 29.11, a price-to-earnings-growth ratio of 2.19 and a beta of 1.10.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.11. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same quarter last year, the firm posted $0.86 EPS. The firm's revenue for the quarter was up 12.7% on a year-over-year basis. As a group, research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ABNB. Phillip Securities upgraded Airbnb from a "moderate sell" rating to a "hold" rating in a report on Friday, August 8th. Zacks Research upgraded Airbnb to a "hold" rating in a report on Tuesday, August 12th. Royal Bank Of Canada increased their target price on Airbnb from $140.00 to $145.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Wedbush cut their target price on Airbnb from $135.00 to $130.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. Finally, Truist Financial cut their target price on Airbnb from $106.00 to $104.00 and set a "sell" rating on the stock in a report on Wednesday, September 3rd. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nineteen have assigned a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $141.81.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $124.96, for a total transaction of $74,976.00. Following the completion of the transaction, the chief technology officer owned 202,006 shares of the company's stock, valued at $25,242,669.76. The trade was a 0.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO David C. Bernstein sold 5,000 shares of Airbnb stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $142.00, for a total value of $710,000.00. Following the transaction, the chief accounting officer directly owned 42,619 shares of the company's stock, valued at $6,051,898. The trade was a 10.50% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,431,476 shares of company stock worth $182,776,618. 27.83% 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.

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