1,945 Shares in Airbnb, Inc. (NASDAQ:ABNB) Bought by Lafayette Investments Inc.

Lafayette Investments Inc. acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,945 shares of the company's stock, valued at approximately $232,000.

A number of other institutional investors also recently modified their holdings of ABNB. Park Square Financial Group LLC acquired a new position in shares of Airbnb during the 4th quarter valued at $26,000. Orion Capital Management LLC acquired a new position in shares of Airbnb during the 4th quarter valued at $28,000. Bartlett & CO. Wealth Management LLC lifted its position 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 valued at $31,000 after acquiring an additional 174 shares during the period. Graney & King LLC acquired a new position in shares of Airbnb during the 4th quarter valued at $32,000. Finally, Whipplewood Advisors LLC acquired a new position in shares of Airbnb during the 4th quarter valued at $44,000. 80.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ABNB shares. Citigroup dropped their target price on shares of Airbnb from $170.00 to $155.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Wedbush lowered shares of Airbnb from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $150.00 to $135.00 in a research note on Friday, May 2nd. JPMorgan Chase & Co. dropped their price objective on shares of Airbnb from $160.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. UBS Group dropped their price objective on shares of Airbnb from $160.00 to $138.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Finally, Wells Fargo & Company raised their price objective on shares of Airbnb from $100.00 to $104.00 and gave the company an "underweight" rating in a research note on Friday, May 2nd. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $141.23.

Insider Activity

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction that occurred on 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 transaction, the director now directly owns 944,015 shares of the company's stock, valued at approximately $122,212,181.90. This trade represents a 20.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Nathan Blecharczyk sold 2,245 shares of Airbnb stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $134.03, for a total transaction of $300,897.35. Following the transaction, 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 ninety days, insiders sold 1,646,087 shares of company stock worth $206,326,144. 27.91% of the stock is owned by company insiders.

Airbnb Stock Up 0.6%

NASDAQ ABNB traded up $0.80 during trading hours on Friday, reaching $134.52. 4,929,624 shares of the company were exchanged, compared to its average volume of 5,039,164. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The business's 50 day simple moving average is $130.00 and its 200-day simple moving average is $130.39. The stock has a market capitalization of $84.26 billion, a P/E ratio of 33.97, a P/E/G ratio of 2.52 and a beta of 1.14.

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 for 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 in the prior year, the business earned $0.41 EPS. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

About Airbnb

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.