MBB Public Markets I LLC Acquires Shares of 2,547 Airbnb, Inc. $ABNB

Key Points

• MBB Public Markets I LLC acquired 2,547 shares of Airbnb Inc. for approximately $304,000 during the first quarter, reflecting growing institutional interest in the company.
• Airbnb's stock recently traded at $123.41, with a market cap of $76.69 billion and an average price target of $142.66 according to analysts.
• Insider trading activity shows that CFO Elinor Mertz sold 6,250 shares for over $849,000, while overall insider sales in the last ninety days totaled 1.4 million shares.

MBB Public Markets I LLC bought a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,547 shares of the company's stock, valued at approximately $304,000.

Other large investors also recently modified their holdings of the company. Park Square Financial Group LLC acquired a new stake in shares of Airbnb during the fourth quarter valued at about $26,000. Orion Capital Management LLC acquired a new stake in shares of Airbnb during the fourth quarter valued at about $28,000. Stonebridge Financial Group LLC grew its stake in shares of Airbnb by 75.7% during the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock valued at $29,000 after acquiring an additional 106 shares in the last quarter. Bartlett & CO. Wealth Management LLC grew its stake in shares of Airbnb by 209.6% during the first 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 in the last quarter. Finally, SouthState Corp grew its stake in shares of Airbnb by 216.1% during the first quarter. SouthState Corp now owns 294 shares of the company's stock valued at $35,000 after acquiring an additional 201 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Stock Down 0.3%

Shares of ABNB stock opened at $123.41 on Thursday. The business has a 50 day moving average of $131.01 and a two-hundred day moving average of $128.89. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The company has a market cap of $76.69 billion, a P/E ratio of 29.88, a PEG ratio of 2.26 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $1.03 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $3.02 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. Airbnb's quarterly revenue was up 12.7% compared to the same quarter last year. Analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $135.86, for a total value of $849,125.00. Following the completion of the transaction, the chief financial officer directly owned 461,361 shares in the company, valued at $62,680,505.46. The trade was a 1.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO David C. Bernstein sold 5,000 shares of Airbnb stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $142.00, for a total value of $710,000.00. Following the completion of the transaction, the chief accounting officer owned 42,619 shares of the company's stock, valued at approximately $6,051,898. The trade was a 10.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,438,326 shares of company stock valued at $188,798,155. 27.91% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Citizens Jmp upgraded Airbnb to a "hold" rating in a research note on Monday, August 11th. Wedbush lowered their target price on Airbnb from $135.00 to $130.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Jefferies Financial Group decreased their price target on Airbnb from $165.00 to $160.00 and set a "buy" rating for the company in a research note on Monday, August 11th. Truist Financial decreased their price target on Airbnb from $106.00 to $104.00 and set a "sell" rating for the company in a research note on Wednesday, September 3rd. Finally, BTIG Research reiterated a "neutral" rating on shares of Airbnb in a research note on Wednesday, May 28th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nineteen have assigned a Hold rating and five have given a Sell rating to the company's stock. According to data from MarketBeat, Airbnb currently has an average rating of "Hold" and a consensus target price of $142.66.

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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