Motley Fool Asset Management LLC Buys 12,055 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Key Points

• Motley Fool Asset Management LLC increased its stake in Airbnb, purchasing an additional 12,055 shares, bringing its total holdings to 28,903 shares valued at approximately $3.45 million.
• Airbnb's recent earnings report revealed an EPS of $1.03, beating analysts' expectations and showing a 12.7% year-over-year revenue increase to $3.10 billion.
• Insider transactions included significant sales, such as Director Joseph Gebbia selling 236,000 shares for over $30 million, indicating noteworthy shifts in insider ownership.

Motley Fool Asset Management LLC increased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 71.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,903 shares of the company's stock after acquiring an additional 12,055 shares during the quarter. Motley Fool Asset Management LLC's holdings in Airbnb were worth $3,453,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Park Square Financial Group LLC acquired a new position in Airbnb during the fourth quarter worth $26,000. Orion Capital Management LLC acquired a new position in Airbnb during the fourth quarter worth $28,000. Stonebridge Financial Group LLC raised its holdings in Airbnb by 75.7% during the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock worth $29,000 after buying an additional 106 shares during the last quarter. Bartlett & CO. Wealth Management LLC raised its holdings 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. Finally, SouthState Corp raised its holdings in Airbnb by 216.1% during the first quarter. SouthState Corp now owns 294 shares of the company's stock worth $35,000 after buying an additional 201 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Airbnb Trading Up 0.1%

Shares of ABNB stock traded up $0.09 during trading on Thursday, reaching $124.64. 4,706,158 shares of the company's stock traded hands, compared to its average volume of 5,339,889. The company has a market capitalization of $78.08 billion, a P/E ratio of 30.18, a PEG ratio of 2.22 and a beta of 1.13. The firm's 50-day moving average is $134.33 and its 200 day moving average is $130.78. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly 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. The company had revenue of $3.10 billion for the quarter, compared to analysts' expectations of $3.02 billion. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. Airbnb's revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.86 EPS. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ABNB has been the topic of several research reports. B. Riley lowered their price objective on shares of Airbnb from $145.00 to $140.00 and set a "neutral" rating on the stock in a report on Friday, May 2nd. Wedbush lowered their target price on shares of Airbnb from $135.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, August 7th. Evercore ISI lowered their target price on shares of Airbnb from $165.00 to $145.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Truist Financial reiterated a "sell" rating and issued a $106.00 target price (down previously from $112.00) on shares of Airbnb in a report on Friday, May 30th. Finally, Piper Sandler lowered their target price on shares of Airbnb from $145.00 to $132.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Five investment analysts have rated the stock with a sell rating, eighteen have issued 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.com, Airbnb has a consensus rating of "Hold" and an average price target of $142.72.

Insider Activity

In related news, CAO David C. Bernstein sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $142.00, for a total transaction of $710,000.00. Following the sale, the chief accounting officer owned 42,619 shares of the company's stock, valued at approximately $6,051,898. This represents a 10.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $139.39, for a total transaction of $83,634.00. Following the sale, the chief technology officer directly owned 209,777 shares in the company, valued at $29,240,816.03. This trade represents a 0.29% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,671,023 shares of company stock worth $223,195,427. Insiders own 27.91% of the company's stock.

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.