NBC Securities Inc. Increases Position in Airbnb, Inc. (NASDAQ:ABNB)

NBC Securities Inc. raised its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 111,554.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,282 shares of the company's stock after purchasing an additional 12,271 shares during the quarter. NBC Securities Inc.'s holdings in Airbnb were worth $1,467,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. MJP Associates Inc. ADV grew its position in Airbnb by 1.8% during the fourth quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock valued at $490,000 after buying an additional 67 shares during the period. CAP Partners LLC raised its holdings in Airbnb by 3.6% in the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company's stock worth $293,000 after purchasing an additional 77 shares during the period. Lindbrook Capital LLC lifted its position in Airbnb by 1.4% during the fourth quarter. Lindbrook Capital LLC now owns 5,540 shares of the company's stock valued at $728,000 after purchasing an additional 78 shares in the last quarter. Ellevest Inc. lifted its position in Airbnb by 3.1% during the fourth quarter. Ellevest Inc. now owns 2,655 shares of the company's stock valued at $349,000 after purchasing an additional 80 shares in the last quarter. Finally, Manchester Capital Management LLC grew its holdings in Airbnb by 18.2% during the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company's stock valued at $69,000 after purchasing an additional 81 shares during the period. Hedge funds and other institutional investors own 80.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ABNB. UBS Group dropped their price target on shares of Airbnb from $160.00 to $138.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Barclays decreased their target price on Airbnb from $120.00 to $103.00 and set an "underweight" rating on the stock in a research note on Friday, May 2nd. JMP Securities reissued a "market perform" rating on shares of Airbnb in a report on Friday, May 2nd. Morgan Stanley lifted their price target on shares of Airbnb from $125.00 to $130.00 and gave the company an "underweight" rating in a report on Thursday, April 17th. Finally, Canaccord Genuity Group dropped their price target on Airbnb from $190.00 to $180.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $141.23.

Airbnb Stock Up 0.5%

Shares of NASDAQ:ABNB traded up $0.61 during trading hours on Wednesday, hitting $133.51. The company's stock had a trading volume of 4,501,012 shares, compared to its average volume of 4,961,349. The firm's fifty day moving average price is $122.61 and its 200 day moving average price is $130.64. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The company has a market capitalization of $83.63 billion, a price-to-earnings ratio of 32.33, a P/E/G ratio of 3.52 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). The business had revenue of $2.27 billion for the quarter, compared to analysts' expectations of $2.26 billion. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The business's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 earnings per share. As a group, research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Buying and Selling

In other news, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $128.66, for a total transaction of $30,363,760.00. Following the completion of the sale, the director now owns 1,416,015 shares in the company, valued at approximately $182,184,489.90. This represents a 14.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $130.18, for a total value of $91,126.00. Following the completion of the sale, the chief technology officer now directly owns 172,119 shares of the company's stock, valued at approximately $22,406,451.42. This represents a 0.41% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,635,768 shares of company stock worth $201,921,499 in the last three months. 27.91% of the stock is owned by insiders.

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.