Northwest Wealth Management LLC Makes New Investment in Airbnb, Inc. (NASDAQ:ABNB)

Northwest Wealth Management LLC purchased a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,930 shares of the company's stock, valued at approximately $231,000.

Several other large investors have also recently made changes to their positions in the business. Park Square Financial Group LLC purchased a new position in shares of Airbnb in the fourth quarter worth $26,000. Orion Capital Management LLC purchased a new position in shares of Airbnb in the fourth quarter worth $28,000. Graney & King LLC purchased a new position in shares of Airbnb in the fourth quarter worth $32,000. Stonebridge Financial Group LLC increased its stake in shares of Airbnb by 75.7% in 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 period. Finally, Bartlett & CO. Wealth Management LLC increased its stake in shares of Airbnb by 209.6% in 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 period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $119.67, for a total value of $83,769.00. Following the completion of the transaction, the chief technology officer now owns 170,019 shares of the company's stock, valued at $20,346,173.73. The trade was a 0.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $129.46, for a total value of $30,552,560.00. Following the completion of the transaction, the director now directly owns 944,015 shares of the company's stock, valued at approximately $122,212,181.90. This represents a 20.00% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,646,087 shares of company stock valued at $206,326,144 in the last quarter. 27.83% of the stock is owned by insiders.

Airbnb Price Performance

ABNB opened at $134.52 on Monday. The stock has a 50-day moving average price of $130.00 and a 200-day moving average price of $130.34. The firm has a market cap of $84.26 billion, a PE ratio of 33.97, a P/E/G ratio of 2.52 and a beta of 1.14. 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 posted its quarterly earnings results 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 company had revenue of $2.27 billion during the quarter, compared to analysts' expectations 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 period in the prior year, the firm earned $0.41 EPS. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Upgrades and Downgrades

ABNB has been the topic of several analyst reports. Robert W. Baird decreased their target price on shares of Airbnb from $175.00 to $160.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th. JPMorgan Chase & Co. decreased their target price 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. Barclays decreased their target price on shares of Airbnb from $120.00 to $103.00 and set an "underweight" rating on the stock in a research note on Friday, May 2nd. DA Davidson raised shares of Airbnb from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $170.00 to $155.00 in a research note on Wednesday, April 30th. Finally, Benchmark decreased their target price on shares of Airbnb from $178.00 to $155.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $141.23.

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.

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