Patron Partners LLC acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 2,152 shares of the company's stock, valued at approximately $257,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Park Square Financial Group LLC purchased a new stake in Airbnb during the fourth quarter valued at about $26,000. Orion Capital Management LLC bought a new stake in shares of Airbnb in the 4th quarter valued at about $28,000. Bartlett & CO. Wealth Management LLC boosted its holdings in 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 bought a new position in Airbnb during the 4th quarter worth approximately $32,000. Finally, Whipplewood Advisors LLC purchased a new position in Airbnb in the 4th quarter worth approximately $44,000. Institutional investors own 80.76% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. Benchmark dropped their price objective on Airbnb from $178.00 to $155.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Wells Fargo & Company raised their price target on shares of Airbnb from $100.00 to $104.00 and gave the stock an "underweight" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. decreased their price objective on shares of Airbnb from $160.00 to $115.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. Evercore ISI dropped 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. Finally, Needham & Company LLC restated a "hold" rating on shares of Airbnb in a report on Wednesday, May 14th. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Airbnb has a consensus rating of "Hold" and an average price target of $141.23.
Check Out Our Latest Research Report on ABNB
Insider Transactions at Airbnb
In other news, CTO Aristotle N. Balogh sold 700 shares of the firm's 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 transaction, the chief technology officer now owns 170,019 shares of the company's stock, valued at $20,346,173.73. This trade represents a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nathan Blecharczyk sold 2,245 shares of the 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 completion of the sale, the insider now directly owns 188,173 shares of the company's stock, valued at $25,220,827.19. This represents a 1.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,646,087 shares of company stock worth $206,326,144 in the last 90 days. 27.91% of the stock is currently owned by insiders.
Airbnb Price Performance
NASDAQ ABNB opened at $134.52 on Friday. The stock has a market capitalization of $84.26 billion, a price-to-earnings ratio of 33.97, a PEG ratio of 2.50 and a beta of 1.14. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93. The business's fifty day moving average price is $130.00 and its 200-day moving average price is $130.45.
Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). The firm had revenue of $2.27 billion for the quarter, compared to analysts' expectations of $2.26 billion. Airbnb had a net margin of 22.60% and a return on equity of 30.91%. The firm's revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. Equities research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.
About Airbnb
(
Free Report)
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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