RFG Advisory LLC Buys 2,426 Shares of Airbnb, Inc. (NASDAQ:ABNB)

RFG Advisory LLC raised its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 36.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,043 shares of the company's stock after acquiring an additional 2,426 shares during the period. RFG Advisory LLC's holdings in Airbnb were worth $1,080,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in ABNB. Stratos Wealth Advisors LLC raised its stake in Airbnb by 1.2% during the 4th quarter. Stratos Wealth Advisors LLC now owns 18,404 shares of the company's stock valued at $2,418,000 after acquiring an additional 210 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Airbnb by 15.0% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 128,726 shares of the company's stock valued at $17,146,000 after acquiring an additional 16,773 shares in the last quarter. Confluence Wealth Services Inc. bought a new stake in Airbnb during the 4th quarter valued at $211,000. Trilogy Capital Inc. raised its stake in Airbnb by 34.7% during the 4th quarter. Trilogy Capital Inc. now owns 15,586 shares of the company's stock valued at $2,048,000 after acquiring an additional 4,015 shares in the last quarter. Finally, Financial Advocates Investment Management bought a new stake in Airbnb during the 4th quarter valued at $323,000. Institutional investors own 80.76% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on ABNB. BTIG Research reissued a "neutral" rating on shares of Airbnb in a research note on Wednesday, May 28th. Susquehanna dropped their price objective on Airbnb from $200.00 to $150.00 and set a "positive" rating on the stock in a research note on Monday, May 5th. JPMorgan Chase & Co. dropped their price objective on Airbnb from $160.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. B. Riley dropped their price objective on Airbnb from $145.00 to $140.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Finally, Argus raised Airbnb from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have given a buy rating and two have assigned 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 target price of $141.23.

Airbnb Stock Up 2.4%

NASDAQ:ABNB traded up $3.35 on Friday, hitting $140.64. 8,960,261 shares of the company's stock traded hands, compared to its average volume of 5,002,332. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The firm has a 50-day moving average price of $123.61 and a 200-day moving average price of $130.76. The company has a market cap of $88.10 billion, a PE ratio of 34.05, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The company's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS. Equities analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Activity at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $126.80, for a total transaction of $27,171,338.00. Following the completion of the sale, the director now owns 214,290 shares of the company's stock, valued at $27,171,972. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $130.18, for a total value of $91,126.00. Following the sale, the chief technology officer now directly owns 172,119 shares of the company's stock, valued at $22,406,451.42. The trade was a 0.41% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,642,018 shares of company stock valued at $202,748,249. 27.91% of the stock is owned by corporate 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.