2,625 Shares in Airbnb, Inc. (NASDAQ:ABNB) Acquired by Sivia Capital Partners LLC

Sivia Capital Partners LLC bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,625 shares of the company’s stock, valued at approximately $357,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Mount Vernon Associates Inc. MD increased its position in Airbnb by 1.0% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,270 shares of the company’s stock worth $990,000 after buying an additional 75 shares during the period. Cambridge Trust Co. increased its holdings in shares of Airbnb by 10.0% in the fourth quarter. Cambridge Trust Co. now owns 825 shares of the company’s stock valued at $112,000 after purchasing an additional 75 shares during the period. Waldron Private Wealth LLC increased its holdings in shares of Airbnb by 0.5% in the fourth quarter. Waldron Private Wealth LLC now owns 16,171 shares of the company’s stock valued at $2,201,000 after purchasing an additional 78 shares during the period. Venturi Wealth Management LLC increased its holdings in shares of Airbnb by 36.2% in the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the company’s stock valued at $41,000 after purchasing an additional 80 shares during the period. Finally, Centurion Wealth Management LLC increased its holdings in shares of Airbnb by 2.3% in the fourth quarter. Centurion Wealth Management LLC now owns 3,605 shares of the company’s stock valued at $491,000 after purchasing an additional 81 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ABNB. B. Riley began coverage on Airbnb in a research report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price objective for the company. Piper Sandler Companies increased their price objective on Airbnb from $145.00 to $155.00 and gave the stock a “neutral” rating in a research report on Thursday, May 9th. Citigroup cut their price objective on Airbnb from $170.00 to $167.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Truist Financial upped their target price on Airbnb from $131.00 to $134.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Finally, B. Riley Financial started coverage on Airbnb in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $152.38.

Airbnb Stock Performance

NASDAQ:ABNB traded up $2.60 during midday trading on Monday, reaching $148.57. 2,654,438 shares of the company traded hands, compared to its average volume of 4,417,316. Airbnb, Inc. has a twelve month low of $113.24 and a twelve month high of $170.10. The firm has a market capitalization of $95.69 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 1.80 and a beta of 1.18. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44. The company has a fifty day moving average price of $152.42 and a 200 day moving average price of $150.00.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.18. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.06 billion. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.18 EPS. On average, analysts expect that Airbnb, Inc. will post 4.67 EPS for the current fiscal year.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 78,682 shares of Airbnb stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the sale, the chief technology officer now owns 144,331 shares of the company’s stock, valued at approximately $24,435,238.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CTO Aristotle N. Balogh sold 78,682 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total value of $13,320,862.60. Following the sale, the chief technology officer now owns 144,331 shares of the company’s stock, valued at approximately $24,435,238.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO David C. Bernstein sold 6,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $147.00, for a total value of $882,000.00. Following the completion of the sale, the chief accounting officer now directly owns 47,043 shares in the company, valued at approximately $6,915,321. The disclosure for this sale can be found here. Insiders have sold 388,612 shares of company stock valued at $59,476,075 in the last quarter. Corporate insiders own 27.83% of the company’s stock.

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.