HighPoint Advisor Group LLC Purchases Shares of 8,166 Airbnb, Inc. (NASDAQ:ABNB)

HighPoint Advisor Group LLC purchased a new stake in Airbnb, Inc. (NASDAQ:ABNBFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 8,166 shares of the company’s stock, valued at approximately $1,112,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mount Vernon Associates Inc. MD lifted its stake in Airbnb by 1.0% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,270 shares of the company’s stock valued at $990,000 after purchasing an additional 75 shares during the last quarter. Cambridge Trust Co. lifted its stake in Airbnb by 10.0% in the 4th 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 last quarter. Waldron Private Wealth LLC raised its stake in shares of Airbnb by 0.5% during the fourth quarter. Waldron Private Wealth LLC now owns 16,171 shares of the company’s stock valued at $2,201,000 after acquiring an additional 78 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of Airbnb by 36.2% during the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the company’s stock valued at $41,000 after acquiring an additional 80 shares during the last quarter. Finally, Centurion Wealth Management LLC raised its stake in shares of Airbnb by 2.3% during the fourth quarter. Centurion Wealth Management LLC now owns 3,605 shares of the company’s stock valued at $491,000 after acquiring an additional 81 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Airbnb news, Director Joseph Gebbia sold 44,990 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $150.04, for a total value of $6,750,299.60. Following the completion of the transaction, the director now owns 46,467 shares of the company’s stock, valued at approximately $6,971,908.68. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Joseph Gebbia sold 44,990 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $150.04, for a total value of $6,750,299.60. Following the completion of the sale, the director now directly owns 46,467 shares in the company, valued at approximately $6,971,908.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 78,682 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief technology officer now owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The disclosure for this sale can be found here. Insiders sold a total of 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.

Airbnb Price Performance

NASDAQ:ABNB traded down $0.74 during mid-day trading on Tuesday, hitting $148.76. 521,708 shares of the stock traded hands, compared to its average volume of 4,404,384. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.25. Airbnb, Inc. has a 12-month low of $113.24 and a 12-month high of $170.10. The company has a market cap of $95.81 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 1.80 and a beta of 1.18. The business’s 50-day moving average price is $152.21 and its 200 day moving average price is $150.33.

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ABNB. Wedbush raised shares of Airbnb from a “neutral” rating to an “outperform” rating and raised their price target for the company from $160.00 to $165.00 in a research note on Tuesday, May 28th. BMO Capital Markets raised their price target on shares of Airbnb from $135.00 to $151.00 and gave the company a “market perform” rating in a research note on Thursday, May 9th. JPMorgan Chase & Co. increased their price objective on shares of Airbnb from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Thursday, May 9th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research report on Thursday, May 9th. Finally, TD Cowen decreased their price objective on shares of Airbnb from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $152.38.

Check Out Our Latest Stock Analysis on Airbnb

Airbnb Profile

(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.

See Also

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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