1,861 Shares in Airbnb, Inc. (NASDAQ:ABNB) Purchased by Integrity Wealth Solutions LLC

Integrity Wealth Solutions LLC purchased a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) during the 1st quarter, HoldingsChannel.com reports. The firm purchased 1,861 shares of the company’s stock, valued at approximately $307,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Algert Global LLC purchased a new position in Airbnb in the 3rd quarter worth $358,000. Gotham Asset Management LLC bought a new position in Airbnb in the 3rd quarter worth $353,000. AQR Capital Management LLC increased its position in shares of Airbnb by 74.4% during the third quarter. AQR Capital Management LLC now owns 146,724 shares of the company’s stock valued at $20,132,000 after buying an additional 62,606 shares during the period. Alps Advisors Inc. lifted its holdings in Airbnb by 180.9% in the third quarter. Alps Advisors Inc. now owns 14,392 shares of the company’s stock worth $1,975,000 after buying an additional 9,269 shares during the period. Finally, Adage Capital Partners GP L.L.C. purchased a new stake in Airbnb in the third quarter worth $58,163,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Trading Up 0.2 %

NASDAQ:ABNB opened at $154.58 on Wednesday. The firm has a 50 day moving average of $150.20 and a 200 day moving average of $151.11. 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 52 week low of $113.24 and a 52 week high of $170.10. The stock has a market capitalization of $99.56 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 1.88 and a beta of 1.18.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.18. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.06 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 earnings per share. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.65 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on ABNB. UBS Group raised their price objective on Airbnb from $143.00 to $157.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. HSBC lowered Airbnb from a “buy” rating to a “hold” rating and lowered their price target for the stock from $160.00 to $156.00 in a research report on Thursday, May 9th. Citigroup cut their price objective on shares of Airbnb from $170.00 to $167.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. BMO Capital Markets lifted their target price on shares of Airbnb from $135.00 to $151.00 and gave the stock a “market perform” rating in a report on Thursday, May 9th. Finally, Piper Sandler Companies increased their price target on shares of Airbnb from $145.00 to $155.00 and gave the company a “neutral” rating in a report on Thursday, May 9th. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and a consensus target price of $152.38.

Insider Buying and Selling at Airbnb

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 stock was 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 directly owns 46,467 shares of the company’s stock, valued at $6,971,908.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Brian Chesky sold 115,385 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $146.08, for a total transaction of $16,855,440.80. Following the completion of the sale, the chief executive officer now directly owns 14,260,457 shares in the company, valued at $2,083,167,558.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 44,990 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $6,971,908.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 424,322 shares of company stock worth $62,720,612. Insiders own 27.83% of the company’s stock.

Airbnb Profile

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.