Mather Group LLC. Increases Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Mather Group LLC. raised its stake in Airbnb, Inc. (NASDAQ:ABNB) by 84.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,017 shares of the company’s stock after buying an additional 1,382 shares during the period. Mather Group LLC.’s holdings in Airbnb were worth $498,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Transcendent Capital Group LLC purchased a new stake in shares of Airbnb during the first quarter valued at approximately $25,000. Bfsg LLC bought a new stake in shares of Airbnb in the fourth quarter worth $27,000. Trust Co. of Vermont bought a new position in shares of Airbnb during the fourth quarter worth about $27,000. Vima LLC acquired a new position in Airbnb in the fourth quarter worth $29,000. Finally, Westend Capital Management LLC acquired a new position in Airbnb in the first quarter valued at approximately $33,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Up 4.1 %

Shares of NASDAQ:ABNB traded up $5.16 during trading on Tuesday, hitting $130.47. 10,980,646 shares of the company were exchanged, compared to its average volume of 4,412,055. The firm’s 50 day moving average price is $146.33 and its 200-day moving average price is $152.15. Airbnb, Inc. has a 12-month low of $113.24 and a 12-month high of $170.10. 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 stock has a market capitalization of $84.03 billion, a P/E ratio of 17.47, a PEG ratio of 1.67 and a beta of 1.18.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.18. The firm had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.06 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The firm’s revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share. On average, research analysts predict that Airbnb, Inc. will post 4.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

ABNB has been the topic of a number of research analyst reports. TD Cowen lowered their target price on shares of Airbnb from $180.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Piper Sandler Companies boosted their price objective on Airbnb from $145.00 to $155.00 and gave the stock a “neutral” rating in a research note on Thursday, May 9th. Morgan Stanley increased their price objective on Airbnb from $120.00 to $130.00 and gave the company an “underweight” rating in a research report on Tuesday, July 23rd. Truist Financial raised their target price on Airbnb from $131.00 to $134.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Finally, Citigroup reduced 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. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $153.58.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $152.92, for a total transaction of $91,752.00. Following the completion of the sale, the chief technology officer now directly owns 208,174 shares of the company’s stock, valued at approximately $31,833,968.08. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $152.92, for a total transaction of $91,752.00. Following the completion of the sale, the chief technology officer now directly owns 208,174 shares of the company’s stock, valued at approximately $31,833,968.08. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO David C. Bernstein sold 2,000 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $145.50, for a total value of $291,000.00. Following the completion of the transaction, the chief accounting officer now owns 45,043 shares in the company, valued at approximately $6,553,756.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 734,892 shares of company stock worth $109,326,124. 27.83% of the stock is currently owned by insiders.

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.