Ieq Capital LLC raised its stake in Airbnb, Inc. (NASDAQ:ABNB – Get Rating) by 2.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 122,738 shares of the company’s stock after buying an additional 3,108 shares during the quarter. Ieq Capital LLC’s holdings in Airbnb were worth $21,082,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of Airbnb by 22.1% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,499 shares of the company’s stock worth $3,177,000 after purchasing an additional 3,350 shares during the period. YorkBridge Wealth Partners LLC raised its position in shares of Airbnb by 34.2% during the first quarter. YorkBridge Wealth Partners LLC now owns 28,758 shares of the company’s stock worth $4,939,000 after purchasing an additional 7,334 shares during the period. CWM LLC acquired a new stake in shares of Airbnb during the fourth quarter worth about $439,000. Steward Partners Investment Advisory LLC raised its position in shares of Airbnb by 25.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 25,415 shares of the company’s stock worth $4,231,000 after purchasing an additional 5,092 shares during the period. Finally, JustInvest LLC raised its position in shares of Airbnb by 203.6% during the fourth quarter. JustInvest LLC now owns 8,358 shares of the company’s stock worth $1,392,000 after purchasing an additional 5,605 shares during the period. 34.66% of the stock is currently owned by hedge funds and other institutional investors.
In other Airbnb news, CTO Aristotle N. Balogh sold 4,000 shares of Airbnb stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $120.63, for a total value of $482,520.00. Following the completion of the transaction, the chief technology officer now directly owns 266,203 shares of the company’s stock, valued at approximately $32,112,067.89. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 2,500 shares of Airbnb stock in a transaction on Friday, July 1st. The shares were sold at an average price of $89.09, for a total value of $222,725.00. Following the completion of the transaction, the chief technology officer now directly owns 263,703 shares of the company’s stock, valued at $23,493,300.27. The disclosure for this sale can be found here. Insiders sold a total of 644,936 shares of company stock valued at $86,724,377 over the last ninety days. Insiders own 32.69% of the company’s stock.
Airbnb (NASDAQ:ABNB – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.28) by $0.25. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Airbnb had a return on equity of 18.51% and a net margin of 12.12%. The company’s quarterly revenue was up 70.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.75) EPS. On average, analysts predict that Airbnb, Inc. will post 1.89 EPS for the current fiscal year.
A number of research firms have recently commented on ABNB. Mizuho dropped their price target on Airbnb from $205.00 to $175.00 in a research report on Wednesday, May 4th. Wolfe Research decreased their price objective on Airbnb from $130.00 to $110.00 and set a “peer perform” rating for the company in a report on Wednesday, June 15th. Barclays decreased their price objective on Airbnb from $185.00 to $170.00 in a report on Wednesday, May 4th. Deutsche Bank Aktiengesellschaft increased their price objective on Airbnb from $150.00 to $155.00 in a report on Wednesday, May 4th. Finally, Susquehanna Bancshares decreased their price target on Airbnb from $235.00 to $190.00 in a research note on Thursday, May 5th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $182.39.
Airbnb Profile (Get Rating)
Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.
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