First Long Island Investors LLC Increases Position in Airbnb, Inc. (NASDAQ:ABNB)

First Long Island Investors LLC lifted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 0.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,065 shares of the company’s stock after purchasing an additional 71 shares during the period. First Long Island Investors LLC’s holdings in Airbnb were worth $12,383,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of ABNB. CVA Family Office LLC purchased a new position in shares of Airbnb in the 4th quarter valued at about $26,000. Orion Capital Management LLC purchased a new position in shares of Airbnb in the 3rd quarter valued at about $27,000. Bfsg LLC purchased a new position in shares of Airbnb in the 4th quarter valued at about $27,000. Trust Co. of Vermont purchased a new stake in Airbnb during the 4th quarter worth approximately $27,000. Finally, Vima LLC purchased a new stake in Airbnb during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $155.83, for a total transaction of $93,498.00. Following the completion of the sale, the chief technology officer now owns 221,704 shares in the company, valued at $34,548,134.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Joseph Gebbia sold 1,500 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $150.00, for a total value of $225,000.00. Following the completion of the sale, the director now owns 42,087 shares in the company, valued at $6,313,050. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $155.83, for a total transaction of $93,498.00. Following the sale, the chief technology officer now owns 221,704 shares of the company’s stock, valued at $34,548,134.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 540,307 shares of company stock worth $80,338,959. Company insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

Shares of ABNB stock traded down $5.84 during mid-day trading on Thursday, hitting $146.00. 6,286,597 shares of the stock were exchanged, compared to its average volume of 4,383,476. The stock’s fifty day simple moving average is $148.89 and its two-hundred day simple moving average is $151.39. The stock has a market capitalization of $94.03 billion, a price-to-earnings ratio of 19.54, a P/E/G ratio of 1.88 and a beta of 1.18. 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 quick ratio of 1.44 and a current ratio of 1.44.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $2.06 billion. During the same quarter in the prior year, the firm earned $0.18 earnings per share. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. On average, analysts forecast that Airbnb, Inc. will post 4.65 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. BMO Capital Markets boosted their price objective on Airbnb from $135.00 to $151.00 and gave the stock a “market perform” rating in a research note on Thursday, May 9th. HSBC lowered Airbnb from a “buy” rating to a “hold” rating and dropped their price target for the company from $160.00 to $156.00 in a research report on Thursday, May 9th. B. Riley started coverage on Airbnb in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on Airbnb from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Thursday, May 9th. Finally, Mizuho upgraded Airbnb from a “neutral” rating to a “buy” rating and upped their price objective for the company from $150.00 to $200.00 in a report on Wednesday, April 24th. 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 company. According to MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus target price of $152.44.

Airbnb Company 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.