B. Riley Wealth Advisors Inc. Acquires 1,353 Shares of Airbnb, Inc. (NASDAQ:ABNB)

B. Riley Wealth Advisors Inc. lifted its holdings in Airbnb, Inc. (NASDAQ:ABNB – Get Rating) by 8.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,274 shares of the company’s stock after acquiring an additional 1,353 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Airbnb were worth $1,920,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Mine & Arao Wealth Creation & Management LLC. raised its position in shares of Airbnb by 65.8% in the 2nd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 378 shares of the company’s stock worth $33,000 after acquiring an additional 150 shares in the last quarter. TCI Wealth Advisors Inc. increased its position in Airbnb by 96.2% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 357 shares of the company’s stock valued at $37,000 after buying an additional 175 shares in the last quarter. Quadrant Capital Group LLC increased its position in Airbnb by 144.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 432 shares of the company’s stock valued at $38,000 after buying an additional 255 shares in the last quarter. Psagot Value Holdings Ltd. Israel bought a new stake in Airbnb in the 3rd quarter valued at about $38,000. Finally, Washington Trust Advisors Inc. increased its position in Airbnb by 32.3% in the 3rd quarter. Washington Trust Advisors Inc. now owns 451 shares of the company’s stock valued at $47,000 after buying an additional 110 shares in the last quarter. 39.02% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ABNB. Credit Suisse Group boosted their target price on Airbnb from $154.00 to $160.00 and gave the company a “neutral” rating in a research report on Wednesday, February 15th. UBS Group boosted their price objective on Airbnb from $114.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, February 15th. Royal Bank of Canada boosted their price objective on Airbnb from $110.00 to $135.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 15th. Citigroup boosted their price objective on Airbnb from $140.00 to $148.00 and gave the stock a “buy” rating in a report on Thursday, February 16th. Finally, Loop Capital boosted their price objective on Airbnb from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, February 16th. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $140.52.

Airbnb Trading Down 1.5 %

Airbnb stock opened at $118.15 on Friday. The stock has a market cap of $75.68 billion, a P/E ratio of 42.20, a PEG ratio of 1.85 and a beta of 1.15. Airbnb, Inc. has a fifty-two week low of $81.91 and a fifty-two week high of $179.09. The firm’s fifty day moving average price is $115.22 and its 200-day moving average price is $107.52. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.86 and a current ratio of 1.86.

Airbnb (NASDAQ:ABNB – Get Rating) last released its quarterly earnings results on Tuesday, February 14th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.21. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.86 billion. Airbnb had a net margin of 22.54% and a return on equity of 35.92%. The business’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 earnings per share. Equities research analysts forecast that Airbnb, Inc. will post 3.38 earnings per share for the current fiscal year.

Insider Transactions at Airbnb

In related news, Director Joseph Gebbia sold 350,000 shares of the stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $117.22, for a total value of $41,027,000.00. Following the transaction, the director now owns 6,483,435 shares of the company’s stock, valued at $759,988,250.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Belinda J. Johnson sold 2,000 shares of the stock in a transaction on Friday, February 17th. The stock was sold at an average price of $137.03, for a total value of $274,060.00. Following the transaction, the director now owns 5,920 shares of the company’s stock, valued at $811,217.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph Gebbia sold 350,000 shares of the stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $117.22, for a total value of $41,027,000.00. Following the completion of the transaction, the director now directly owns 6,483,435 shares in the company, valued at approximately $759,988,250.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,066,863 shares of company stock valued at $256,807,889. 32.69% of the stock is currently owned by company insiders.

Airbnb Company Profile

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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.