Advisory Resource Group Buys 1,133 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Advisory Resource Group lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 14.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,140 shares of the company’s stock after acquiring an additional 1,133 shares during the quarter. Advisory Resource Group’s holdings in Airbnb were worth $1,171,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Column Capital Advisors LLC lifted its position in shares of Airbnb by 5.8% during the 1st quarter. Column Capital Advisors LLC now owns 1,455 shares of the company’s stock worth $181,000 after purchasing an additional 80 shares during the last quarter. Mirador Capital Partners LP lifted its position in shares of Airbnb by 1.5% during the 1st quarter. Mirador Capital Partners LP now owns 6,220 shares of the company’s stock worth $774,000 after purchasing an additional 90 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. lifted its position in shares of Airbnb by 2.2% during the 1st quarter. Meiji Yasuda Asset Management Co Ltd. now owns 4,220 shares of the company’s stock worth $525,000 after purchasing an additional 90 shares during the last quarter. True Capital Management lifted its position in shares of Airbnb by 1.0% during the 1st quarter. True Capital Management now owns 9,500 shares of the company’s stock worth $1,182,000 after purchasing an additional 94 shares during the last quarter. Finally, Macroview Investment Management LLC lifted its position in shares of Airbnb by 76.0% during the 1st quarter. Macroview Investment Management LLC now owns 220 shares of the company’s stock worth $27,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 44.19% of the company’s stock.

Airbnb Stock Performance

Shares of NASDAQ:ABNB traded down $0.64 during trading on Monday, reaching $142.11. 609,660 shares of the stock were exchanged, compared to its average volume of 6,492,900. Airbnb, Inc. has a 12 month low of $81.91 and a 12 month high of $154.95. The firm has a market cap of $91.98 billion, a PE ratio of 41.48, a PEG ratio of 1.91 and a beta of 1.29. The stock has a 50-day moving average price of $138.93 and a 200-day moving average price of $125.69. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.39.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.21. Airbnb had a net margin of 25.31% and a return on equity of 42.90%. The company had revenue of $2.48 billion during the quarter, compared to the consensus estimate of $2.42 billion. During the same period in the previous year, the business earned $0.56 earnings per share. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. Research analysts expect that Airbnb, Inc. will post 3.72 EPS for the current fiscal year.

Insider Activity

In other Airbnb news, insider Nathan Blecharczyk sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $130.85, for a total transaction of $5,234,000.00. Following the completion of the transaction, the insider now directly owns 1,164,797 shares in the company, valued at $152,413,687.45. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Airbnb news, insider Nathan Blecharczyk sold 40,000 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $130.85, for a total transaction of $5,234,000.00. Following the sale, the insider now owns 1,164,797 shares of the company’s stock, valued at $152,413,687.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joseph Gebbia sold 516,667 shares of the business’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $124.65, for a total transaction of $64,402,541.55. Following the completion of the sale, the director now directly owns 2,700,101 shares in the company, valued at approximately $336,567,589.65. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,147,348 shares of company stock worth $295,803,385. Corporate insiders own 30.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. DA Davidson boosted their price objective on Airbnb from $140.00 to $162.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. Susquehanna boosted their price objective on Airbnb from $155.00 to $165.00 in a research report on Monday, August 7th. Melius initiated coverage on Airbnb in a report on Monday, July 31st. They issued a “neutral” rating and a $160.00 price target for the company. Bank of America upped their price target on Airbnb from $135.00 to $146.00 in a report on Wednesday, July 12th. Finally, Morgan Stanley upped their price target on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Friday, August 18th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $144.81.

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 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.