CRA Financial Services LLC has purchased a new stake in the shares of Airbnb, Inc. (NASDAQ: ABNB – Get a rating) in the first trimester, Holdings Channel.com reports. The company purchased 1,342 shares of the company, valued at approximately $231,000.
Other hedge funds have also recently increased or reduced their stakes in the company. Baldwin Brothers LLC MA acquired a new position in Airbnb during Q4 worth approximately $25,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in Airbnb during Q4 worth approximately $25,000. Core Wealth Advisors Inc. acquired a new position in Airbnb during Q4 worth approximately $26,000. Itau Unibanco Holding SA bought a new position in shares of Airbnb during the 4th quarter for a value of approximately $28,000. Finally, City State Bank bought a new position in Airbnb stock during Q4 for a value of around $25,000. Institutional investors and hedge funds own 34.66% of the company’s shares.
ABNB opened at $103.51 on Monday. The company has a fifty-day moving average price of $124.59 and a 200-day moving average price of $148.87. The company has a market capitalization of $66.54 billion, a P/E ratio of 89.23 and a beta of 0.32. The company has a debt ratio of 0.42, a current ratio of 1.61 and a quick ratio of 1.61. Airbnb, Inc. has a one-year minimum of $92.09 and a one-year maximum of $212.58.
Airbnb (NASDAQ: ABNB – Get a rating) last released its quarterly results on Tuesday, May 3. The company reported ($0.03) EPS for the quarter, beating analyst consensus estimates of ($0.28) by $0.25. The company posted revenue of $1.51 billion in the quarter, against analyst estimates of $1.45 billion. Airbnb had a net margin of 12.12% and a return on equity of 18.51%. The company’s revenue for the quarter increased 70.1% year over year. During the same period of the previous year, the company achieved EPS of $1.75. On average, analysts expect Airbnb, Inc. to post earnings per share of 1.89 for the current year.
In related news, Insider Joseph Gebbia sold 250,000 shares of the company in a transaction on Monday, June 13. The shares were sold at an average price of $100.28, for a total value of $25,070,000.00. Following the completion of the transaction, the insider now directly owns 3,438,742 shares of the company, valued at $344,837,047.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Additionally, director Belinda J. Johnson sold 1,000 shares of the company in a trade on Thursday, June 16. The stock was sold at an average price of $96.39, for a total transaction of $96,390.00. Following the completion of the transaction, the director now owns 5,920 shares of the company, valued at $570,628.80. Disclosure of this sale can be found here. Insiders sold a total of 653,411 shares of the company worth $89,326,520 in the past 90 days. Insiders of the company own 32.69% of the shares of the company.
Several equity analysts commented on the stock. Truist Financial lowered its price target on Airbnb shares from $190.00 to $160.00 and set a “hold” rating on the stock in a Friday, June 3 research report. KeyCorp lowered its price target on Airbnb shares from $210.00 to $195.00 in a Tuesday, May 3 research report. Stifel Nicolaus lowered his price target on Airbnb shares from $205.00 to $180.00 in a Wednesday May 4 research report. JMP Securities downgraded Airbnb shares from an “outperforming” rating to a “market performing” rating in a Wednesday, June 22 research report. Finally, Tigress Financial raised its price target on Airbnb shares from $206.00 to $214.00 and gave the stock a “buy” rating in a Wednesday, March 2, report. One equity research analyst gave the stock a sell rating, sixteen gave the stock a hold rating and fourteen gave the stock a buy rating. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $190.13.
Airbnb Profile (Get a rating)
Airbnb, Inc., together with its subsidiaries, operates a platform that enables hosts to provide stays and experiences to travelers around the world. The company’s marketplace model connects hosts and guests online or via mobile devices to book spaces and experiences. It mainly offers private rooms, main residences or vacation homes.
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