GAMMA Investing LLC Increases Stake in Airbnb, Inc. (NASDAQ:ABNB)

GAMMA Investing LLC lifted its position in Airbnb, Inc. (NASDAQ:ABNB) by 49.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,861 shares of the company’s stock after buying an additional 615 shares during the period. GAMMA Investing LLC’s holdings in Airbnb were worth $307,000 as of its most recent SEC filing.

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

Insider Activity

In other news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $160.71, for a total transaction of $96,426.00. Following the sale, the chief technology officer now owns 143,131 shares of the company’s stock, valued at $23,002,583.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $160.71, for a total transaction of $96,426.00. Following the sale, the chief technology officer now owns 143,131 shares of the company’s stock, valued at $23,002,583.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 115,385 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $146.08, for a total value of $16,855,440.80. Following the transaction, the chief executive officer now directly owns 14,260,457 shares of the company’s stock, valued at $2,083,167,558.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 311,930 shares of company stock valued at $46,446,212. 27.83% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Airbnb from $140.00 to $145.00 and gave the stock a “neutral” rating in a research note on Thursday, May 9th. B. Riley began coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price target for the company. Piper Sandler reissued a “neutral” rating and issued a $155.00 price objective (up previously from $145.00) on shares of Airbnb in a report on Thursday, May 9th. Bank of America upped their target price on shares of Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a report on Thursday, March 14th. Finally, B. Riley Financial started coverage on shares of Airbnb in a research note on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Airbnb has an average rating of “Hold” and a consensus price target of $152.38.

Airbnb Stock Down 1.5 %

Shares of NASDAQ:ABNB opened at $147.29 on Thursday. The company has a market capitalization of $94.86 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.82 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 business has a 50-day moving average price of $151.90 and a 200 day moving average price of $150.42. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 EPS 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 firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period in the prior year, the business posted $0.18 EPS. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. Sell-side analysts expect that Airbnb, Inc. will post 4.66 EPS for the current year.

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.