1,309 Shares in Airbnb, Inc. (NASDAQ:ABNB) Acquired by Marcum Wealth LLC

Marcum Wealth LLC purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 1,309 shares of the company’s stock, valued at approximately $216,000.

Other large investors also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. purchased a new position in Airbnb during the third quarter worth about $2,189,000. LPL Financial LLC grew its holdings in Airbnb by 0.4% in the third quarter. LPL Financial LLC now owns 158,078 shares of the company’s stock valued at $21,690,000 after purchasing an additional 691 shares during the period. Visionary Wealth Advisors increased its position in Airbnb by 12.2% during the third quarter. Visionary Wealth Advisors now owns 2,242 shares of the company’s stock worth $308,000 after purchasing an additional 243 shares during the last quarter. Mariner LLC raised its stake in Airbnb by 17.1% during the third quarter. Mariner LLC now owns 52,294 shares of the company’s stock worth $7,175,000 after purchasing an additional 7,636 shares during the period. Finally, Stifel Financial Corp boosted its holdings in shares of Airbnb by 7.9% in the 3rd quarter. Stifel Financial Corp now owns 127,405 shares of the company’s stock valued at $17,481,000 after purchasing an additional 9,282 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ABNB shares. B. Riley Financial began coverage on Airbnb in a research report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 target price on the stock. Wells Fargo & Company increased their target price on shares of Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a research report on Monday, April 1st. JPMorgan Chase & Co. raised their price target on shares of Airbnb from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Thursday, May 9th. Mizuho upgraded shares of Airbnb from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $150.00 to $200.00 in a research note on Wednesday, April 24th. Finally, DA Davidson reissued a “neutral” rating and issued a $145.00 target price on shares of Airbnb in a research note on Thursday, May 9th. Four equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $152.38.

Insider Activity

In other Airbnb news, CAO David C. Bernstein sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $145.50, for a total value of $291,000.00. Following the transaction, the chief accounting officer now owns 45,043 shares of the company’s stock, valued at $6,553,756.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CTO Aristotle N. Balogh sold 22,170 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $169.18, for a total transaction of $3,750,720.60. Following the completion of the transaction, the chief technology officer now owns 143,731 shares of the company’s stock, valued at $24,316,410.58. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO David C. Bernstein sold 2,000 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $145.50, for a total transaction of $291,000.00. Following the completion of the sale, the chief accounting officer now directly owns 45,043 shares in the company, valued at approximately $6,553,756.50. The disclosure for this sale can be found here. In the last three months, insiders sold 311,930 shares of company stock valued at $46,446,212. Company insiders own 27.83% of the company’s stock.

Airbnb Trading Up 1.1 %

Shares of NASDAQ ABNB opened at $149.57 on Friday. The stock has a market capitalization of $96.33 billion, a P/E ratio of 20.02, a PEG ratio of 1.83 and a beta of 1.18. The stock’s 50 day moving average price is $151.09 and its two-hundred day moving average price is $150.49. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.25. Airbnb, Inc. has a 52-week low of $113.24 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.18. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same period last year, the business posted $0.18 earnings per share. On average, analysts anticipate that Airbnb, Inc. will post 4.66 earnings per share for the current fiscal year.

About Airbnb

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.