Range Financial Group LLC Takes Position in Airbnb, Inc. (NASDAQ:ABNB)

Range Financial Group LLC bought a new position in Airbnb, Inc. (NASDAQ:ABNB) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,362 shares of the company’s stock, valued at approximately $225,000.

Other institutional investors have also recently bought and sold shares of the company. CVA Family Office LLC acquired a new position in Airbnb in the fourth quarter valued at about $26,000. Orion Capital Management LLC bought a new stake in shares of Airbnb during the third quarter worth approximately $27,000. Bfsg LLC bought a new position in Airbnb in the fourth quarter valued at approximately $27,000. Trust Co. of Vermont bought a new stake in shares of Airbnb during the 4th quarter valued at $27,000. Finally, Vima LLC acquired a new position in shares of Airbnb in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ABNB. B. Riley initiated coverage on Airbnb in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price objective for the company. HSBC downgraded Airbnb from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $160.00 to $156.00 in a research note on Thursday, May 9th. Citigroup lowered their price target on Airbnb from $170.00 to $167.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Truist Financial boosted their price objective on Airbnb from $131.00 to $134.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. Finally, Piper Sandler Companies raised their target price on shares of Airbnb from $145.00 to $155.00 and gave the stock a “neutral” rating in a report on Thursday, May 9th. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Airbnb has an average rating of “Hold” and a consensus target price of $152.38.

Airbnb Price Performance

NASDAQ:ABNB opened at $148.39 on Tuesday. Airbnb, Inc. has a 52 week low of $113.24 and a 52 week high of $170.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.44. The firm’s 50-day simple moving average is $150.95 and its 200 day simple moving average is $150.78. The firm has a market cap of $95.57 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 1.83 and a beta of 1.18.

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

Insider Activity

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $149.90, for a total transaction of $89,940.00. Following the sale, the chief technology officer now directly owns 209,974 shares in the company, valued at $31,475,102.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $149.90, for a total transaction of $89,940.00. Following the completion of the transaction, the chief technology officer now owns 209,974 shares of the company’s stock, valued at approximately $31,475,102.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian Chesky sold 115,385 shares of the company’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 sale, the chief executive officer now 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. In the last three months, insiders sold 290,360 shares of company stock worth $42,785,432. 27.83% of the stock is currently owned by company insiders.

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.