Lake Street Private Wealth LLC Invests $241,000 in Airbnb, Inc. (NASDAQ:ABNB)

Lake Street Private Wealth LLC acquired a new position in Airbnb, Inc. (NASDAQ:ABNB) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,462 shares of the company’s stock, valued at approximately $241,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CVA Family Office LLC bought a new position in shares of Airbnb during the fourth quarter worth $26,000. Orion Capital Management LLC bought a new position in shares of Airbnb during the third quarter worth $27,000. Bfsg LLC bought a new position in shares of Airbnb during the fourth quarter worth $27,000. Trust Co. of Vermont bought a new position in shares of Airbnb during the fourth quarter worth $27,000. Finally, Vima LLC bought a new position in shares of Airbnb during the fourth quarter worth $29,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $162.00, for a total transaction of $97,200.00. Following the transaction, the chief technology officer now owns 219,904 shares of the company’s stock, valued at approximately $35,624,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $162.00, for a total transaction of $97,200.00. Following the transaction, the chief technology officer now owns 219,904 shares of the company’s stock, valued at approximately $35,624,448. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Gebbia sold 44,990 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $150.04, for a total transaction of $6,750,299.60. Following the completion of the sale, the director now owns 46,467 shares in the company, valued at $6,971,908.68. The disclosure for this sale can be found here. In the last quarter, insiders have sold 424,922 shares of company stock valued at $62,811,386. Company insiders own 27.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. B. Riley Financial began coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 target price for the company. Bank of America increased their price objective on shares of Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. HSBC lowered shares of Airbnb from a “buy” rating to a “hold” rating and lowered their price objective for the company from $160.00 to $156.00 in a research report on Thursday, May 9th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research report on Thursday, May 9th. Finally, Wedbush upgraded shares of Airbnb from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $160.00 to $165.00 in a research report on Tuesday, May 28th. Four equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and an average price target of $152.38.

Airbnb Trading Down 1.0 %

ABNB stock opened at $152.73 on Friday. The company has a market capitalization of $98.36 billion, a PE ratio of 20.45, a P/E/G ratio of 1.91 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 firm’s 50-day moving average is $149.79 and its 200 day moving average is $151.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.18. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.06 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. On average, research analysts anticipate that Airbnb, Inc. will post 4.65 EPS for the current year.

Airbnb 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.