Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT lifted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 1,231.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,741 shares of the company’s stock after purchasing an additional 19,183 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Airbnb were worth $3,145,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Transcendent Capital Group LLC acquired a new position in shares of Airbnb during the first quarter worth $25,000. Trust Co. of Vermont bought a new stake in shares of Airbnb in the fourth quarter worth $27,000. New Millennium Group LLC bought a new stake in shares of Airbnb in the second quarter worth $28,000. Vima LLC bought a new stake in shares of Airbnb in the fourth quarter worth $29,000. Finally, Cultivar Capital Inc. bought a new stake in shares of Airbnb in the second quarter worth $30,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ABNB has been the subject of a number of research analyst reports. Royal Bank of Canada dropped their price target on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Benchmark restated a “buy” rating and issued a $155.00 price target on shares of Airbnb in a research note on Monday, August 26th. JPMorgan Chase & Co. dropped their price target on shares of Airbnb from $145.00 to $121.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Jefferies Financial Group lowered their target price on shares of Airbnb from $125.00 to $120.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Finally, Morgan Stanley boosted their target price on shares of Airbnb from $120.00 to $130.00 and gave the company an “underweight” rating in a research note on Tuesday, July 23rd. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and an average price target of $134.17.

Insiders Place Their Bets

In other Airbnb news, CEO Brian Chesky sold 115,385 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $148.68, for a total transaction of $17,155,441.80. Following the sale, the chief executive officer now owns 14,029,687 shares in the company, valued at approximately $2,085,933,863.16. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Joseph Gebbia sold 1,500 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $150.00, for a total value of $225,000.00. Following the transaction, the director now owns 42,087 shares in the company, valued at approximately $6,313,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Chesky sold 115,385 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $148.68, for a total value of $17,155,441.80. Following the completion of the transaction, the chief executive officer now owns 14,029,687 shares in the company, valued at approximately $2,085,933,863.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 449,332 shares of company stock worth $67,263,009. Company insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

ABNB stock opened at $122.42 on Thursday. The company has a 50-day simple moving average of $126.26 and a 200 day simple moving average of $145.03. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $78.84 billion, a P/E ratio of 16.39, a PEG ratio of 1.54 and a beta of 1.16. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. Airbnb had a return on equity of 34.74% and a net margin of 46.11%. Airbnb’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 EPS. Sell-side analysts predict that Airbnb, Inc. will post 4.39 earnings per share for the current fiscal 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.