Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by Edge Capital Group LLC

Edge Capital Group LLC grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,617 shares of the company’s stock after acquiring an additional 87 shares during the quarter. Edge Capital Group LLC’s holdings in Airbnb were worth $1,155,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its position in Airbnb by 90.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,643 shares of the company’s stock worth $229,000 after acquiring an additional 780 shares during the last quarter. Fairscale Capital LLC purchased a new position in Airbnb in the 2nd quarter worth approximately $182,000. Frank Rimerman Advisors LLC boosted its holdings in shares of Airbnb by 696.0% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 1,982 shares of the company’s stock worth $301,000 after purchasing an additional 1,733 shares during the last quarter. Profund Advisors LLC grew its position in shares of Airbnb by 10.2% in the second quarter. Profund Advisors LLC now owns 65,788 shares of the company’s stock valued at $9,975,000 after purchasing an additional 6,110 shares in the last quarter. Finally, Symmetry Investments LP increased its holdings in shares of Airbnb by 262.6% in the second quarter. Symmetry Investments LP now owns 79,387 shares of the company’s stock valued at $12,037,000 after purchasing an additional 57,493 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ABNB has been the topic of a number of recent research reports. The Goldman Sachs Group lowered their price objective on Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a research note on Thursday, August 8th. Royal Bank of Canada lowered their price target on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. B. Riley cut their price objective on shares of Airbnb from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Airbnb from $143.00 to $90.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Finally, Barclays cut their price target on shares of Airbnb from $110.00 to $100.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $134.17.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $148.97, for a total value of $89,382.00. Following the sale, the chief technology officer now directly owns 209,374 shares in the company, valued at approximately $31,190,444.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $148.97, for a total value of $89,382.00. Following the sale, the chief technology officer now directly owns 209,374 shares in the company, valued at approximately $31,190,444.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Chesky sold 230,769 shares of Airbnb stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the sale, the chief executive officer now owns 13,315,912 shares in the company, valued at $1,597,909,440. The disclosure for this sale can be found here. In the last three months, insiders have sold 564,624 shares of company stock worth $77,580,547. 27.83% of the stock is currently owned by corporate insiders.

Airbnb Stock Performance

Shares of ABNB stock opened at $131.18 on Monday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The stock has a market capitalization of $84.49 billion, a PE ratio of 17.56, a P/E/G ratio of 1.54 and a beta of 1.16. The firm has a 50 day moving average of $125.60 and a two-hundred day moving average of $144.63.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same period in the prior year, the business earned $0.98 EPS. The business’s quarterly revenue was up 10.6% on a year-over-year basis. On average, research analysts predict that Airbnb, Inc. will post 4.39 EPS for the current fiscal 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.