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

Aristides Capital LLC grew its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 11.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,950 shares of the company’s stock after acquiring an additional 1,000 shares during the quarter. Aristides Capital LLC’s holdings in Airbnb were worth $1,509,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Joel Isaacson & Co. LLC increased its holdings in shares of Airbnb by 2.3% in the first quarter. Joel Isaacson & Co. LLC now owns 2,986 shares of the company’s stock valued at $493,000 after purchasing an additional 67 shares during the period. Miracle Mile Advisors LLC lifted its holdings in shares of Airbnb by 0.7% in the 1st quarter. Miracle Mile Advisors LLC now owns 9,339 shares of the company’s stock valued at $1,541,000 after buying an additional 68 shares during the period. Farrow Financial Inc. boosted its stake in shares of Airbnb by 1.0% in the second quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock worth $1,087,000 after buying an additional 69 shares during the last quarter. Heritage Wealth Advisors raised its position in Airbnb by 55.0% during the first quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock valued at $33,000 after acquiring an additional 71 shares in the last quarter. Finally, GYL Financial Synergies LLC lifted its holdings in Airbnb by 5.0% in the second quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock valued at $241,000 after acquiring an additional 76 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Brian Chesky sold 230,769 shares of Airbnb stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $27,692,280.00. Following the transaction, the chief executive officer now directly owns 13,315,912 shares in the company, valued at approximately $1,597,909,440. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Airbnb news, CEO Brian Chesky sold 230,769 shares of Airbnb stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $27,692,280.00. Following the sale, the chief executive officer now owns 13,315,912 shares of the company’s stock, valued at approximately $1,597,909,440. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $152.92, for a total value of $91,752.00. Following the completion of the sale, the chief technology officer now directly owns 208,174 shares of the company’s stock, valued at $31,833,968.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 552,389 shares of company stock valued at $75,733,256. 27.83% of the stock is owned by company insiders.

Airbnb Trading Down 1.1 %

NASDAQ:ABNB opened at $126.81 on Tuesday. 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’s 50 day moving average price is $123.28 and its 200 day moving average price is $142.99. The company has a market capitalization of $81.67 billion, a PE ratio of 16.98, a P/E/G ratio of 1.72 and a beta of 1.16.

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

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Cantor Fitzgerald reissued an “underweight” rating and set a $94.00 price target on shares of Airbnb in a report on Monday. Bank of America dropped their price target on shares of Airbnb from $160.00 to $132.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Wells Fargo & Company decreased their price target on shares of Airbnb from $129.00 to $100.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 7th. Wedbush reduced their target price on Airbnb from $165.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Finally, Benchmark reaffirmed a “buy” rating and issued a $155.00 price target on shares of Airbnb in a research note on Monday, August 26th. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Airbnb currently has an average rating of “Hold” and a consensus target price of $134.16.

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.