Airbnb, Inc. (NASDAQ:ABNB) Shares Purchased by Centaurus Financial Inc.

Centaurus Financial Inc. grew its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 111.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,948 shares of the company’s stock after buying an additional 3,661 shares during the period. Centaurus Financial Inc.’s holdings in Airbnb were worth $1,054,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ABNB. Transcendent Capital Group LLC bought a new stake in shares of Airbnb during the 1st quarter valued at about $25,000. New Millennium Group LLC acquired a new position in Airbnb in the second quarter valued at approximately $28,000. Trust Co. of Vermont bought a new position in shares of Airbnb during the fourth quarter valued at approximately $27,000. Westend Capital Management LLC acquired a new stake in shares of Airbnb during the 1st quarter worth approximately $33,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Airbnb in the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Trading Up 3.6 %

NASDAQ:ABNB opened at $129.85 on Friday. The stock has a fifty day simple moving average of $122.16 and a 200 day simple moving average of $142.50. The firm has a market capitalization of $83.63 billion, a price-to-earnings ratio of 17.38, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. 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 (NASDAQ:ABNB) last announced its 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 return on equity of 34.74% and a net margin of 46.11%. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.74 billion. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 earnings per share. Sell-side analysts forecast that Airbnb, Inc. will post 4.39 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Joseph Gebbia sold 42,719 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total value of $5,403,099.12. Following the completion of the sale, the director now owns 16,472 shares in the company, valued at $2,083,378.56. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO David C. Bernstein sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $145.88, for a total transaction of $145,880.00. Following the transaction, the chief accounting officer now directly owns 44,043 shares of the company’s stock, valued at approximately $6,424,992.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joseph Gebbia sold 42,719 shares of the stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total transaction of $5,403,099.12. Following the completion of the sale, the director now owns 16,472 shares of the company’s stock, valued at approximately $2,083,378.56. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 672,631 shares of company stock worth $91,006,602. Corporate insiders own 27.83% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the subject of a number of recent research reports. Truist Financial lowered their price objective on Airbnb from $134.00 to $124.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Argus lowered shares of Airbnb from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Morgan Stanley lifted their price objective on shares of Airbnb from $120.00 to $130.00 and gave the company an “underweight” rating in a research report on Tuesday, July 23rd. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group dropped their price target on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a research note on Thursday, August 8th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target 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.