Algert Global LLC Buys New Stake in Airbnb, Inc. (NASDAQ:ABNB)

Algert Global LLC acquired a new position in Airbnb, Inc. (NASDAQ:ABNB) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,467 shares of the company’s stock, valued at approximately $374,000.

A number of other large investors have also recently added to or reduced their stakes in ABNB. Transcendent Capital Group LLC acquired a new position in shares of Airbnb in the first quarter worth $25,000. Trust Co. of Vermont acquired a new position in shares of Airbnb during the fourth quarter valued at about $27,000. New Millennium Group LLC bought a new stake in shares of Airbnb in the second quarter valued at about $28,000. Vima LLC acquired a new stake in Airbnb during the fourth quarter worth about $29,000. Finally, Cultivar Capital Inc. bought a new position in Airbnb during the second quarter valued at about $30,000. 80.76% of the stock is currently owned by institutional investors.

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $130.23 on Tuesday. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $83.87 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.72 and a beta of 1.17. The firm’s 50-day moving average is $121.96 and its 200 day moving average is $141.98.

Airbnb (NASDAQ:ABNB) last posted its earnings results 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 during the quarter, compared to analysts’ expectations of $2.74 billion. Airbnb had a net margin of 46.11% and a return on equity of 34.74%. Airbnb’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. Research analysts predict that Airbnb, Inc. will post 4.39 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research report on Wednesday, August 7th. TD Cowen reduced their price target on shares of Airbnb from $170.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Robert W. Baird decreased their price objective on Airbnb from $140.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. B. Riley decreased their price target on shares of Airbnb from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Finally, UBS Group dropped their target price on shares of Airbnb from $160.00 to $134.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average price target of $134.16.

Insider Transactions at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 42,719 shares of the business’s 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 directly owns 16,472 shares in the company, valued at approximately $2,083,378.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, July 16th. The stock was sold at an average price of $148.47, for a total transaction of $89,082.00. Following the completion of the sale, the chief technology officer now owns 207,574 shares in the company, valued at $30,818,511.78. The trade was 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 through the SEC website. Also, Director Joseph Gebbia sold 42,719 shares of Airbnb stock in a transaction dated 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 sale, the director now owns 16,472 shares in the company, valued at $2,083,378.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 556,646 shares of company stock valued at $73,382,099 in the last ninety days. 27.83% of the stock is currently owned by corporate insiders.

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.