Garde Capital Inc. Raises Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Garde Capital Inc. grew its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 903.7% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,287 shares of the company’s stock after purchasing an additional 6,561 shares during the period. Garde Capital Inc.’s holdings in Airbnb were worth $1,105,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

A number of research analysts have commented on ABNB shares. TD Cowen decreased their price target on Airbnb from $170.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. UBS Group reduced their price objective on Airbnb from $160.00 to $134.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. B. Riley reduced their price objective on Airbnb from $150.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Cantor Fitzgerald reiterated an “underweight” rating and issued a $94.00 price objective on shares of Airbnb in a research note on Monday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. 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 data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $134.16.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $151.29, for a total transaction of $90,774.00. Following the completion of the transaction, the chief technology officer now owns 208,774 shares in the company, valued at approximately $31,585,418.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CAO David C. Bernstein sold 1,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $145.88, for a total transaction of $145,880.00. Following the completion of 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $151.29, for a total value of $90,774.00. Following the transaction, the chief technology officer now directly owns 208,774 shares of the company’s stock, valued at $31,585,418.46. The disclosure for this sale can be found here. Insiders sold a total of 552,989 shares of company stock valued at $75,824,030 over the last three months. 27.83% of the stock is currently owned by company insiders.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $128.25 on Monday. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The stock has a market capitalization of $82.60 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.72 and a beta of 1.16. The company has a 50-day simple moving average of $123.75 and a 200-day simple moving average of $143.27. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data 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 company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The firm’s revenue was up 10.6% on a year-over-year basis. On average, analysts predict that Airbnb, Inc. will post 4.39 EPS for the current 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.