United Asset Strategies Inc. Buys New Shares in Airbnb, Inc. $ABNB

United Asset Strategies Inc. bought a new position in shares of Airbnb, Inc. (NASDAQ:ABNBFree Report) during the first quarter, HoldingsChannel reports. The firm bought 7,646 shares of the company’s stock, valued at approximately $966,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Transamerica Financial Advisors LLC lifted its position in shares of Airbnb by 143.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after acquiring an additional 112 shares during the period. ORG Partners LLC increased its stake in Airbnb by 97.0% in the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after acquiring an additional 96 shares during the period. Entrust Financial LLC acquired a new position in Airbnb in the fourth quarter worth about $27,000. Aventura Private Wealth LLC acquired a new position in Airbnb in the fourth quarter worth about $29,000. Finally, Sunbelt Securities Inc. lifted its stake in Airbnb by 397.7% during the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares during the period. 80.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ABNB. Wells Fargo & Company boosted their price target on Airbnb from $178.00 to $181.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Susquehanna increased their price objective on Airbnb from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Friday, May 8th. Needham & Company LLC initiated coverage on Airbnb in a report on Monday, May 4th. They set a “buy” rating for the company. Oppenheimer upgraded shares of Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 target price on the stock in a research note on Monday, May 4th. Finally, CICC Research began coverage on shares of Airbnb in a report on Friday, June 5th. They issued an “outperform” rating and a $165.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Airbnb currently has an average rating of “Moderate Buy” and an average price target of $158.36.

View Our Latest Report on ABNB

Insider Buying and Selling at Airbnb

In related news, Director Kenneth I. Chenault sold 8,346 shares of Airbnb stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $150.00, for a total value of $1,251,900.00. Following the sale, the director owned 40,879 shares of the company’s stock, valued at approximately $6,131,850. This trade represents a 16.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 30,743 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $138.40, for a total transaction of $4,254,831.20. Following the completion of the sale, the chief executive officer directly owned 10,701,685 shares in the company, valued at approximately $1,481,113,204. This represents a 0.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 2,309,354 shares of company stock worth $319,536,378 in the last quarter. Company insiders own 27.21% of the company’s stock.

Airbnb Trading Up 0.8%

ABNB stock opened at $148.80 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $150.19. The company has a market cap of $89.68 billion, a P/E ratio of 36.65, a PEG ratio of 1.58 and a beta of 1.14. The business has a fifty day moving average of $138.11 and a 200-day moving average of $133.81.

Airbnb (NASDAQ:ABNBGet Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. As a group, equities research analysts expect that Airbnb, Inc. will post 4.91 EPS for the current year.

Airbnb Company Profile

(Free Report)

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.

Further Reading

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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