Callan Family Office LLC Grows Holdings in Airbnb, Inc. $ABNB

Callan Family Office LLC grew its stake in Airbnb, Inc. (NASDAQ:ABNB) by 163.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 22,589 shares of the company’s stock after buying an additional 14,005 shares during the quarter. Callan Family Office LLC’s holdings in Airbnb were worth $2,989,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of ABNB. Kentucky Trust Co purchased a new position in Airbnb in the 2nd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. grew its stake in Airbnb by 70.9% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after buying an additional 83 shares in the last quarter. Stonebridge Financial Group LLC grew its stake in Airbnb by 75.7% in the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock worth $29,000 after buying an additional 106 shares in the last quarter. Bartlett & CO. Wealth Management LLC lifted its holdings in shares of Airbnb by 209.6% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company’s stock worth $31,000 after acquiring an additional 174 shares during the last quarter. Finally, Armstrong Advisory Group Inc. lifted its holdings in shares of Airbnb by 363.6% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock worth $34,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Down 1.6%

NASDAQ:ABNB opened at $118.19 on Friday. The company has a fifty day moving average of $124.34 and a 200 day moving average of $127.27. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The firm has a market capitalization of $73.45 billion, a P/E ratio of 28.62, a P/E/G ratio of 2.19 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.11. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period in the prior year, the business posted $0.86 EPS. The firm’s revenue was up 12.7% compared to the same quarter last year. As a group, analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ABNB shares. Barclays set a $105.00 price objective on shares of Airbnb and gave the stock an “underweight” rating in a report on Thursday, August 7th. Citizens Jmp upgraded shares of Airbnb to a “hold” rating in a report on Monday, August 11th. BNP Paribas upgraded shares of Airbnb to a “hold” rating in a report on Wednesday, July 16th. JPMorgan Chase & Co. boosted their price objective on shares of Airbnb from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Finally, Morgan Stanley lowered their price objective on shares of Airbnb from $130.00 to $120.00 and set an “underweight” rating for the company in a report on Thursday, August 7th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nineteen have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $141.81.

Insider Activity

In other Airbnb news, CFO Elinor Mertz sold 4,630 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $128.42, for a total transaction of $594,584.60. Following the transaction, the chief financial officer directly owned 444,070 shares of the company’s stock, valued at approximately $57,027,469.40. The trade was a 1.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 236,000 shares of the business’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $123.57, for a total transaction of $29,162,520.00. Following the transaction, the director directly owned 940,015 shares in the company, valued at approximately $116,157,653.55. The trade was a 20.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,430,876 shares of company stock valued at $182,694,292. 27.91% of the stock is owned by corporate insiders.

About Airbnb

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.