Lake Street Advisors Group LLC Has $3.43 Million Stake in Airbnb, Inc. (NASDAQ:ABNB)

Lake Street Advisors Group LLC lowered its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 2.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,183 shares of the company’s stock after selling 679 shares during the period. Lake Street Advisors Group LLC’s holdings in Airbnb were worth $3,428,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Compagnie Lombard Odier SCmA grew its position in Airbnb by 34.7% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 31,612 shares of the company’s stock valued at $4,304,000 after purchasing an additional 8,140 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Airbnb by 4.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock valued at $1,119,000 after purchasing an additional 333 shares in the last quarter. Nordea Investment Management AB grew its position in Airbnb by 27.5% in the fourth quarter. Nordea Investment Management AB now owns 1,268,390 shares of the company’s stock valued at $172,742,000 after purchasing an additional 273,191 shares in the last quarter. Rafferty Asset Management LLC grew its position in Airbnb by 18.4% in the fourth quarter. Rafferty Asset Management LLC now owns 144,848 shares of the company’s stock valued at $19,720,000 after purchasing an additional 22,551 shares in the last quarter. Finally, Stevens Capital Management LP bought a new position in Airbnb in the fourth quarter valued at $726,000. Institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ABNB. TD Cowen decreased their target price on shares of Airbnb from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Tigress Financial lifted their price objective on shares of Airbnb from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, April 5th. B. Riley Financial assumed coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price objective for the company. UBS Group lifted their price objective on shares of Airbnb from $143.00 to $157.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. Finally, BMO Capital Markets lifted their price objective on shares of Airbnb from $135.00 to $151.00 and gave the company a “market perform” rating in a research report on Thursday, May 9th. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $152.38.

Airbnb Stock Performance

Airbnb stock traded down $1.10 during midday trading on Wednesday, hitting $145.98. The company’s stock had a trading volume of 1,613,100 shares, compared to its average volume of 4,490,394. Airbnb, Inc. has a 1-year low of $113.24 and a 1-year high of $170.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44. The company has a 50-day moving average price of $154.89 and a two-hundred day moving average price of $149.11. The company has a market cap of $94.02 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 1.80 and a beta of 1.18.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.23 by $0.18. The company had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The business’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 EPS. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.67 earnings per share for the current year.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $145.71, for a total value of $87,426.00. Following the completion of the transaction, the chief technology officer now directly owns 212,374 shares in the company, valued at approximately $30,945,015.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $145.71, for a total value of $87,426.00. Following the completion of the transaction, the chief technology officer now directly owns 212,374 shares in the company, valued at approximately $30,945,015.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Aristotle N. Balogh sold 72,976 shares of Airbnb stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $167.00, for a total transaction of $12,186,992.00. Following the sale, the chief technology officer now directly owns 145,531 shares in the company, valued at $24,303,677. The disclosure for this sale can be found here. In the last ninety days, insiders sold 294,613 shares of company stock worth $46,961,852. 27.83% of the stock is currently owned by corporate insiders.

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.