Stephens Inc. AR Buys 500 Shares of Airbnb, Inc. $ABNB

Stephens Inc. AR grew its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 2.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 21,503 shares of the company’s stock after buying an additional 500 shares during the quarter. Stephens Inc. AR’s holdings in Airbnb were worth $2,846,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kentucky Trust Co purchased a new stake in Airbnb in the 2nd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings 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 during the period. Concord Wealth Partners purchased a new stake in Airbnb in the 2nd quarter worth approximately $28,000. Stonebridge Financial Group LLC lifted its holdings 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 during the period. Finally, Armstrong Advisory Group Inc. lifted its holdings in 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 buying an additional 200 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Thursday, October 9th. The stock was sold at an average price of $120.46, for a total transaction of $72,276.00. Following the transaction, the chief technology officer directly owned 197,806 shares in the company, valued at approximately $23,827,710.76. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elinor Mertz sold 4,630 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $128.42, for a total value of $594,584.60. Following the completion of the transaction, the chief financial officer owned 444,070 shares in the company, valued at $57,027,469.40. The trade was a 1.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,425,876 shares of company stock valued at $177,336,982 over the last three months. 27.91% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Wells Fargo & Company set a $110.00 target price on Airbnb and gave the stock an “underweight” rating in a report on Thursday, August 7th. Truist Financial reduced their target price on Airbnb from $106.00 to $104.00 and set a “sell” rating for the company in a report on Wednesday, September 3rd. Citizens Jmp raised Airbnb to a “hold” rating in a report on Monday, August 11th. JPMorgan Chase & Co. lifted their target price on Airbnb from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Finally, BTIG Research reissued a “neutral” rating on shares of Airbnb in a report on Tuesday, October 7th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nineteen have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, Airbnb has a consensus rating of “Hold” and an average price target of $141.81.

Airbnb Price Performance

Shares of ABNB opened at $127.50 on Thursday. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. The firm has a market capitalization of $79.23 billion, a P/E ratio of 30.87, a PEG ratio of 2.35 and a beta of 1.10. The business has a fifty day moving average of $124.36 and a 200 day moving average of $127.54.

Airbnb (NASDAQ:ABNB) last released its earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.11. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.Airbnb’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 earnings per share. Analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal 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.