Romano Brothers AND Company Invests $210,000 in Airbnb, Inc. (NASDAQ:ABNB)

Romano Brothers AND Company bought a new position in Airbnb, Inc. (NASDAQ:ABNB) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,274 shares of the company’s stock, valued at approximately $210,000.

Other large investors have also made changes to their positions in the company. Hennion & Walsh Asset Management Inc. bought a new stake in Airbnb during the 1st quarter worth about $215,000. First Dallas Securities Inc. grew its holdings in Airbnb by 4.5% during the 1st quarter. First Dallas Securities Inc. now owns 7,005 shares of the company’s stock worth $1,156,000 after acquiring an additional 300 shares during the last quarter. New England Research & Management Inc. grew its holdings in Airbnb by 108.9% during the 1st quarter. New England Research & Management Inc. now owns 6,425 shares of the company’s stock worth $1,060,000 after acquiring an additional 3,350 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Airbnb by 163.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 59,809 shares of the company’s stock worth $9,866,000 after acquiring an additional 37,127 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC grew its holdings in Airbnb by 3.8% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 3,796 shares of the company’s stock worth $626,000 after acquiring an additional 139 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $162.00, for a total value of $97,200.00. Following the completion of the transaction, the chief technology officer now directly owns 219,904 shares of the company’s stock, valued at $35,624,448. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Airbnb news, Director Joseph Gebbia sold 1,500 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $150.00, for a total transaction of $225,000.00. Following the completion of the sale, the director now owns 42,087 shares of the company’s stock, valued at approximately $6,313,050. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $162.00, for a total value of $97,200.00. Following the sale, the chief technology officer now directly owns 219,904 shares of the company’s stock, valued at approximately $35,624,448. The disclosure for this sale can be found here. Over the last three months, insiders sold 413,287 shares of company stock valued at $61,071,555. 27.83% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ABNB has been the topic of a number of research reports. TD Cowen cut their target price on shares of Airbnb from $180.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. B. Riley initiated coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 target price on the stock. UBS Group upped their target price 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. Wells Fargo & Company upped their target price on shares of Airbnb from $107.00 to $127.00 and gave the company an “underweight” rating in a research report on Monday, April 1st. Finally, B. Riley Financial initiated coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $152.38.

Airbnb Stock Up 0.0 %

Shares of ABNB traded up $0.02 during mid-day trading on Friday, hitting $151.63. 3,842,498 shares of the company’s stock were exchanged, compared to its average volume of 3,646,274. The company has a market cap of $97.66 billion, a PE ratio of 20.30, a P/E/G ratio of 1.88 and a beta of 1.18. Airbnb, Inc. has a 52 week low of $113.24 and a 52 week high of $170.10. The company has a 50-day simple moving average of $150.43 and a 200 day simple moving average of $150.98. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, topping 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 quarterly revenue was up 17.8% on a year-over-year basis. During the same period last year, the business earned $0.18 EPS. On average, research analysts forecast that Airbnb, Inc. will post 4.65 earnings per share for the current fiscal year.

Airbnb Company 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.