Atomi Financial Group Inc. Increases Stake in Airbnb, Inc. (NASDAQ:ABNB)

Atomi Financial Group Inc. increased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 5.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,194 shares of the company’s stock after purchasing an additional 267 shares during the quarter. Atomi Financial Group Inc.’s holdings in Airbnb were worth $857,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ABNB. CVA Family Office LLC purchased a new position in Airbnb during the 4th quarter valued at about $26,000. Trust Co. of Vermont purchased a new position in Airbnb during the 4th quarter valued at about $27,000. Bfsg LLC acquired a new stake in shares of Airbnb during the 4th quarter worth about $27,000. Westend Capital Management LLC acquired a new stake in shares of Airbnb during the 1st quarter worth about $33,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Airbnb during the 1st quarter worth about $33,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

ABNB stock remained flat at $146.78 during trading on Monday. 1,471,739 shares of the company traded hands, compared to its average volume of 4,350,882. The company has a market capitalization of $94.53 billion, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 1.82 and a beta of 1.18. The firm has a fifty day moving average price of $148.64 and a 200 day moving average price of $151.62. Airbnb, Inc. has a 1-year low of $113.24 and a 1-year high of $170.10. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.25.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data 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 business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.06 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.18 earnings per share. As a group, equities analysts predict that Airbnb, Inc. will post 4.65 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Piper Sandler reaffirmed a “neutral” rating and set a $155.00 price target (up from $145.00) on shares of Airbnb in a research note on Thursday, May 9th. Wells Fargo & Company raised their target price on shares of Airbnb from $127.00 to $129.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 9th. Benchmark started coverage on shares of Airbnb in a research report on Thursday, April 11th. They issued a “buy” rating and a $190.00 target price on the stock. TD Cowen cut their price target on shares of Airbnb from $180.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Finally, Citigroup cut their price target on shares of Airbnb from $170.00 to $167.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $152.44.

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $157.24, for a total value of $94,344.00. Following the completion of the sale, the chief technology officer now directly owns 221,104 shares of the company’s stock, valued at approximately $34,766,392.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $157.24, for a total transaction of $94,344.00. Following the completion of the sale, the chief technology officer now directly owns 221,104 shares of the company’s stock, valued at $34,766,392.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO David C. Bernstein sold 2,000 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $145.50, for a total transaction of $291,000.00. Following the sale, the chief accounting officer now directly owns 45,043 shares of the company’s stock, valued at $6,553,756.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 540,307 shares of company stock worth $80,338,959. 27.83% of the stock is owned by corporate insiders.

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.