U.S. Capital Wealth Advisors LLC Boosts Position in Airbnb, Inc. (NASDAQ:ABNB)

U.S. Capital Wealth Advisors LLC boosted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 4.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 3,974 shares of the company’s stock after buying an additional 165 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Airbnb were worth $603,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in Airbnb in the fourth quarter valued at approximately $619,584,000. Jennison Associates LLC grew its position in Airbnb by 57.9% in the first quarter. Jennison Associates LLC now owns 10,632,035 shares of the company’s stock valued at $1,753,860,000 after acquiring an additional 3,899,179 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Airbnb by 158.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock valued at $958,279,000 after acquiring an additional 3,558,178 shares in the last quarter. Edgewood Management LLC grew its position in Airbnb by 20.8% in the fourth quarter. Edgewood Management LLC now owns 12,417,777 shares of the company’s stock valued at $1,690,556,000 after acquiring an additional 2,135,529 shares in the last quarter. Finally, Farallon Capital Management LLC acquired a new stake in Airbnb in the first quarter valued at approximately $265,292,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

Shares of NASDAQ ABNB traded up $0.44 during midday trading on Friday, reaching $115.08. 4,755,183 shares of the company traded hands, compared to its average volume of 4,601,960. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The stock has a 50-day moving average price of $145.04 and a 200 day moving average price of $151.62. 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 market cap of $74.12 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 1.67 and a beta of 1.18.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the prior year, the firm earned $0.98 earnings per share. Airbnb’s revenue for the quarter was up 10.6% compared to the same quarter last year. Sell-side analysts anticipate that Airbnb, Inc. will post 4.66 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $146.00, for a total value of $87,600.00. Following the transaction, the chief technology officer now owns 211,774 shares of the company’s stock, valued at approximately $30,919,004. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO David C. Bernstein sold 2,000 shares of Airbnb stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $145.50, for a total value of $291,000.00. Following the transaction, the chief accounting officer now owns 45,043 shares of the company’s stock, valued at approximately $6,553,756.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $146.00, for a total value of $87,600.00. Following the completion of the transaction, the chief technology officer now directly owns 211,774 shares in the company, valued at approximately $30,919,004. The disclosure for this sale can be found here. Over the last three months, insiders have sold 735,492 shares of company stock worth $109,402,066. 27.83% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ABNB. BMO Capital Markets decreased their price target on shares of Airbnb from $151.00 to $130.00 and set a “market perform” rating for the company in a research report on Wednesday. Piper Sandler Companies raised their price target on shares of Airbnb from $145.00 to $155.00 and gave the stock a “neutral” rating in a research report on Thursday, May 9th. Royal Bank of Canada decreased their price target on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating for the company in a research report on Wednesday. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Airbnb from $143.00 to $90.00 and set a “hold” rating for the company in a research report on Wednesday. Four investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $137.00.

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.