ORG Partners LLC Acquires 2,754 Shares of Airbnb, Inc. (NASDAQ:ABNB)

ORG Partners LLC grew its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 1,823.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,905 shares of the company’s stock after buying an additional 2,754 shares during the quarter. ORG Partners LLC’s holdings in Airbnb were worth $440,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Transcendent Capital Group LLC acquired a new stake in shares of Airbnb in the first quarter valued at $25,000. Trust Co. of Vermont acquired a new stake in shares of Airbnb in the fourth quarter valued at $27,000. Bfsg LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at $27,000. Westend Capital Management LLC acquired a new stake in shares of Airbnb in the first quarter valued at $33,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Airbnb in the first quarter valued at $33,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ABNB shares. Bank of America decreased their price target on Airbnb from $160.00 to $132.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. TD Cowen decreased their price target on Airbnb from $170.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Wedbush decreased their price target on Airbnb from $165.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. The Goldman Sachs Group decreased their price target on Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a report on Thursday, August 8th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a report on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $137.00.

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $126.57, for a total transaction of $75,942.00. Following the transaction, the chief technology officer now owns 205,774 shares of the company’s stock, valued at approximately $26,044,815.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $126.57, for a total transaction of $75,942.00. Following the transaction, the chief technology officer now owns 205,774 shares of the company’s stock, valued at approximately $26,044,815.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $145.88, for a total value of $145,880.00. Following the transaction, the chief accounting officer now owns 44,043 shares of the company’s stock, valued at $6,424,992.84. The disclosure for this sale can be found here. Insiders have sold 735,492 shares of company stock valued at $109,402,066 in the last 90 days. 27.83% of the stock is currently owned by insiders.

Airbnb Stock Up 0.8 %

Airbnb stock traded up $0.97 during midday trading on Thursday, reaching $117.21. The stock had a trading volume of 1,511,916 shares, compared to its average volume of 4,571,774. The firm’s fifty day simple moving average is $142.60 and its 200-day simple moving average is $150.90. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The stock has a market capitalization of $75.49 billion, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 1.67 and a beta of 1.18. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.44.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) 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 firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same period in the prior year, the business posted $0.98 EPS. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. As a group, analysts expect that Airbnb, Inc. will post 4.66 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.