1,520 Shares in Airbnb, Inc. $ABNB Purchased by MGO Private Wealth LLC

MGO Private Wealth LLC acquired a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,520 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors also recently added to or reduced their stakes in the company. Kentucky Trust Co acquired a new stake in Airbnb during the second quarter valued at approximately $25,000. Stonebridge Financial Group LLC boosted its holdings in Airbnb by 75.7% during the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock valued at $29,000 after purchasing an additional 106 shares in the last quarter. Bartlett & CO. Wealth Management LLC boosted its holdings in Airbnb by 209.6% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company’s stock valued at $31,000 after purchasing an additional 174 shares in the last quarter. Armstrong Advisory Group Inc. boosted its holdings in Airbnb by 363.6% during the second quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock valued at $34,000 after purchasing an additional 200 shares in the last quarter. Finally, SouthState Corp boosted its holdings in Airbnb by 216.1% during the first quarter. SouthState Corp now owns 294 shares of the company’s stock valued at $35,000 after purchasing an additional 201 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $135.86, for a total transaction of $849,125.00. Following the completion of the transaction, the chief financial officer owned 461,361 shares in the company, valued at approximately $62,680,505.46. This represents a 1.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO David C. Bernstein sold 5,000 shares of the stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $142.00, for a total value of $710,000.00. Following the transaction, the chief accounting officer owned 42,619 shares of the company’s stock, valued at approximately $6,051,898. This trade represents a 10.50% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,673,726 shares of company stock worth $215,816,143. Corporate insiders own 27.91% of the company’s stock.

Airbnb Stock Down 1.0%

Shares of ABNB stock opened at $120.22 on Friday. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The firm has a market capitalization of $74.71 billion, a price-to-earnings ratio of 29.11, a price-to-earnings-growth ratio of 2.19 and a beta of 1.10. The firm has a fifty day moving average of $125.86 and a 200-day moving average of $127.58.

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

Analyst Upgrades and Downgrades

ABNB has been the topic of several recent analyst reports. 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. Jefferies Financial Group reduced their target price on Airbnb from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Monday, August 11th. JPMorgan Chase & Co. boosted 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. UBS Group reduced their target price on Airbnb from $156.00 to $148.00 and set a “neutral” rating on the stock in a report on Thursday, August 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Airbnb in a research report on Saturday, September 27th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $141.81.

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.