H&H Retirement Design & Management INC Purchases New Stake in Airbnb, Inc. (NASDAQ:ABNB)

H&H Retirement Design & Management INC purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB) during the 1st quarter, Holdings Channel.com reports. The fund purchased 3,722 shares of the company’s stock, valued at approximately $415,000.

Several other hedge funds have also recently bought and sold shares of ABNB. Allworth Financial LP raised its holdings in Airbnb by 11.0% in the fourth quarter. Allworth Financial LP now owns 2,814 shares of the company’s stock valued at $373,000 after buying an additional 278 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of Airbnb during the fourth quarter valued at approximately $59,000. Global Retirement Partners LLC raised its stake in shares of Airbnb by 19.8% during the fourth quarter. Global Retirement Partners LLC now owns 2,128 shares of the company’s stock valued at $280,000 after purchasing an additional 351 shares during the period. Wealth Alliance raised its stake in shares of Airbnb by 17.4% during the fourth quarter. Wealth Alliance now owns 2,496 shares of the company’s stock valued at $328,000 after purchasing an additional 370 shares during the period. Finally, Handelsbanken Fonder AB raised its stake in shares of Airbnb by 3.0% during the fourth quarter. Handelsbanken Fonder AB now owns 145,321 shares of the company’s stock valued at $19,097,000 after purchasing an additional 4,192 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the topic of a number of analyst reports. Morgan Stanley lifted their price objective on shares of Airbnb from $125.00 to $130.00 and gave the company an “underweight” rating in a research note on Thursday, April 17th. BTIG Research reiterated a “neutral” rating on shares of Airbnb in a research note on Wednesday, May 28th. Jefferies Financial Group upgraded shares of Airbnb from a “hold” rating to a “buy” rating and lifted their price objective for the company from $165.00 to $185.00 in a research note on Monday, March 10th. Evercore ISI dropped their price objective on shares of Airbnb from $165.00 to $145.00 and set an “in-line” rating on the stock in a research note on Friday, May 2nd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research note on Wednesday, May 14th. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $141.23.

Insider Activity

In other news, CEO Brian Chesky sold 38,459 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $120.44, for a total transaction of $4,632,001.96. Following the completion of the transaction, the chief executive officer now owns 11,731,685 shares of the company’s stock, valued at approximately $1,412,964,141.40. The trade was a 0.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $129.55, for a total transaction of $90,685.00. Following the transaction, the chief technology officer now directly owns 170,719 shares of the company’s stock, valued at approximately $22,116,646.45. This trade represents a 0.41% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,624,472 shares of company stock valued at $203,509,100. 27.91% of the stock is currently owned by company insiders.

Airbnb Price Performance

Airbnb stock opened at $131.73 on Friday. The company has a market cap of $82.52 billion, a PE ratio of 33.27, a P/E/G ratio of 2.47 and a beta of 1.14. The company has a fifty day moving average price of $128.10 and a two-hundred day moving average price of $130.58. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Airbnb had a return on equity of 30.91% and a net margin of 22.60%. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the firm earned $0.41 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current 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.