Strive Asset Management LLC Has $342,000 Holdings in Airbnb, Inc. $ABNB

Strive Asset Management LLC lessened its position in Airbnb, Inc. (NASDAQ:ABNB) by 24.8% in the first quarter, HoldingsChannel reports. The fund owned 2,867 shares of the company’s stock after selling 947 shares during the quarter. Strive Asset Management LLC’s holdings in Airbnb were worth $342,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Sit Investment Associates Inc. grew its stake in Airbnb by 42.8% in the first quarter. Sit Investment Associates Inc. now owns 16,870 shares of the company’s stock valued at $2,015,000 after acquiring an additional 5,060 shares during the period. Vestmark Advisory Solutions Inc. grew its stake in Airbnb by 74.8% in the first quarter. Vestmark Advisory Solutions Inc. now owns 20,514 shares of the company’s stock valued at $2,451,000 after acquiring an additional 8,780 shares during the period. Ritholtz Wealth Management grew its stake in Airbnb by 10.0% in the first quarter. Ritholtz Wealth Management now owns 5,328 shares of the company’s stock valued at $636,000 after acquiring an additional 484 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Airbnb by 0.4% in the first quarter. Janney Montgomery Scott LLC now owns 51,192 shares of the company’s stock valued at $6,115,000 after purchasing an additional 228 shares in the last quarter. Finally, Spire Wealth Management lifted its holdings in shares of Airbnb by 40.1% in the first quarter. Spire Wealth Management now owns 909 shares of the company’s stock valued at $109,000 after purchasing an additional 260 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the topic of a number of recent research reports. BMO Capital Markets set a $124.00 target price on Airbnb and gave the company a “market perform” rating in a report on Thursday, August 7th. Zacks Research upgraded Airbnb to a “hold” rating in a report on Tuesday, August 12th. Citizens Jmp upgraded Airbnb to a “hold” rating in a report on Monday, August 11th. Cantor Fitzgerald restated an “underweight” rating and issued a $100.00 target price on shares of Airbnb in a report on Wednesday, May 14th. Finally, Wedbush dropped their price target on Airbnb from $135.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nineteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $142.66.

Insider Transactions at Airbnb

In other Airbnb news, CAO David C. Bernstein sold 5,000 shares of the business’s stock in a transaction on Thursday, July 24th. The stock was sold at an average price of $142.00, for a total value of $710,000.00. Following the sale, the chief accounting officer directly owned 42,619 shares in the company, valued at $6,051,898. The trade was a 10.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $124.96, for a total value of $74,976.00. Following the completion of the sale, the chief technology officer owned 202,006 shares in the company, valued at approximately $25,242,669.76. The trade was a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,438,926 shares of company stock valued at $188,880,433. 27.83% of the stock is currently owned by insiders.

Airbnb Trading Down 0.6%

Shares of Airbnb stock opened at $123.81 on Wednesday. The firm has a market capitalization of $76.94 billion, a P/E ratio of 29.98, a price-to-earnings-growth ratio of 2.27 and a beta of 1.13. The business’s fifty day simple moving average is $131.25 and its 200 day simple moving average is $128.92. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93.

Airbnb (NASDAQ:ABNB) last issued its 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 firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The business’s revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 earnings per share. Analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

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.