Koshinski Asset Management Inc. Buys 683 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Koshinski Asset Management Inc. lifted its stake in shares of Airbnb, Inc. (NASDAQ:ABNBGet Rating) by 12.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,252 shares of the company’s stock after acquiring an additional 683 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Airbnb were worth $557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Airbnb during the fourth quarter worth about $25,000. City State Bank acquired a new stake in Airbnb during the fourth quarter worth approximately $25,000. Elequin Capital LP acquired a new stake in Airbnb during the first quarter worth approximately $27,000. Itau Unibanco Holding S.A. acquired a new stake in Airbnb during the fourth quarter worth approximately $28,000. Finally, Quadrant Capital Group LLC grew its stake in Airbnb by 181.0% during the first quarter. Quadrant Capital Group LLC now owns 177 shares of the company’s stock worth $30,000 after purchasing an additional 114 shares during the period. 39.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Susquehanna decreased their target price on Airbnb from $190.00 to $150.00 and set a “positive” rating for the company in a research note on Wednesday, August 3rd. UBS Group decreased their target price on Airbnb from $185.00 to $120.00 and set a “neutral” rating for the company in a research note on Monday, August 1st. Truist Financial decreased their target price on Airbnb from $160.00 to $120.00 and set a “hold” rating for the company in a research note on Thursday, July 14th. KeyCorp reduced their price objective on Airbnb from $195.00 to $145.00 and set an “overweight” rating for the company in a research note on Monday, August 1st. Finally, JMP Securities cut Airbnb from an “outperform” rating to a “market perform” rating in a research note on Wednesday, June 22nd. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $159.15.

Airbnb Stock Performance

Shares of Airbnb stock opened at $103.72 on Friday. The business’s fifty day simple moving average is $114.39 and its 200 day simple moving average is $126.11. The firm has a market capitalization of $67.28 billion, a P/E ratio of 56.68 and a beta of 1.14. Airbnb, Inc. has a 12 month low of $86.71 and a 12 month high of $212.58. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.38.

Airbnb (NASDAQ:ABNBGet Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. Airbnb had a return on equity of 26.03% and a net margin of 16.91%. During the same quarter last year, the company earned ($0.11) EPS. As a group, analysts anticipate that Airbnb, Inc. will post 2.25 EPS for the current year.

Insider Buying and Selling at Airbnb

In other Airbnb news, insider Joseph Gebbia sold 15,525 shares of the business’s stock in a transaction on Monday, June 27th. The stock was sold at an average price of $100.85, for a total value of $1,565,696.25. Following the sale, the insider now directly owns 200,552 shares in the company, valued at $20,225,669.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Airbnb news, CTO Aristotle N. Balogh sold 2,500 shares of the business’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $92.55, for a total value of $231,375.00. Following the sale, the chief technology officer now directly owns 261,203 shares in the company, valued at $24,174,337.65. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Joseph Gebbia sold 15,525 shares of the business’s stock in a transaction on Monday, June 27th. The shares were sold at an average price of $100.85, for a total value of $1,565,696.25. Following the completion of the sale, the insider now owns 200,552 shares in the company, valued at $20,225,669.20. The disclosure for this sale can be found here. Insiders have sold a total of 849,169 shares of company stock worth $96,762,160 over the last ninety days. 32.69% of the stock is currently owned by company insiders.

Airbnb Company Profile

(Get Rating)

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.

Further Reading

Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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