Bleakley Financial Group LLC Buys 173 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Bleakley Financial Group LLC grew its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,364 shares of the company’s stock after acquiring an additional 173 shares during the quarter. Bleakley Financial Group LLC’s holdings in Airbnb were worth $1,003,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ABNB. Vanguard Group Inc. increased its holdings in Airbnb by 43.0% in the 3rd quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock worth $4,697,896,000 after buying an additional 10,301,746 shares in the last quarter. Norges Bank purchased a new position in Airbnb in the fourth quarter worth about $332,438,000. J.P. Morgan Private Wealth Advisors LLC purchased a new position in shares of Airbnb during the 3rd quarter valued at about $235,338,000. Northern Trust Corp lifted its position in shares of Airbnb by 41.3% during the 3rd quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock valued at $598,745,000 after buying an additional 1,276,456 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in shares of Airbnb during the 1st quarter valued at about $173,967,000. 80.76% of the stock is currently owned by institutional investors.

Airbnb Stock Performance

ABNB stock opened at $165.42 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. The business’s fifty day simple moving average is $158.27 and its two-hundred day simple moving average is $141.29. Airbnb, Inc. has a twelve month low of $103.55 and a twelve month high of $170.10. The firm has a market cap of $107.04 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 2.05 and a beta of 1.25.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. Analysts predict that Airbnb, Inc. will post 4.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. UBS Group lowered their price target on Airbnb from $148.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Wedbush reissued a “neutral” rating and issued a $160.00 price target (up from $150.00) on shares of Airbnb in a report on Wednesday, February 14th. B. Riley Financial began coverage on Airbnb in a research note on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price objective on the stock. Bank of America lifted their price objective on Airbnb from $155.00 to $168.00 and gave the stock a “neutral” rating in a research note on Thursday, March 14th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research note on Thursday. Four equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $147.58.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $161.55, for a total transaction of $96,930.00. Following the sale, the chief technology officer now owns 222,304 shares of the company’s stock, valued at $35,913,211.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $161.55, for a total transaction of $96,930.00. Following the sale, the chief technology officer now owns 222,304 shares of the company’s stock, valued at $35,913,211.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 40,000 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $133.39, for a total value of $5,335,600.00. Following the sale, the insider now directly owns 553,762 shares in the company, valued at approximately $73,866,313.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 615,367 shares of company stock valued at $94,049,172. 30.84% of the stock is currently owned by corporate insiders.

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.