Janney Montgomery Scott LLC Buys 14,232 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Janney Montgomery Scott LLC boosted its position in shares of Airbnb, Inc. (NASDAQ:ABNBFree Report) by 29.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,176 shares of the company’s stock after purchasing an additional 14,232 shares during the period. Janney Montgomery Scott LLC’s holdings in Airbnb were worth $10,257,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ABNB. CVA Family Office LLC bought a new position in Airbnb in the fourth quarter valued at $26,000. Trust Co. of Vermont acquired a new stake in shares of Airbnb in the fourth quarter valued at about $27,000. Orion Capital Management LLC acquired a new stake in shares of Airbnb in the third quarter valued at about $27,000. Bfsg LLC bought a new stake in Airbnb during the fourth quarter worth about $27,000. Finally, Westend Capital Management LLC acquired a new position in Airbnb during the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $162.00, for a total value of $97,200.00. Following the sale, the chief technology officer now directly owns 219,904 shares in the company, valued at approximately $35,624,448. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $162.00, for a total transaction of $97,200.00. Following the completion of the transaction, the chief technology officer now directly owns 219,904 shares in the company, valued at $35,624,448. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph Gebbia sold 11,635 shares of the firm’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $150.02, for a total value of $1,745,482.70. Following the sale, the director now directly owns 30,435 shares in the company, valued at approximately $4,565,858.70. The disclosure for this sale can be found here. Insiders have sold a total of 424,322 shares of company stock worth $62,714,456 over the last 90 days. Insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

Shares of Airbnb stock opened at $151.96 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25. The company has a market cap of $97.87 billion, a PE ratio of 20.34, a price-to-earnings-growth ratio of 1.89 and a beta of 1.18. The company has a 50 day moving average of $149.35 and a 200-day moving average of $151.34. Airbnb, Inc. has a 1-year low of $113.24 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNBGet Free Report) last released its earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.18. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the prior year, the company earned $0.18 earnings per share. The company’s quarterly revenue was up 17.8% on a year-over-year basis. As a group, equities research analysts forecast that Airbnb, Inc. will post 4.65 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Airbnb from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Thursday, May 9th. Truist Financial lifted their price objective on shares of Airbnb from $131.00 to $134.00 and gave the company a “hold” rating in a research report on Thursday, May 30th. Bank of America upped their target price on shares of Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a report on Thursday, March 14th. Wedbush upgraded Airbnb from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $160.00 to $165.00 in a report on Tuesday, May 28th. Finally, Citigroup dropped their price objective on Airbnb from $170.00 to $167.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $152.38.

Read Our Latest Report on ABNB

About Airbnb

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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