NEOS Investment Management LLC Raises Position in Airbnb, Inc. (NASDAQ:ABNB)

NEOS Investment Management LLC raised its holdings in shares of Airbnb, Inc. (NASDAQ:ABNBFree Report) by 44.1% during the 4th quarter, HoldingsChannel reports. The fund owned 20,462 shares of the company’s stock after acquiring an additional 6,260 shares during the quarter. NEOS Investment Management LLC’s holdings in Airbnb were worth $2,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Mount Vernon Associates Inc. MD lifted its stake in shares of Airbnb by 1.0% during the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,270 shares of the company’s stock valued at $990,000 after buying an additional 75 shares in the last quarter. Cambridge Trust Co. lifted its stake in shares of Airbnb by 10.0% during the 4th quarter. Cambridge Trust Co. now owns 825 shares of the company’s stock valued at $112,000 after buying an additional 75 shares in the last quarter. Waldron Private Wealth LLC lifted its stake in shares of Airbnb by 0.5% during the 4th quarter. Waldron Private Wealth LLC now owns 16,171 shares of the company’s stock valued at $2,201,000 after buying an additional 78 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in shares of Airbnb by 36.2% during the 4th quarter. Venturi Wealth Management LLC now owns 301 shares of the company’s stock valued at $41,000 after buying an additional 80 shares in the last quarter. Finally, Centurion Wealth Management LLC lifted its stake in shares of Airbnb by 2.3% during the 4th quarter. Centurion Wealth Management LLC now owns 3,605 shares of the company’s stock valued at $491,000 after buying an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Up 0.6 %

ABNB traded up $0.83 during trading on Tuesday, hitting $147.08. The stock had a trading volume of 1,762,547 shares, compared to its average volume of 4,505,490. The company has a market capitalization of $94.73 billion, a PE ratio of 19.58, a PEG ratio of 1.79 and a beta of 1.18. Airbnb, Inc. has a twelve month low of $112.32 and a twelve month high of $170.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a 50 day simple moving average of $155.29 and a two-hundred day simple moving average of $148.97.

Airbnb (NASDAQ:ABNBGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.18. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.06 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. Airbnb’s revenue was up 17.8% compared to the same quarter last year. During the same period last year, the firm earned $0.18 earnings per share. On average, research analysts predict that Airbnb, Inc. will post 4.67 earnings per share for the current year.

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 50,000 shares of Airbnb stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $164.00, for a total transaction of $8,200,000.00. Following the completion of the sale, the chief technology officer now directly owns 145,531 shares in the company, valued at $23,867,084. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CTO Aristotle N. Balogh sold 50,000 shares of Airbnb stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $164.00, for a total transaction of $8,200,000.00. Following the completion of the sale, the chief technology officer now directly owns 145,531 shares in the company, valued at $23,867,084. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brian Chesky sold 115,385 shares of Airbnb stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $146.08, for a total transaction of $16,855,440.80. Following the sale, the chief executive officer now owns 14,260,457 shares of the company’s stock, valued at $2,083,167,558.56. The disclosure for this sale can be found here. Insiders sold a total of 344,613 shares of company stock worth $55,161,852 over the last three months. Corporate insiders own 27.83% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ABNB. Benchmark began coverage on shares of Airbnb in a research note on Thursday, April 11th. They set a “buy” rating and a $190.00 target price on the stock. BMO Capital Markets lifted their target price on shares of Airbnb from $135.00 to $151.00 and gave the company a “market perform” rating in a research note on Thursday, May 9th. Wedbush upgraded shares of Airbnb from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $160.00 to $165.00 in a research note on Tuesday, May 28th. B. Riley Financial started coverage on shares of Airbnb in a research note on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price target on the stock. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research note on Thursday, May 9th. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and a consensus price target of $152.38.

View Our Latest Stock Report on Airbnb

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.

See Also

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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