Eagle Global Advisors LLC Acquires Shares of 1,500 Airbnb, Inc. (NASDAQ:ABNB)

Eagle Global Advisors LLC bought a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,500 shares of the company’s stock, valued at approximately $204,000.

Other institutional investors have also recently bought and sold shares of the company. CVA Family Office LLC acquired a new position in Airbnb in the 4th quarter worth $26,000. Orion Capital Management LLC bought a new position in shares of Airbnb during the third quarter worth approximately $27,000. Bfsg LLC bought a new position in shares of Airbnb during the fourth quarter worth approximately $27,000. McGlone Suttner Wealth Management Inc. bought a new position in shares of Airbnb during the fourth quarter worth approximately $30,000. Finally, Financial Management Professionals Inc. increased its holdings in shares of Airbnb by 518.4% during the fourth quarter. Financial Management Professionals Inc. now owns 303 shares of the company’s stock worth $41,000 after purchasing an additional 254 shares during the period. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of research analyst reports. Benchmark assumed coverage on shares of Airbnb in a research report on Thursday, April 11th. They issued a “buy” rating and a $190.00 target price on the stock. Royal Bank of Canada upped their price objective on shares of Airbnb from $140.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 14th. HSBC downgraded shares of Airbnb from a “buy” rating to a “hold” rating and reduced their target price for the company from $160.00 to $156.00 in a research report on Thursday, May 9th. TD Cowen reduced their target price on shares of Airbnb from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, Wells Fargo & Company upped their price target on shares of Airbnb from $107.00 to $127.00 and gave the company an “underweight” rating in a research note on Monday, April 1st. Four investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $152.13.

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 75,500 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $155.31, for a total value of $11,725,905.00. Following the transaction, the chief technology officer now directly owns 146,131 shares in the company, valued at $22,695,605.61. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Airbnb news, CTO Aristotle N. Balogh sold 75,500 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $155.31, for a total transaction of $11,725,905.00. Following the completion of the sale, the chief technology officer now directly owns 146,131 shares of the company’s stock, valued at $22,695,605.61. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 50,000 shares of the stock in a transaction dated 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 sale, the chief technology officer now directly owns 145,531 shares of the company’s stock, valued at $23,867,084. The disclosure for this sale can be found here. Insiders have sold 313,324 shares of company stock worth $51,386,281 over the last quarter. Insiders own 27.83% of the company’s stock.

Airbnb Price Performance

Shares of ABNB stock traded up $3.43 during mid-day trading on Friday, hitting $144.47. The company had a trading volume of 4,497,760 shares, compared to its average volume of 4,642,307. Airbnb, Inc. has a 52-week low of $103.74 and a 52-week high of $170.10. The stock’s 50 day moving average price is $157.64 and its 200-day moving average price is $147.77. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market capitalization of $93.04 billion, a P/E ratio of 19.34, a P/E/G ratio of 1.74 and a beta of 1.24.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.18. The company had revenue of $2.14 billion for 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 earnings per share. Equities research analysts forecast that Airbnb, Inc. will post 4.67 earnings per share for the current 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.