Apollon Wealth Management LLC Grows Stake in Airbnb, Inc. (NASDAQ:ABNB)

Apollon Wealth Management LLC grew its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 100.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,881 shares of the company’s stock after acquiring an additional 3,456 shares during the period. Apollon Wealth Management LLC’s holdings in Airbnb were worth $937,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. CVA Family Office LLC purchased a new stake in Airbnb in the 4th quarter worth approximately $26,000. Orion Capital Management LLC purchased a new stake in Airbnb in the 3rd quarter worth approximately $27,000. Bfsg LLC purchased a new stake in Airbnb in the 4th quarter worth approximately $27,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Airbnb in the 4th quarter worth approximately $30,000. Finally, Financial Management Professionals Inc. lifted its stake in shares of Airbnb by 518.4% in the 4th quarter. Financial Management Professionals Inc. now owns 303 shares of the company’s stock valued at $41,000 after purchasing an additional 254 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

Shares of Airbnb stock opened at $147.05 on Friday. The stock’s 50-day simple moving average is $161.68 and its 200-day simple moving average is $145.50. Airbnb, Inc. has a 52 week low of $103.55 and a 52 week high of $170.10. The company has a market capitalization of $95.15 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 2.12 and a beta of 1.24. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.18. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the previous year, the firm posted $0.18 earnings per share. The business’s revenue was up 17.8% compared to the same quarter last year. As a group, analysts expect that Airbnb, Inc. will post 4.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group raised their target price on Airbnb from $143.00 to $157.00 and gave the company a “neutral” rating in a research note on Thursday. Wedbush restated a “neutral” rating and issued a $160.00 target price on shares of Airbnb in a research note on Thursday. Royal Bank of Canada raised their target price on Airbnb from $140.00 to $150.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 14th. B. Riley began coverage on Airbnb in a research note on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 target price for the company. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research report on Thursday. Four equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $151.91.

Insider Transactions at Airbnb

In other news, CEO Brian Chesky sold 76,912 shares of Airbnb stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $147.79, for a total value of $11,366,824.48. Following the sale, the chief executive officer now directly owns 14,545,529 shares of the company’s stock, valued at $2,149,683,730.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CTO Aristotle N. Balogh sold 75,500 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $155.31, for a total transaction of $11,725,905.00. Following the transaction, the chief technology officer now 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 available at this link. Also, CEO Brian Chesky sold 76,912 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $147.79, for a total value of $11,366,824.48. Following the transaction, the chief executive officer now directly owns 14,545,529 shares in the company, valued at approximately $2,149,683,730.91. The disclosure for this sale can be found here. Over the last three months, insiders have sold 397,474 shares of company stock valued at $63,809,871. 27.83% of the stock is currently owned by insiders.

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.