Blue Fin Capital Inc. Has $256,000 Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Blue Fin Capital Inc. trimmed its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 7.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,691 shares of the company’s stock after selling 137 shares during the period. Blue Fin Capital Inc.’s holdings in Airbnb were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of ABNB. Joel Isaacson & Co. LLC lifted its position in shares of Airbnb by 2.3% in the first quarter. Joel Isaacson & Co. LLC now owns 2,986 shares of the company’s stock worth $493,000 after buying an additional 67 shares during the last quarter. Miracle Mile Advisors LLC lifted its holdings in Airbnb by 0.7% in the 1st quarter. Miracle Mile Advisors LLC now owns 9,339 shares of the company’s stock worth $1,541,000 after purchasing an additional 68 shares during the last quarter. Farrow Financial Inc. boosted its position in Airbnb by 1.0% during the second quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock worth $1,087,000 after purchasing an additional 69 shares during the period. Heritage Wealth Advisors boosted its position in Airbnb by 55.0% during the first quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock worth $33,000 after purchasing an additional 71 shares during the period. Finally, GYL Financial Synergies LLC grew its holdings in Airbnb by 5.0% during the second quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock valued at $241,000 after purchasing an additional 76 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Stock Up 0.6 %

Shares of NASDAQ:ABNB opened at $117.31 on Friday. The company’s fifty day moving average is $135.26 and its 200-day moving average is $148.29. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.44. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a market capitalization of $75.55 billion, a PE ratio of 15.70, a P/E/G ratio of 1.67 and a beta of 1.18.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the prior year, the company posted $0.98 earnings per share. Airbnb’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities research analysts predict that Airbnb, Inc. will post 4.66 earnings per share for the current fiscal year.

Insider Activity at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 44,990 shares of the business’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $150.04, for a total value of $6,750,299.60. Following the transaction, the director now owns 46,467 shares of the company’s stock, valued at $6,971,908.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $145.82, for a total value of $87,492.00. Following the completion of the transaction, the chief technology officer now owns 211,174 shares in the company, valued at approximately $30,793,392.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Gebbia sold 44,990 shares of the stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $150.04, for a total value of $6,750,299.60. Following the completion of the transaction, the director now owns 46,467 shares in the company, valued at $6,971,908.68. The disclosure for this sale can be found here. Insiders sold 619,507 shares of company stock valued at $92,442,963 in the last three months. Corporate insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Citigroup decreased their price objective on shares of Airbnb from $170.00 to $167.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Royal Bank of Canada decreased their price target on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. UBS Group dropped their price objective on Airbnb from $160.00 to $134.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Barclays decreased their target price on Airbnb from $110.00 to $100.00 and set an “underweight” rating for the company in a research note on Wednesday, August 7th. Finally, TD Cowen dropped their price target on Airbnb from $170.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $137.00.

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.