B. Riley Wealth Advisors Inc. Has $6.89 Million Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

B. Riley Wealth Advisors Inc. grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 35.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,742 shares of the company’s stock after purchasing an additional 11,006 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Airbnb were worth $6,886,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of ABNB. Transcendent Capital Group LLC purchased a new stake in Airbnb during the 1st quarter valued at about $25,000. Bfsg LLC bought a new position in shares of Airbnb during the fourth quarter valued at $27,000. Trust Co. of Vermont bought a new stake in Airbnb in the 4th quarter worth approximately $27,000. Vima LLC bought a new position in shares of Airbnb in the 4th quarter worth approximately $29,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in Airbnb in the 4th quarter worth approximately $30,000. 80.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Airbnb news, insider Aristotle N. Balogh 600 shares of Airbnb stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Brian Chesky sold 115,385 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $146.08, for a total value of $16,855,440.80. Following the transaction, the chief executive officer now owns 14,260,457 shares in the company, valued at $2,083,167,558.56. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Aristotle N. Balogh 600 shares of Airbnb stock in a transaction that occurred on Tuesday, July 30th. The disclosure for this trade can be found here. Insiders sold a total of 735,492 shares of company stock valued at $109,423,324 in the last three months. Insiders own 27.83% of the company’s stock.

Airbnb Stock Up 0.4 %

NASDAQ ABNB traded up $0.57 during trading hours on Wednesday, hitting $139.56. 3,270,425 shares of the company traded hands, compared to its average volume of 4,319,641. The business’s 50-day moving average is $147.55 and its 200-day moving average is $152.33. The stock has a market capitalization of $89.88 billion, a price-to-earnings ratio of 18.84, a P/E/G ratio of 1.73 and a beta of 1.18. 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 twelve month low of $113.24 and a twelve month high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.18. The firm had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.06 billion. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The company’s revenue was up 17.8% on a year-over-year basis. During the same quarter last year, the company earned $0.18 EPS. Sell-side analysts anticipate that Airbnb, Inc. will post 4.66 earnings per share for the current year.

Analyst Ratings Changes

ABNB has been the topic of several analyst reports. UBS Group boosted their price objective on Airbnb from $143.00 to $157.00 and gave the stock a “neutral” rating in a research note on Thursday, May 9th. Truist Financial raised their price target on Airbnb from $131.00 to $134.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research report on Thursday, May 9th. TD Cowen dropped their target price on Airbnb from $180.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Finally, B. Riley initiated coverage on shares of Airbnb in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price objective for the company. Four research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and an average target price of $152.50.

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.