Premier Path Wealth Partners LLC Buys 524 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Premier Path Wealth Partners LLC increased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 21.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,970 shares of the company’s stock after buying an additional 524 shares during the period. Premier Path Wealth Partners LLC’s holdings in Airbnb were worth $450,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Airbnb by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 34,324,465 shares of the company’s stock valued at $5,662,164,000 after purchasing an additional 791,149 shares during the period. Edgewood Management LLC boosted its holdings in Airbnb by 20.8% in the 4th quarter. Edgewood Management LLC now owns 12,417,777 shares of the company’s stock valued at $1,690,556,000 after purchasing an additional 2,135,529 shares during the period. Jennison Associates LLC raised its position in shares of Airbnb by 57.9% in the 1st quarter. Jennison Associates LLC now owns 10,632,035 shares of the company’s stock valued at $1,753,860,000 after buying an additional 3,899,179 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Airbnb by 158.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock valued at $958,279,000 after buying an additional 3,558,178 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Airbnb in the 4th quarter valued at approximately $619,584,000. Institutional investors own 80.76% of the company’s stock.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $146.00, for a total transaction of $87,600.00. Following the completion of the sale, the chief technology officer now owns 211,774 shares of the company’s stock, valued at $30,919,004. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $146.00, for a total transaction of $87,600.00. Following the completion of the sale, the chief technology officer now owns 211,774 shares of the company’s stock, valued at $30,919,004. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO David C. Bernstein sold 1,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $145.88, for a total value of $145,880.00. Following the completion of the sale, the chief accounting officer now directly owns 44,043 shares of the company’s stock, valued at approximately $6,424,992.84. The disclosure for this sale can be found here. Over the last three months, insiders sold 735,492 shares of company stock worth $109,386,004. 27.83% of the stock is owned by corporate insiders.

Airbnb Stock Performance

Shares of Airbnb stock traded up $1.40 during mid-day trading on Friday, hitting $116.85. 4,998,414 shares of the stock were exchanged, compared to its average volume of 4,595,931. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a 50-day simple moving average of $139.00 and a 200 day simple moving average of $149.61. The company has a market capitalization of $75.26 billion, a P/E ratio of 15.64, a P/E/G ratio of 1.67 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 (NASDAQ:ABNB) last released its earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.74 billion. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.98 earnings per share. Sell-side analysts anticipate that Airbnb, Inc. will post 4.66 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Robert W. Baird dropped their target price on shares of Airbnb from $140.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. The Goldman Sachs Group dropped their target price on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating for the company in a research report on Thursday, August 8th. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research report on Wednesday, August 7th. Wedbush lowered their price objective on shares of Airbnb from $165.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, Bank of America lowered their price objective on shares of Airbnb from $160.00 to $132.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $137.00.

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.