Airbnb, Inc. $ABNB Shares Purchased by Joel Isaacson & Co. LLC

Joel Isaacson & Co. LLC boosted its position in Airbnb, Inc. (NASDAQ:ABNB) by 19.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,505 shares of the company’s stock after acquiring an additional 741 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in Airbnb were worth $596,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ABNB. Gateway Investment Advisers LLC acquired a new position in Airbnb in the first quarter valued at $262,000. Park Avenue Securities LLC boosted its holdings in Airbnb by 4.0% in the first quarter. Park Avenue Securities LLC now owns 19,445 shares of the company’s stock valued at $2,323,000 after acquiring an additional 750 shares during the last quarter. Moss Adams Wealth Advisors LLC acquired a new position in shares of Airbnb during the first quarter worth about $202,000. Farther Finance Advisors LLC lifted its stake in shares of Airbnb by 5.3% during the first quarter. Farther Finance Advisors LLC now owns 3,748 shares of the company’s stock worth $454,000 after purchasing an additional 189 shares in the last quarter. Finally, Fourpath Capital Management LLC lifted its stake in shares of Airbnb by 5.6% during the first quarter. Fourpath Capital Management LLC now owns 2,682 shares of the company’s stock worth $320,000 after purchasing an additional 142 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Performance

NASDAQ:ABNB opened at $119.85 on Wednesday. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. The business’s 50-day simple moving average is $125.08 and its 200 day simple moving average is $127.47. The stock has a market cap of $74.48 billion, a price-to-earnings ratio of 29.02, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.92 by $0.11. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the previous year, the firm posted $0.86 earnings per share. The company’s revenue was up 12.7% compared to the same quarter last year. On average, equities research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ABNB shares. Citizens Jmp upgraded Airbnb to a “hold” rating in a research note on Monday, August 11th. Morgan Stanley reduced their price objective on Airbnb from $130.00 to $120.00 and set an “underweight” rating on the stock in a research note on Thursday, August 7th. Wedbush reduced their price objective on Airbnb from $135.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. BNP Paribas upgraded Airbnb to a “hold” rating in a research note on Wednesday, July 16th. Finally, BMO Capital Markets set a $124.00 price objective on Airbnb and gave the stock a “market perform” rating in a research note on Thursday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nineteen have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average target price of $141.81.

Insiders Place Their Bets

In related news, insider Nathan Blecharczyk sold 2,246 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $125.20, for a total value of $281,199.20. Following the transaction, the insider owned 182,514 shares in the company, valued at approximately $22,850,752.80. The trade was a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO David C. Bernstein sold 5,000 shares of the business’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $142.00, for a total value of $710,000.00. Following the completion of the sale, the chief accounting officer directly owned 42,619 shares of the company’s stock, valued at approximately $6,051,898. This represents a 10.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,431,476 shares of company stock valued at $182,776,618. Insiders own 27.83% of the company’s stock.

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.