MGO One Seven LLC Grows Stock Position in Airbnb, Inc. $ABNB

MGO One Seven LLC boosted its position in Airbnb, Inc. (NASDAQ:ABNB) by 34.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 9,016 shares of the company’s stock after purchasing an additional 2,306 shares during the period. MGO One Seven LLC’s holdings in Airbnb were worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of ABNB. GAMMA Investing LLC increased its position in Airbnb by 98.9% in the first quarter. GAMMA Investing LLC now owns 5,115 shares of the company’s stock worth $611,000 after buying an additional 2,543 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in Airbnb by 39.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 73,246 shares of the company’s stock worth $8,750,000 after buying an additional 20,753 shares during the last quarter. Ritholtz Wealth Management increased its position in Airbnb by 10.0% in the first quarter. Ritholtz Wealth Management now owns 5,328 shares of the company’s stock worth $636,000 after buying an additional 484 shares during the last quarter. Exchange Traded Concepts LLC increased its position in Airbnb by 0.8% in the first quarter. Exchange Traded Concepts LLC now owns 19,325 shares of the company’s stock worth $2,309,000 after buying an additional 147 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in Airbnb by 0.4% in the first quarter. Janney Montgomery Scott LLC now owns 51,192 shares of the company’s stock worth $6,115,000 after buying an additional 228 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 4,630 shares of Airbnb stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $128.42, for a total transaction of $594,584.60. Following the completion of the sale, the chief financial officer owned 444,070 shares of the company’s stock, valued at $57,027,469.40. The trade was a 1.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $120.46, for a total value of $72,276.00. Following the completion of the sale, the chief technology officer directly owned 197,806 shares of the company’s stock, valued at approximately $23,827,710.76. This trade represents a 0.30% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,666,876 shares of company stock worth $210,819,940. 27.91% of the stock is currently owned by company insiders.

Airbnb Stock Up 1.1%

Shares of ABNB stock opened at $124.26 on Thursday. The business has a 50-day moving average price of $123.83 and a two-hundred day moving average price of $127.21. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The firm has a market cap of $77.22 billion, a P/E ratio of 30.09, a price-to-earnings-growth ratio of 2.24 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share (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 firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the previous year, the company posted $0.86 earnings per share. The company’s revenue was up 12.7% compared to the same quarter last year. As a group, research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on ABNB. Wells Fargo & Company set a $110.00 target price on Airbnb and gave the stock an “underweight” rating in a research report on Thursday, August 7th. BTIG Research reiterated a “neutral” rating on shares of Airbnb in a research report on Tuesday, October 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Airbnb in a research report on Wednesday, October 8th. Barclays set a $105.00 price target on Airbnb and gave the company an “underweight” rating in a research report on Thursday, August 7th. Finally, Phillip Securities upgraded Airbnb from a “moderate sell” rating to a “hold” rating in a research report on Friday, August 8th. Three 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 assigned a Sell rating to the company. Based on data from MarketBeat, Airbnb presently has a consensus rating of “Hold” and a consensus price target of $141.81.

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.