PFG Investments LLC Takes Position in Airbnb, Inc. (NASDAQ:ABNB)

PFG Investments LLC acquired a new position in Airbnb, Inc. (NASDAQ:ABNB) in the 1st quarter, Holdings Channel reports. The institutional investor acquired 2,700 shares of the company’s stock, valued at approximately $445,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CVA Family Office LLC acquired a new position in shares of Airbnb in the 4th quarter valued at approximately $26,000. Trust Co. of Vermont acquired a new position in shares of Airbnb in the 4th quarter valued at approximately $27,000. Orion Capital Management LLC acquired a new position in shares of Airbnb in the 3rd quarter valued at approximately $27,000. Bfsg LLC acquired a new position in shares of Airbnb in the 4th quarter valued at approximately $27,000. Finally, Westend Capital Management LLC acquired a new position in shares of Airbnb in the 1st quarter valued at approximately $33,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Price Performance

ABNB traded down $3.68 during trading hours on Tuesday, hitting $158.57. The company’s stock had a trading volume of 3,016,589 shares, compared to its average volume of 4,477,947. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average price is $160.84 and its 200-day moving average price is $144.10. The stock has a market cap of $102.61 billion, a price-to-earnings ratio of 21.90, a P/E/G ratio of 2.18 and a beta of 1.25. Airbnb, Inc. has a 12 month low of $103.55 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. Sell-side analysts expect that Airbnb, Inc. will post 4.47 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Dave Stephenson sold 7,838 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $145.98, for a total transaction of $1,144,191.24. Following the transaction, the chief financial officer now owns 85,802 shares in the company, valued at approximately $12,525,375.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Nathan Blecharczyk sold 60,000 shares of Airbnb stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $146.58, for a total value of $8,794,800.00. Following the completion of the transaction, the insider now owns 473,762 shares in the company, valued at approximately $69,444,033.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dave Stephenson sold 7,838 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $145.98, for a total value of $1,144,191.24. Following the sale, the chief financial officer now owns 85,802 shares of the company’s stock, valued at approximately $12,525,375.96. The disclosure for this sale can be found here. Insiders have sold 456,274 shares of company stock worth $72,410,859 in the last quarter. Corporate insiders own 27.83% of the company’s stock.

Analyst Ratings Changes

ABNB has been the subject of several analyst reports. BMO Capital Markets boosted their target price on shares of Airbnb from $134.00 to $135.00 and gave the company a “market perform” rating in a research report on Wednesday, February 14th. B. Riley initiated coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price objective for the company. Barclays upped their price objective on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Monday, January 29th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research report on Thursday, April 11th. Finally, UBS Group lowered their price objective on shares of Airbnb from $148.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $149.19.

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.