Park Avenue Securities LLC Has $2.32 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Park Avenue Securities LLC boosted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 4.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,445 shares of the company’s stock after buying an additional 750 shares during the period. Park Avenue Securities LLC’s holdings in Airbnb were worth $2,323,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ABNB. Golden State Wealth Management LLC bought a new stake in shares of Airbnb during the fourth quarter valued at approximately $25,000. Kingsview Wealth Management LLC grew its position in Airbnb by 3.6% in the fourth quarter. Kingsview Wealth Management LLC now owns 3,825 shares of the company’s stock valued at $503,000 after acquiring an additional 134 shares during the period. Empirical Finance LLC grew its position in Airbnb by 6.7% in the fourth quarter. Empirical Finance LLC now owns 2,791 shares of the company’s stock valued at $367,000 after acquiring an additional 175 shares during the period. Quotient Wealth Partners LLC bought a new stake in shares of Airbnb during the fourth quarter worth $204,000. Finally, Kestra Private Wealth Services LLC grew its holdings in shares of Airbnb by 3.8% during the fourth quarter. Kestra Private Wealth Services LLC now owns 17,352 shares of the company’s stock worth $2,280,000 after purchasing an additional 630 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Airbnb Trading Down 0.3%

NASDAQ ABNB opened at $138.56 on Wednesday. The stock’s 50-day simple moving average is $124.43 and its two-hundred day simple moving average is $130.77. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $86.80 billion, a price-to-earnings ratio of 33.55, a PEG ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 EPS. Research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Transactions at Airbnb

In related news, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $132.28, for a total transaction of $826,750.00. Following the completion of the transaction, the chief financial officer now directly owns 467,611 shares of the company’s stock, valued at approximately $61,855,583.08. This represents a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $126.00, for a total value of $88,200.00. Following the transaction, the chief technology officer now directly owns 171,419 shares of the company’s stock, valued at approximately $21,598,794. The trade was a 0.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,427,033 shares of company stock valued at $175,485,785 in the last ninety days. 27.91% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ABNB shares. BTIG Research reaffirmed a “neutral” rating on shares of Airbnb in a research note on Wednesday, May 28th. Hsbc Global Res raised Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Wedbush downgraded Airbnb from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $150.00 to $135.00 in a report on Friday, May 2nd. Susquehanna decreased their price objective on Airbnb from $200.00 to $150.00 and set a “positive” rating for the company in a report on Monday, May 5th. Finally, Phillip Securities downgraded Airbnb from a “hold” rating to a “moderate sell” rating in a research note on Friday, May 9th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Airbnb has an average rating of “Hold” and a consensus price target of $141.23.

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.