SG Americas Securities LLC Buys 387,236 Shares of Airbnb, Inc. $ABNB

SG Americas Securities LLC boosted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 163.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 624,000 shares of the company’s stock after acquiring an additional 387,236 shares during the quarter. SG Americas Securities LLC’s holdings in Airbnb were worth $78,799,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new position in shares of Airbnb during the third quarter worth $25,000. ORG Partners LLC lifted its stake in shares of Airbnb by 97.0% in the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after acquiring an additional 96 shares during the last quarter. Transamerica Financial Advisors LLC lifted its stake in shares of Airbnb by 143.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after acquiring an additional 112 shares during the last quarter. Entrust Financial LLC acquired a new stake in shares of Airbnb during the 4th quarter valued at $27,000. Finally, Sunbelt Securities Inc. boosted its holdings in shares of Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Activity

In related news, CEO Brian Chesky sold 30,743 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $138.40, for a total value of $4,254,831.20. Following the sale, the chief executive officer directly owned 10,701,685 shares in the company, valued at $1,481,113,204. This represents a 0.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Elinor Mertz sold 7,433 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $136.24, for a total transaction of $1,012,671.92. Following the sale, the chief financial officer directly owned 449,040 shares of the company’s stock, valued at $61,177,209.60. This represents a 1.63% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,914,860 shares of company stock valued at $259,869,869. Company insiders own 27.21% of the company’s stock.

Airbnb Stock Performance

NASDAQ ABNB opened at $139.19 on Tuesday. The company has a market capitalization of $83.89 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 1.53 and a beta of 1.16. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $147.25. The stock has a fifty day simple moving average of $136.56 and a 200 day simple moving average of $132.34. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the firm posted $0.24 earnings per share. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. Sell-side analysts expect that Airbnb, Inc. will post 4.91 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $173.00 target price on shares of Airbnb in a report on Thursday, May 21st. HSBC lowered Airbnb from a “hold” rating to a “hold” rating in a research note on Monday, May 4th. Robert W. Baird set a $150.00 price target on Airbnb in a report on Friday, May 8th. UBS Group upped their price objective on Airbnb from $153.00 to $157.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Morgan Stanley lowered shares of Airbnb from an “underweight” rating to an “underweight” rating in a report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $157.96.

Airbnb Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.