Mizuho Markets Americas LLC Takes $2.98 Million Position in Airbnb, Inc. $ABNB

Mizuho Markets Americas LLC purchased a new position in Airbnb, Inc. (NASDAQ:ABNB) during the first quarter, Holdings Channel.com reports. The firm purchased 23,598 shares of the company’s stock, valued at approximately $2,980,000.

Several other hedge funds and other institutional investors have also modified their holdings of ABNB. ORG Partners LLC boosted its position in Airbnb by 97.0% during the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after purchasing an additional 96 shares during the last quarter. Transamerica Financial Advisors LLC grew its stake in Airbnb by 143.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after purchasing an additional 112 shares in the last quarter. Entrust Financial LLC acquired a new position in Airbnb in the 4th quarter worth about $27,000. Meeder Asset Management Inc. increased its position in Airbnb by 96.3% in the 1st quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock worth $27,000 after purchasing an additional 105 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its stake in shares of Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Airbnb news, CFO Elinor Mertz sold 3,750 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $148.01, for a total transaction of $555,037.50. Following the completion of the sale, the chief financial officer owned 445,290 shares of the company’s stock, valued at $65,907,372.90. This represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph Gebbia sold 2,460 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $150.00, for a total value of $369,000.00. Following the transaction, the director owned 2,595,119 shares in the company, valued at approximately $389,267,850. This trade represents a 0.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 2,231,864 shares of company stock valued at $308,474,278 in the last quarter. Company insiders own 27.21% of the company’s stock.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $137.57 on Friday. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $150.88. The business has a 50-day moving average of $139.68 and a two-hundred day moving average of $134.58. The stock has a market capitalization of $82.91 billion, a P/E ratio of 33.88, a P/E/G ratio of 1.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.05). The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The business’s revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 EPS. On average, equities research analysts predict that Airbnb, Inc. will post 4.92 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ABNB has been the subject of several research reports. Wells Fargo & Company lifted their price target on Airbnb from $178.00 to $181.00 and gave the company an “overweight” rating in a report on Friday, May 8th. HSBC downgraded Airbnb from a “hold” rating to a “hold” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $170.00 price objective on shares of Airbnb in a research report on Friday, May 8th. JPMorgan Chase & Co. lifted their target price on shares of Airbnb from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Weiss Ratings raised shares of Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Airbnb has a consensus rating of “Moderate Buy” and an average target price of $159.65.

About Airbnb

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.