Revolve Wealth Partners LLC Acquires 274 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Revolve Wealth Partners LLC boosted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 8.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,398 shares of the company’s stock after acquiring an additional 274 shares during the period. Revolve Wealth Partners LLC’s holdings in Airbnb were worth $515,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Transcendent Capital Group LLC acquired a new stake in Airbnb in the first quarter valued at approximately $25,000. Bfsg LLC acquired a new stake in shares of Airbnb during the 4th quarter valued at $27,000. Trust Co. of Vermont bought a new stake in Airbnb during the 4th quarter worth $27,000. Vima LLC acquired a new position in Airbnb in the 4th quarter worth about $29,000. Finally, Westend Capital Management LLC bought a new position in Airbnb in the 1st quarter valued at approximately $33,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of recent analyst reports. Robert W. Baird cut their price objective on Airbnb from $140.00 to $120.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Wedbush lowered their price target on Airbnb from $165.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Barclays decreased their price objective on shares of Airbnb from $110.00 to $100.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. DA Davidson reaffirmed a “neutral” rating and issued a $145.00 price target on shares of Airbnb in a report on Thursday, May 9th. Finally, Citigroup reduced their price objective on Airbnb from $170.00 to $167.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $137.00.

Airbnb Trading Down 2.2 %

ABNB traded down $2.57 on Friday, reaching $116.31. 4,592,024 shares of the company traded hands, compared to its average volume of 4,595,619. The firm has a fifty day simple moving average of $141.43 and a two-hundred day simple moving average of $150.43. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.25. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The company has a market cap of $74.91 billion, a P/E ratio of 15.57, a price-to-earnings-growth ratio of 1.67 and a beta of 1.18.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter in the prior year, the company earned $0.98 EPS. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, equities research analysts expect that Airbnb, Inc. will post 4.66 earnings per share for the current year.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $126.57, for a total value of $75,942.00. Following the completion of the sale, the chief technology officer now owns 205,774 shares of the company’s stock, valued at $26,044,815.18. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, CAO David C. Bernstein sold 6,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $147.00, for a total value of $882,000.00. Following the transaction, the chief accounting officer now owns 47,043 shares in the company, valued at approximately $6,915,321. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $126.57, for a total transaction of $75,942.00. Following the transaction, the chief technology officer now owns 205,774 shares of the company’s stock, valued at $26,044,815.18. The disclosure for this sale can be found here. Insiders have sold a total of 735,492 shares of company stock worth $109,402,066 in the last ninety days. 27.83% of the stock is owned by insiders.

About Airbnb

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.