Little House Capital LLC Invests $555,000 in Airbnb, Inc. (NASDAQ:ABNB)

Little House Capital LLC purchased a new stake in Airbnb, Inc. (NASDAQ:ABNB) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,365 shares of the company’s stock, valued at approximately $555,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mount Vernon Associates Inc. MD increased its holdings in Airbnb by 1.0% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,270 shares of the company’s stock worth $990,000 after buying an additional 75 shares during the last quarter. Cambridge Trust Co. grew its holdings in Airbnb by 10.0% during the fourth quarter. Cambridge Trust Co. now owns 825 shares of the company’s stock worth $112,000 after purchasing an additional 75 shares during the period. Waldron Private Wealth LLC increased its position in Airbnb by 0.5% during the fourth quarter. Waldron Private Wealth LLC now owns 16,171 shares of the company’s stock worth $2,201,000 after buying an additional 78 shares during the last quarter. Venturi Wealth Management LLC raised its stake in Airbnb by 36.2% in the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the company’s stock valued at $41,000 after buying an additional 80 shares during the period. Finally, Centurion Wealth Management LLC lifted its position in shares of Airbnb by 2.3% in the fourth quarter. Centurion Wealth Management LLC now owns 3,605 shares of the company’s stock valued at $491,000 after buying an additional 81 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $161.55, for a total transaction of $96,930.00. Following the transaction, the chief technology officer now directly owns 222,304 shares in the company, valued at approximately $35,913,211.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CEO Brian Chesky sold 115,385 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $146.08, for a total transaction of $16,855,440.80. Following the completion of the transaction, the chief executive officer now directly owns 14,260,457 shares of the company’s stock, valued at approximately $2,083,167,558.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $161.55, for a total transaction of $96,930.00. Following the completion of the sale, the chief technology officer now directly owns 222,304 shares in the company, valued at approximately $35,913,211.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 413,287 shares of company stock worth $61,071,555. 27.83% of the stock is owned by corporate insiders.

Airbnb Stock Down 0.9 %

Shares of NASDAQ:ABNB traded down $1.31 during trading on Monday, reaching $150.32. 1,771,384 shares of the stock were exchanged, compared to its average volume of 4,410,331. Airbnb, Inc. has a 1-year low of $113.24 and a 1-year high of $170.10. The firm has a market cap of $96.81 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 1.88 and a beta of 1.18. The stock has a fifty day moving average of $150.43 and a two-hundred day moving average of $151.03. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.18. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.06 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The firm’s revenue was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 EPS. Research analysts anticipate that Airbnb, Inc. will post 4.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ABNB has been the subject of several research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a report on Thursday, May 9th. Citigroup decreased their price objective on Airbnb from $170.00 to $167.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. DA Davidson restated a “neutral” rating and set a $145.00 target price on shares of Airbnb in a research report on Thursday, May 9th. UBS Group lifted their price target on shares of Airbnb from $143.00 to $157.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. Finally, Bank of America increased their price target on Airbnb from $155.00 to $168.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Airbnb presently has an average rating of “Hold” and a consensus target price of $152.38.

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.