14,076 Shares in Airbnb, Inc. (NASDAQ:ABNB) Acquired by OMC Financial Services LTD

OMC Financial Services LTD purchased a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 14,076 shares of the company’s stock, valued at approximately $2,322,000. Airbnb comprises approximately 1.2% of OMC Financial Services LTD’s investment portfolio, making the stock its 20th largest holding.

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

Airbnb Trading Down 5.1 %

ABNB stock traded down $6.86 during trading on Friday, hitting $128.23. The company had a trading volume of 7,745,494 shares, compared to its average volume of 3,910,976. The firm has a 50-day moving average price of $147.05 and a 200-day moving average price of $152.18. Airbnb, Inc. has a 12 month low of $113.24 and a 12 month high of $170.10. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.25. The stock has a market cap of $82.59 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.67 and a beta of 1.18.

Airbnb (NASDAQ:ABNB) last released 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 during the quarter, compared to the consensus estimate of $2.06 billion. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The firm’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.18 earnings per share. As a group, analysts predict that Airbnb, Inc. will post 4.66 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on ABNB. UBS Group boosted their price target on shares of Airbnb from $143.00 to $157.00 and gave the company a “neutral” rating in a report on Thursday, May 9th. Wedbush reissued an “outperform” rating and issued a $165.00 target price on shares of Airbnb in a research note on Tuesday. Mizuho upgraded shares of Airbnb from a “neutral” rating to a “buy” rating and raised their price target for the stock from $150.00 to $200.00 in a research note on Wednesday, April 24th. BMO Capital Markets lifted their price objective on Airbnb from $135.00 to $151.00 and gave the company a “market perform” rating in a report on Thursday, May 9th. Finally, Tigress Financial increased their target price on Airbnb from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Four investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $152.24.

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $162.00, for a total transaction of $97,200.00. Following the completion of the sale, the chief technology officer now owns 219,904 shares in the company, valued at approximately $35,624,448. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $162.00, for a total value of $97,200.00. Following the completion of the sale, the chief technology officer now owns 219,904 shares in the company, valued at $35,624,448. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 80,000 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $149.11, for a total value of $11,928,800.00. Following the completion of the sale, the chief technology officer now directly owns 207,574 shares of the company’s stock, valued at $30,951,359.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 735,492 shares of company stock worth $109,423,324. Company insiders own 27.83% of the company’s stock.

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.