Mather Group LLC. Grows Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Mather Group LLC. lifted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 84.5% during the second quarter, Holdings Channel reports. The institutional investor owned 3,017 shares of the company’s stock after acquiring an additional 1,382 shares during the quarter. Mather Group LLC.’s holdings in Airbnb were worth $498,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of ABNB. DAVENPORT & Co LLC lifted its stake in Airbnb by 18.4% in the 4th quarter. DAVENPORT & Co LLC now owns 2,324 shares of the company’s stock valued at $316,000 after buying an additional 361 shares in the last quarter. Ballentine Partners LLC purchased a new position in shares of Airbnb in the fourth quarter worth about $281,000. Prime Capital Investment Advisors LLC lifted its stake in shares of Airbnb by 299.7% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 20,683 shares of the company’s stock worth $2,816,000 after buying an additional 15,508 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Airbnb by 97.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 102,242 shares of the company’s stock worth $13,919,000 after acquiring an additional 50,495 shares during the last quarter. Finally, Bleakley Financial Group LLC grew its stake in Airbnb by 2.4% during the 4th quarter. Bleakley Financial Group LLC now owns 7,364 shares of the company’s stock valued at $1,003,000 after acquiring an additional 173 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Morgan Stanley raised their target price on shares of Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 23rd. BMO Capital Markets boosted their price objective on Airbnb from $135.00 to $151.00 and gave the stock a “market perform” rating in a research note on Thursday, May 9th. DA Davidson reaffirmed a “neutral” rating and issued a $145.00 target price on shares of Airbnb in a research note on Thursday, May 9th. JPMorgan Chase & Co. lifted their price target on Airbnb from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Thursday, May 9th. Finally, Piper Sandler Companies upped their price objective on shares of Airbnb from $145.00 to $155.00 and gave the company a “neutral” rating in a report on Thursday, May 9th. Three investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average target price of $153.58.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 44,990 shares of Airbnb stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $150.04, for a total value of $6,750,299.60. Following the sale, the director now owns 46,467 shares of the company’s stock, valued at $6,971,908.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Joseph Gebbia sold 44,990 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $150.04, for a total value of $6,750,299.60. Following the completion of the sale, the director now directly owns 46,467 shares of the company’s stock, valued at approximately $6,971,908.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $145.71, for a total value of $87,426.00. Following the transaction, the chief technology officer now directly owns 212,374 shares in the company, valued at approximately $30,945,015.54. The disclosure for this sale can be found here. Insiders sold 734,892 shares of company stock worth $109,326,124 over the last 90 days. 27.83% of the stock is currently owned by insiders.

Airbnb Stock Up 4.1 %

NASDAQ ABNB traded up $5.16 during trading hours on Tuesday, hitting $130.47. 10,980,646 shares of the company were exchanged, compared to its average volume of 4,412,055. 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 firm has a market cap of $84.03 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.67 and a beta of 1.18. The company has a 50 day moving average of $146.33 and a two-hundred day moving average of $152.15. Airbnb, Inc. has a 52-week low of $113.24 and a 52-week high of $170.10.

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 firm 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 business’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 earnings per share. Equities research analysts anticipate that Airbnb, Inc. will post 4.66 earnings per share for the current year.

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.