Apollon Wealth Management LLC Has $937,000 Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Apollon Wealth Management LLC grew its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 100.9% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,881 shares of the company’s stock after buying an additional 3,456 shares during the quarter. Apollon Wealth Management LLC’s holdings in Airbnb were worth $937,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Airbnb by 43.0% in the 3rd quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock valued at $4,697,896,000 after buying an additional 10,301,746 shares in the last quarter. Northern Trust Corp increased its position in shares of Airbnb by 41.3% during the 3rd quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock worth $598,745,000 after purchasing an additional 1,276,456 shares in the last quarter. Legal & General Group Plc increased its position in shares of Airbnb by 5.0% during the 3rd quarter. Legal & General Group Plc now owns 2,568,807 shares of the company’s stock worth $352,466,000 after purchasing an additional 121,651 shares in the last quarter. Alphinity Investment Management Pty Ltd increased its position in shares of Airbnb by 48.3% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,496,885 shares of the company’s stock worth $339,926,000 after purchasing an additional 813,074 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Airbnb by 69.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,301,395 shares of the company’s stock worth $315,774,000 after purchasing an additional 943,520 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Tigress Financial increased their target price on shares of Airbnb from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Bank of America increased their target price on shares of Airbnb from $155.00 to $168.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. Benchmark initiated coverage on shares of Airbnb in a report on Thursday, April 11th. They set a “buy” rating and a $190.00 price objective on the stock. Wells Fargo & Company increased their price objective on shares of Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a report on Monday, April 1st. Finally, TD Cowen decreased their price objective on shares of Airbnb from $180.00 to $170.00 and set a “buy” rating on the stock in a report on Thursday. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Airbnb has an average rating of “Hold” and an average target price of $151.91.

Insider Activity at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 78,682 shares of Airbnb stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the completion of the transaction, the chief technology officer now directly owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Airbnb news, CTO Aristotle N. Balogh sold 78,682 shares of Airbnb stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the completion of the transaction, the chief technology officer now directly owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $163.00, for a total transaction of $97,800.00. Following the transaction, the chief technology officer now directly owns 144,931 shares of the company’s stock, valued at $23,623,753. The disclosure for this sale can be found here. Over the last three months, insiders sold 397,474 shares of company stock valued at $63,809,871. 27.83% of the stock is owned by corporate insiders.

Airbnb Price Performance

NASDAQ:ABNB opened at $147.05 on Friday. Airbnb, Inc. has a 1-year low of $103.55 and a 1-year high of $170.10. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. The firm has a fifty day simple moving average of $161.68 and a 200 day simple moving average of $145.50. The stock has a market capitalization of $95.15 billion, a PE ratio of 20.31, a P/E/G ratio of 2.12 and a beta of 1.24.

Airbnb (NASDAQ:ABNB) last released its earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.18. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period last year, the business earned $0.18 earnings per share. The firm’s revenue was up 17.8% on a year-over-year basis. On average, research analysts expect that Airbnb, Inc. will post 4.47 EPS for the current fiscal year.

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.