Moran Wealth Management LLC Invests $215,000 in Airbnb, Inc. (NASDAQ:ABNB)

Moran Wealth Management LLC acquired a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,578 shares of the company’s stock, valued at approximately $215,000.

Several other institutional investors have also recently made changes to their positions in ABNB. Avantax Advisory Services Inc. increased its holdings in Airbnb by 40.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,684 shares of the company’s stock valued at $502,000 after acquiring an additional 1,059 shares during the last quarter. Ieq Capital LLC grew its stake in Airbnb by 6.9% in the fourth quarter. Ieq Capital LLC now owns 84,672 shares of the company’s stock worth $11,527,000 after purchasing an additional 5,443 shares in the last quarter. Forum Financial Management LP raised its position in Airbnb by 3.4% during the 4th quarter. Forum Financial Management LP now owns 4,729 shares of the company’s stock valued at $644,000 after purchasing an additional 157 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Airbnb by 7.7% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 17,172 shares of the company’s stock worth $2,338,000 after acquiring an additional 1,221 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Airbnb by 7.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 694,090 shares of the company’s stock valued at $94,497,000 after purchasing an additional 48,348 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Up 0.5 %

Airbnb stock traded up $0.72 during midday trading on Thursday, reaching $146.52. The stock had a trading volume of 584,264 shares, compared to its average volume of 4,569,990. Airbnb, Inc. has a 1-year low of $103.74 and a 1-year high of $170.10. The firm’s fifty day simple moving average is $160.41 and its 200-day simple moving average is $146.51. The stock has a market capitalization of $94.81 billion, a P/E ratio of 19.52, a price-to-earnings-growth ratio of 1.84 and a beta of 1.24. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.44.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.18. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.06 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. Airbnb’s revenue was up 17.8% on a year-over-year basis. During the same period last year, the business posted $0.18 EPS. As a group, analysts expect that Airbnb, Inc. will post 4.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ABNB. JPMorgan Chase & Co. lifted their price target on shares of Airbnb from $140.00 to $145.00 and gave the stock a “neutral” rating in a report on Thursday, May 9th. Benchmark began coverage on Airbnb in a research note on Thursday, April 11th. They set a “buy” rating and a $190.00 price objective for the company. HSBC lowered shares of Airbnb from a “buy” rating to a “hold” rating and dropped their price target for the company from $160.00 to $156.00 in a research report on Thursday, May 9th. Piper Sandler Companies increased their target price on Airbnb from $145.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. Finally, Citigroup cut their price objective on Airbnb from $170.00 to $167.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Four investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Airbnb has a consensus rating of “Hold” and a consensus target price of $152.13.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 78,682 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was 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 owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Brian Chesky sold 76,912 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $147.79, for a total transaction of $11,366,824.48. Following the transaction, the chief executive officer now directly owns 14,545,529 shares of the company’s stock, valued at $2,149,683,730.91. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 78,682 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $169.30, for a total value of $13,320,862.60. Following the completion of the sale, the chief technology officer now directly owns 144,331 shares of the company’s stock, valued at approximately $24,435,238.30. The disclosure for this sale can be found here. Insiders sold 397,474 shares of company stock valued at $63,809,871 over the last quarter. 27.83% of the stock is owned by company insiders.

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.