GHP Investment Advisors Inc. Increases Stake in Airbnb, Inc. $ABNB

GHP Investment Advisors Inc. lifted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 502.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 608 shares of the company’s stock after purchasing an additional 507 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Airbnb were worth $80,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ABNB. Kentucky Trust Co purchased a new position in Airbnb during the 2nd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its position in Airbnb by 70.9% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after buying an additional 83 shares during the last quarter. Concord Wealth Partners purchased a new position in Airbnb during the 2nd quarter worth approximately $28,000. Whipplewood Advisors LLC raised its position in Airbnb by 235.3% during the 2nd quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock worth $30,000 after buying an additional 160 shares during the last quarter. Finally, Armstrong Advisory Group Inc. raised its position in Airbnb by 363.6% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock worth $34,000 after buying an additional 200 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $125.47, for a total transaction of $75,282.00. Following the sale, the chief technology officer owned 196,006 shares of the company’s stock, valued at $24,592,872.82. The trade was a 0.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction on Monday, October 27th. The stock was sold at an average price of $128.47, for a total transaction of $30,318,920.00. Following the sale, the director directly owned 468,015 shares in the company, valued at approximately $60,125,887.05. This trade represents a 33.52% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 1,446,760 shares of company stock valued at $179,726,429. 27.83% of the stock is owned by company insiders.

Airbnb Price Performance

NASDAQ:ABNB opened at $126.80 on Tuesday. The company has a 50 day moving average price of $124.52 and a 200-day moving average price of $128.67. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93. The firm has a market cap of $78.80 billion, a price-to-earnings ratio of 30.70, a price-to-earnings-growth ratio of 2.31 and a beta of 1.11.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.11. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter last year, the company earned $0.86 EPS. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ABNB shares. BTIG Research reissued a “neutral” rating on shares of Airbnb in a research report on Tuesday, October 7th. Phillip Securities raised shares of Airbnb from a “moderate sell” rating to a “hold” rating in a research report on Friday, August 8th. Truist Financial reduced their price target on shares of Airbnb from $106.00 to $104.00 and set a “sell” rating for the company in a research report on Wednesday, September 3rd. Jefferies Financial Group cut their target price on shares of Airbnb from $165.00 to $160.00 and set a “buy” rating for the company in a report on Monday, August 11th. Finally, Wedbush cut their target price on shares of Airbnb from $135.00 to $130.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, Airbnb presently has an average rating of “Hold” and a consensus target price of $141.70.

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.