Appleton Partners Inc. MA Lowers Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Appleton Partners Inc. MA cut its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 5.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,000 shares of the company’s stock after selling 382 shares during the period. Appleton Partners Inc. MA’s holdings in Airbnb were worth $1,061,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Transcendent Capital Group LLC acquired a new position in shares of Airbnb during the 1st quarter valued at $25,000. Bfsg LLC acquired a new position in shares of Airbnb during the 4th quarter valued at $27,000. Trust Co. of Vermont acquired a new position in shares of Airbnb during the 4th quarter valued at $27,000. Vima LLC acquired a new position in shares of Airbnb during the 4th quarter valued at $29,000. Finally, Westend Capital Management LLC acquired a new position in shares of Airbnb during the 1st quarter valued at $33,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of recent analyst reports. Benchmark reiterated a “buy” rating and issued a $190.00 price objective on shares of Airbnb in a report on Thursday, July 18th. JPMorgan Chase & Co. upped their target price on shares of Airbnb from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Thursday, May 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research report on Thursday, May 9th. Morgan Stanley increased their price target on shares of Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 23rd. Finally, Piper Sandler Companies increased their price target on shares of Airbnb from $145.00 to $155.00 and gave the stock a “neutral” rating in a research report on Thursday, May 9th. Four 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $152.24.

Insiders Place Their Bets

In other Airbnb news, insider Aristotle N. Balogh 600 shares of the business’s stock in a transaction on Tuesday, July 30th. The was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CTO Aristotle N. Balogh sold 80,000 shares of the firm’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $149.11, for a total transaction of $11,928,800.00. Following the transaction, the chief technology officer now owns 207,574 shares in the company, valued at approximately $30,951,359.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Aristotle N. Balogh 600 shares of the business’s stock in a transaction on Tuesday, July 30th. The disclosure for this trade can be found here. Insiders sold a total of 735,492 shares of company stock worth $109,423,324 in the last quarter. 27.83% of the stock is currently owned by corporate insiders.

Airbnb Trading Down 5.1 %

Airbnb stock traded down $6.86 during midday trading on Friday, reaching $128.23. The stock had a trading volume of 7,745,494 shares, compared to its average volume of 3,910,976. The firm’s fifty day simple moving average is $147.05 and its two-hundred day simple moving average is $152.18. Airbnb, Inc. has a twelve month low of $113.24 and a twelve month high of $170.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44. The firm 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 posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.18. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The firm had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same quarter last year, the business posted $0.18 EPS. The company’s revenue was up 17.8% on a year-over-year basis. Equities analysts anticipate that Airbnb, Inc. will post 4.66 EPS for the current fiscal year.

Airbnb 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.