Hantz Financial Services Inc. Makes New Investment in Airbnb, Inc. (NASDAQ:ABNB)

Hantz Financial Services Inc. acquired a new position in Airbnb, Inc. (NASDAQ:ABNB) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 178,618 shares of the company’s stock, valued at approximately $27,084,000.

Other hedge funds have also added to or reduced their stakes in the company. International Assets Investment Management LLC raised its position in shares of Airbnb by 41.7% in the second quarter. International Assets Investment Management LLC now owns 5,732 shares of the company’s stock valued at $869,000 after purchasing an additional 1,687 shares during the period. iA Global Asset Management Inc. raised its position in shares of Airbnb by 11.7% in the second quarter. iA Global Asset Management Inc. now owns 770,738 shares of the company’s stock valued at $116,867,000 after purchasing an additional 80,802 shares during the period. Fort Washington Investment Advisors Inc. OH raised its position in shares of Airbnb by 20.5% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 607,617 shares of the company’s stock valued at $92,133,000 after purchasing an additional 103,368 shares during the period. Crewe Advisors LLC raised its position in shares of Airbnb by 469.5% in the second quarter. Crewe Advisors LLC now owns 541 shares of the company’s stock valued at $82,000 after purchasing an additional 446 shares during the period. Finally, UMB Bank n.a. raised its position in shares of Airbnb by 97.9% in the second quarter. UMB Bank n.a. now owns 655 shares of the company’s stock valued at $99,000 after purchasing an additional 324 shares during the period. Institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wells Fargo & Company decreased their target price on shares of Airbnb from $129.00 to $100.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. Truist Financial upped their target price on shares of Airbnb from $131.00 to $134.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Benchmark reaffirmed a “buy” rating and set a $155.00 target price on shares of Airbnb in a report on Monday, August 26th. Royal Bank of Canada decreased their target price on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Finally, Robert W. Baird cut their price target on shares of Airbnb from $140.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $137.00.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $145.82, for a total value of $87,492.00. Following the transaction, the chief technology officer now owns 211,174 shares of the company’s stock, valued at $30,793,392.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Joseph Gebbia sold 44,990 shares of the stock in a transaction that occurred on 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 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 is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $145.82, for a total transaction of $87,492.00. Following the transaction, the chief technology officer now directly owns 211,174 shares in the company, valued at approximately $30,793,392.68. The disclosure for this sale can be found here. Insiders have sold a total of 619,507 shares of company stock valued at $92,442,963 in the last 90 days. 27.83% of the stock is currently owned by insiders.

Airbnb Stock Performance

Shares of ABNB stock opened at $117.31 on Friday. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The company’s 50-day moving average is $135.26 and its 200 day moving average is $148.30. The company has a market capitalization of $75.55 billion, a price-to-earnings ratio of 15.70, a price-to-earnings-growth ratio of 1.67 and a beta of 1.18. 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 announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). The company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 EPS. Sell-side analysts expect that Airbnb, Inc. will post 4.66 EPS for the current fiscal 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.