Thurston Springer Miller Herd & Titak Inc. Sells 4,344 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Thurston Springer Miller Herd & Titak Inc. lessened its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 87.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 642 shares of the company’s stock after selling 4,344 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Airbnb were worth $97,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Assenagon Asset Management S.A. raised its holdings in Airbnb by 4.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock worth $1,119,000 after purchasing an additional 333 shares in the last quarter. Fifth Third Bancorp raised its holdings in Airbnb by 83.3% in the fourth quarter. Fifth Third Bancorp now owns 5,595 shares of the company’s stock worth $762,000 after purchasing an additional 2,542 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in Airbnb by 18.4% in the fourth quarter. DAVENPORT & Co LLC now owns 2,324 shares of the company’s stock worth $316,000 after purchasing an additional 361 shares in the last quarter. UMB Bank n.a. raised its holdings in Airbnb by 50.7% in the fourth quarter. UMB Bank n.a. now owns 324 shares of the company’s stock worth $44,000 after purchasing an additional 109 shares in the last quarter. Finally, Venturi Wealth Management LLC raised its holdings in Airbnb by 36.2% in the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the company’s stock worth $41,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

NASDAQ ABNB traded up $5.16 during trading on Tuesday, hitting $130.47. 10,980,646 shares of the stock traded hands, compared to its average volume of 4,412,055. The company has a market capitalization of $84.03 billion, a P/E ratio of 16.78, a price-to-earnings-growth ratio of 1.67 and a beta of 1.18. The firm has a 50-day simple moving average of $146.66 and a 200-day simple moving average of $152.22. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.25. Airbnb, Inc. has a 12-month low of $113.24 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly 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. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 EPS. As a group, analysts predict that Airbnb, Inc. will post 4.66 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. DA Davidson reissued a “neutral” rating and issued a $145.00 target price on shares of Airbnb in a research note on Thursday, May 9th. UBS Group increased their target price on Airbnb from $143.00 to $157.00 and gave the stock a “neutral” rating in a research note on Thursday, May 9th. Piper Sandler Companies increased their target price on Airbnb from $145.00 to $155.00 and gave the stock a “neutral” rating in a research note on Thursday, May 9th. BMO Capital Markets increased their target price on Airbnb from $135.00 to $151.00 and gave the stock a “market perform” rating in a research note on Thursday, May 9th. Finally, Wedbush reissued an “outperform” rating and issued a $165.00 target price on shares of Airbnb in a research note on Tuesday, July 30th. Three equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $153.58.

Insider Buying and Selling at Airbnb

In related 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 can be accessed through this hyperlink. In related 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 can be accessed through this hyperlink. Also, CAO David C. Bernstein sold 6,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $147.00, for a total value of $882,000.00. Following the transaction, the chief accounting officer now owns 47,043 shares of the company’s stock, valued at approximately $6,915,321. The disclosure for this sale can be found here. Insiders sold 734,892 shares of company stock worth $109,326,124 in the last quarter. 27.83% of the stock is owned by corporate insiders.

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.