Bradley Foster & Sargent Inc. CT Purchases 19,183 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Bradley Foster & Sargent Inc. CT boosted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 1,231.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,741 shares of the company's stock after buying an additional 19,183 shares during the quarter. Bradley Foster & Sargent Inc. CT's holdings in Airbnb were worth $3,145,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. CHURCHILL MANAGEMENT Corp acquired a new position in Airbnb in the first quarter valued at $7,628,000. Rafferty Asset Management LLC increased its holdings in Airbnb by 18.4% in the fourth quarter. Rafferty Asset Management LLC now owns 144,848 shares of the company's stock worth $19,720,000 after purchasing an additional 22,551 shares in the last quarter. SteelPeak Wealth LLC lifted its stake in Airbnb by 17.2% in the first quarter. SteelPeak Wealth LLC now owns 6,708 shares of the company's stock valued at $1,107,000 after buying an additional 985 shares during the period. ProShare Advisors LLC boosted its holdings in shares of Airbnb by 20.6% during the 1st quarter. ProShare Advisors LLC now owns 488,869 shares of the company's stock worth $80,644,000 after buying an additional 83,383 shares in the last quarter. Finally, State of Tennessee Treasury Department boosted its holdings in shares of Airbnb by 35.8% during the 4th quarter. State of Tennessee Treasury Department now owns 143,254 shares of the company's stock worth $19,503,000 after buying an additional 37,785 shares in the last quarter. Institutional investors own 80.76% of the company's stock.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 600 shares of the business's stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $148.97, for a total transaction of $89,382.00. Following the completion of the transaction, the chief technology officer now directly owns 209,374 shares in the company, valued at $31,190,444.78. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, CTO Aristotle N. Balogh sold 600 shares of the firm's stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $148.97, for a total value of $89,382.00. Following the sale, the chief technology officer now directly owns 209,374 shares of the company's stock, valued at $31,190,444.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Gebbia sold 1,500 shares of the business's stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $150.00, for a total transaction of $225,000.00. Following the completion of the transaction, the director now directly owns 42,087 shares of the company's stock, valued at approximately $6,313,050. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 686,951 shares of company stock worth $95,777,289. Corporate insiders own 27.83% of the company's stock.

Airbnb Price Performance

Shares of Airbnb stock traded up $6.33 on Thursday, reaching $128.75. The stock had a trading volume of 7,685,798 shares, compared to its average volume of 4,546,072. The business's 50 day moving average is $126.26 and its two-hundred day moving average is $145.03. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a market cap of $82.92 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The firm had revenue of $2.75 billion during the quarter, compared to analysts' expectations of $2.74 billion. During the same quarter in the prior year, the company earned $0.98 earnings per share. The business's revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, research analysts anticipate that Airbnb, Inc. will post 4.39 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wedbush dropped their price objective on shares of Airbnb from $165.00 to $135.00 and set an "outperform" rating on the stock in a report on Wednesday, August 7th. Wells Fargo & Company dropped their price objective on shares of Airbnb from $129.00 to $100.00 and set an "underweight" rating on the stock in a research note on Wednesday, August 7th. Morgan Stanley raised their price target on shares of Airbnb from $120.00 to $130.00 and gave the company an "underweight" rating in a research report on Tuesday, July 23rd. Sanford C. Bernstein lowered their price objective on Airbnb from $174.00 to $155.00 and set an "outperform" rating for the company in a research note on Tuesday. Finally, UBS Group cut their target price on Airbnb from $160.00 to $134.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $134.17.

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.