Elyxium Wealth LLC Has $375,000 Stake in Airbnb, Inc. (NASDAQ:ABNB)

Elyxium Wealth LLC boosted its stake in Airbnb, Inc. (NASDAQ:ABNB) by 4.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,141 shares of the company’s stock after purchasing an additional 141 shares during the period. Elyxium Wealth LLC’s holdings in Airbnb were worth $375,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Park Square Financial Group LLC bought a new stake in Airbnb during the fourth quarter valued at $26,000. Orion Capital Management LLC bought a new position in shares of Airbnb during the 4th quarter worth about $28,000. Stonebridge Financial Group LLC boosted its position in shares of Airbnb by 75.7% during the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock worth $29,000 after purchasing an additional 106 shares in the last quarter. Bartlett & CO. Wealth Management LLC boosted its position in shares of Airbnb by 209.6% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company’s stock worth $31,000 after purchasing an additional 174 shares in the last quarter. Finally, Graney & King LLC bought a new position in shares of Airbnb during the 4th quarter worth about $32,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of the business’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $123.43, for a total value of $771,437.50. Following the transaction, the chief financial officer owned 485,080 shares in the company, valued at approximately $59,873,424.40. The trade was a 1.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $128.66, for a total transaction of $30,363,760.00. Following the sale, the director directly owned 1,416,015 shares in the company, valued at $182,184,489.90. The trade was a 14.29% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,629,043 shares of company stock worth $210,678,753. 27.91% of the stock is currently owned by company insiders.

Airbnb Stock Performance

NASDAQ ABNB opened at $139.34 on Friday. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The company has a market capitalization of $87.28 billion, a P/E ratio of 35.19, a P/E/G ratio of 2.61 and a beta of 1.13. The company has a fifty day moving average of $134.35 and a 200-day moving average of $130.79.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.26 billion. Airbnb had a return on equity of 30.91% and a net margin of 22.60%. Airbnb’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 EPS. As a group, analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on ABNB. Benchmark lowered their target price on shares of Airbnb from $178.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Wedbush lowered shares of Airbnb from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $150.00 to $135.00 in a report on Friday, May 2nd. Wells Fargo & Company upped their target price on shares of Airbnb from $104.00 to $111.00 and gave the stock an “underweight” rating in a report on Monday, July 7th. DA Davidson upgraded shares of Airbnb from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $170.00 to $155.00 in a report on Wednesday, April 30th. Finally, Citigroup lowered their target price on shares of Airbnb from $170.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, May 5th. Five investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $141.50.

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.