Rothschild Investment LLC Invests $90,000 in Airbnb, Inc. (NASDAQ:ABNB)

Rothschild Investment LLC acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 592 shares of the company’s stock, valued at approximately $90,000.

Other large investors also recently modified their holdings of the company. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Airbnb in the 1st quarter valued at about $7,628,000. Rafferty Asset Management LLC raised its holdings in shares of Airbnb by 18.4% in the 4th quarter. Rafferty Asset Management LLC now owns 144,848 shares of the company’s stock valued at $19,720,000 after purchasing an additional 22,551 shares during the period. SteelPeak Wealth LLC raised its holdings in shares of Airbnb by 17.2% in the 1st quarter. SteelPeak Wealth LLC now owns 6,708 shares of the company’s stock valued at $1,107,000 after purchasing an additional 985 shares during the period. ProShare Advisors LLC raised its holdings in shares of Airbnb by 20.6% in the 1st quarter. ProShare Advisors LLC now owns 488,869 shares of the company’s stock valued at $80,644,000 after purchasing an additional 83,383 shares during the period. Finally, State of Tennessee Treasury Department raised its holdings in shares of Airbnb by 35.8% in the 4th quarter. State of Tennessee Treasury Department now owns 143,254 shares of the company’s stock valued at $19,503,000 after purchasing an additional 37,785 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on ABNB shares. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research report on Wednesday, August 7th. HSBC downgraded shares of Airbnb from a “buy” rating to a “hold” rating and cut their price objective for the stock from $160.00 to $156.00 in a research report on Thursday, May 9th. TD Cowen cut their price objective on shares of Airbnb from $170.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Bank of America cut their price objective on shares of Airbnb from $160.00 to $132.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, B. Riley cut their price objective on shares of Airbnb from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $135.93.

Airbnb Stock Performance

NASDAQ ABNB opened at $115.21 on Thursday. The firm’s fifty day moving average price is $133.23 and its two-hundred day moving average price is $147.51. The stock has a market cap of $73.92 billion, a PE ratio of 15.42, a PEG ratio of 1.55 and a beta of 1.18. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share 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 the consensus estimate of $2.74 billion. Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 EPS. On average, equities analysts expect that Airbnb, Inc. will post 4.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total transaction of $71,364.00. Following the sale, the chief technology officer now owns 198,244 shares of the company’s stock, valued at $23,579,141.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Brian Chesky sold 115,385 shares of Airbnb stock in a transaction on Monday, June 10th. The shares were sold at an average price of $147.25, for a total transaction of $16,990,441.25. Following the transaction, the chief executive officer now owns 14,145,072 shares in the company, valued at $2,082,861,852. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total transaction of $71,364.00. Following the transaction, the chief technology officer now owns 198,244 shares in the company, valued at approximately $23,579,141.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 612,907 shares of company stock valued at $91,473,471. 27.83% of the stock is currently owned by 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.