Copperwynd Financial LLC Buys 902 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Copperwynd Financial LLC boosted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 19.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,448 shares of the company’s stock after purchasing an additional 902 shares during the period. Copperwynd Financial LLC’s holdings in Airbnb were worth $760,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of ABNB. Focus Financial Network Inc. ADV bought a new position in Airbnb in the fourth quarter valued at $218,000. California State Teachers Retirement System raised its holdings in Airbnb by 4.5% during the fourth quarter. California State Teachers Retirement System now owns 689,770 shares of the company’s stock worth $93,905,000 after acquiring an additional 29,615 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its holdings in Airbnb by 72.2% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 4,044 shares of the company’s stock worth $551,000 after acquiring an additional 1,695 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Airbnb by 204.0% during the fourth quarter. Jones Financial Companies Lllp now owns 526 shares of the company’s stock valued at $72,000 after purchasing an additional 353 shares during the last quarter. Finally, NEOS Investment Management LLC grew its stake in Airbnb by 44.1% in the fourth quarter. NEOS Investment Management LLC now owns 20,462 shares of the company’s stock valued at $2,786,000 after purchasing an additional 6,260 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Morgan Stanley increased their price objective on Airbnb from $120.00 to $130.00 and gave the company an “underweight” rating in a report on Tuesday, July 23rd. Wedbush cut their price target on shares of Airbnb from $165.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. BMO Capital Markets lowered their price objective on shares of Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. Mizuho cut their target price on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, September 13th. Finally, Bank of America reduced their price target on Airbnb from $160.00 to $132.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus target price of $134.16.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $152.92, for a total transaction of $91,752.00. Following the sale, the chief technology officer now directly owns 208,174 shares of the company’s stock, valued at approximately $31,833,968.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $152.92, for a total value of $91,752.00. Following the completion of the transaction, the chief technology officer now owns 208,174 shares of the company’s stock, valued at approximately $31,833,968.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $750,000.00. Following the sale, the chief financial officer now directly owns 537,072 shares in the company, valued at $64,448,640. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 552,989 shares of company stock valued at $75,824,030. 27.83% of the stock is currently owned by insiders.

Airbnb Trading Down 0.8 %

Shares of Airbnb stock opened at $128.25 on Friday. The firm’s 50-day moving average price is $123.75 and its two-hundred day moving average price is $143.42. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $82.60 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.72 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last released its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share 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 business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the previous year, the company earned $0.98 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, analysts forecast that Airbnb, Inc. will post 4.39 earnings per share 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.