19,903 Shares in Airbnb, Inc. (NASDAQ:ABNB) Bought by Wealthspire Advisors LLC

Wealthspire Advisors LLC purchased a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 19,903 shares of the company’s stock, valued at approximately $3,018,000.

Other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. raised its holdings in shares of Airbnb by 17.3% in the 2nd quarter. Federated Hermes Inc. now owns 416,107 shares of the company’s stock worth $63,094,000 after acquiring an additional 61,238 shares during the last quarter. Meeder Advisory Services Inc. raised its stake in shares of Airbnb by 40.5% in the second quarter. Meeder Advisory Services Inc. now owns 8,106 shares of the company’s stock worth $1,229,000 after purchasing an additional 2,335 shares during the last quarter. Meeder Asset Management Inc. lifted its holdings in shares of Airbnb by 73.6% in the second quarter. Meeder Asset Management Inc. now owns 375 shares of the company’s stock valued at $57,000 after purchasing an additional 159 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of Airbnb by 3.7% during the second quarter. Oppenheimer & Co. Inc. now owns 30,474 shares of the company’s stock valued at $4,621,000 after buying an additional 1,099 shares during the last quarter. Finally, Thornburg Investment Management Inc. bought a new stake in Airbnb during the second quarter worth $1,322,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ABNB. Truist Financial cut their price objective on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a report on Wednesday, August 7th. TD Cowen decreased their price objective on shares of Airbnb from $170.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. B. Riley cut their target price on Airbnb from $150.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Finally, Argus downgraded Airbnb from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus target price of $133.45.

Airbnb Trading Up 0.3 %

Airbnb stock opened at $117.75 on Friday. 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, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The stock has a market cap of $75.84 billion, a P/E ratio of 15.76, a PEG ratio of 1.54 and a beta of 1.16. The firm’s fifty day moving average price is $128.14 and its 200-day moving average price is $145.79.

Airbnb (NASDAQ:ABNB) last announced 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 business had revenue of $2.75 billion during 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%. Airbnb’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 earnings per share. Equities research analysts forecast that Airbnb, Inc. will post 4.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Airbnb news, Director Joseph Gebbia sold 5,442 shares of Airbnb stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $150.00, for a total transaction of $816,300.00. Following the completion of the sale, the director now directly owns 42,087 shares in the company, valued at $6,313,050. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of $149.90, for a total transaction of $89,940.00. Following the transaction, the chief technology officer now directly owns 209,974 shares of the company’s stock, valued at approximately $31,475,102.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Joseph Gebbia sold 5,442 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $150.00, for a total value of $816,300.00. Following the completion of the sale, 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 three months, insiders have sold 449,932 shares of company stock worth $67,352,949. Insiders own 27.83% of the company’s stock.

About Airbnb

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.