Vested Financial Planning LLC Boosts Stock Position in Airbnb, Inc. $ABNB

Vested Financial Planning LLC grew its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 15.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,496 shares of the company’s stock after buying an additional 325 shares during the quarter. Airbnb accounts for 0.3% of Vested Financial Planning LLC’s investment portfolio, making the stock its 23rd largest position. Vested Financial Planning LLC’s holdings in Airbnb were worth $330,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. 111 Capital increased its position in shares of Airbnb by 41.8% in the second quarter. 111 Capital now owns 21,963 shares of the company’s stock valued at $2,907,000 after buying an additional 6,472 shares in the last quarter. Intrinsic Value Partners LLC purchased a new stake in shares of Airbnb in the second quarter valued at approximately $362,000. HighMark Wealth Management LLC increased its position in shares of Airbnb by 137.6% in the second quarter. HighMark Wealth Management LLC now owns 1,188 shares of the company’s stock valued at $157,000 after buying an additional 688 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Airbnb by 8.9% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 149,547 shares of the company’s stock valued at $19,791,000 after buying an additional 12,214 shares in the last quarter. Finally, J. Safra Sarasin Holding AG purchased a new stake in shares of Airbnb in the second quarter valued at approximately $2,121,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on ABNB shares. Wedbush cut their price objective on Airbnb from $135.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Jefferies Financial Group dropped their price target on Airbnb from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Monday, August 11th. Barclays set a $105.00 price target on Airbnb and gave the stock an “underweight” rating in a research report on Thursday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Airbnb in a research report on Saturday, September 27th. Finally, Truist Financial dropped their price target on Airbnb from $106.00 to $104.00 and set a “sell” rating for the company in a research report on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nineteen have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $141.81.

Airbnb Stock Down 1.0%

Shares of NASDAQ:ABNB opened at $120.22 on Friday. The business has a fifty day moving average of $125.86 and a two-hundred day moving average of $127.57. The stock has a market cap of $74.71 billion, a P/E ratio of 29.11, a PEG ratio of 2.22 and a beta of 1.10. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.11. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 EPS. On average, equities analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $122.91, for a total value of $73,746.00. Following the completion of the sale, the chief technology officer directly owned 199,006 shares in the company, valued at $24,459,827.46. This represents a 0.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Elinor Mertz sold 4,630 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $128.42, for a total value of $594,584.60. Following the completion of the sale, the chief financial officer owned 444,070 shares of the company’s stock, valued at approximately $57,027,469.40. The trade was a 1.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,673,726 shares of company stock valued at $215,816,143 in the last quarter. Corporate insiders own 27.91% 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.