Ameritas Advisory Services LLC Sells 1,915 Shares of Airbnb, Inc. $ABNB

Ameritas Advisory Services LLC decreased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 59.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,295 shares of the company’s stock after selling 1,915 shares during the period. Ameritas Advisory Services LLC’s holdings in Airbnb were worth $171,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in ABNB. Park Avenue Securities LLC raised its position in Airbnb by 4.0% in the first quarter. Park Avenue Securities LLC now owns 19,445 shares of the company’s stock worth $2,323,000 after acquiring an additional 750 shares during the period. Farther Finance Advisors LLC raised its position in Airbnb by 5.3% in the first quarter. Farther Finance Advisors LLC now owns 3,748 shares of the company’s stock worth $454,000 after acquiring an additional 189 shares during the period. Wealthcare Advisory Partners LLC raised its position in Airbnb by 25.7% in the first quarter. Wealthcare Advisory Partners LLC now owns 8,580 shares of the company’s stock worth $1,025,000 after acquiring an additional 1,753 shares during the period. GAMMA Investing LLC raised its position in Airbnb by 98.9% in the first quarter. GAMMA Investing LLC now owns 5,115 shares of the company’s stock worth $611,000 after acquiring an additional 2,543 shares during the period. Finally, Integrated Advisors Network LLC raised its position in Airbnb by 8.1% in the first quarter. Integrated Advisors Network LLC now owns 2,387 shares of the company’s stock worth $285,000 after acquiring an additional 179 shares during the period. Institutional investors own 80.76% of the company’s stock.

Airbnb Trading Up 0.1%

Shares of NASDAQ:ABNB opened at $119.99 on Thursday. The company has a 50 day moving average of $124.78 and a 200 day moving average of $127.42. The stock has a market cap of $74.57 billion, a P/E ratio of 29.05, a P/E/G ratio of 2.19 and a beta of 1.10. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $1.03 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 net margin of 22.67% and a return on equity of 32.19%. Airbnb’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.86 earnings per share. On average, equities analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of the business’s stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $138.83, for a total value of $32,763,880.00. Following the completion of the transaction, the director owned 472,015 shares of the company’s stock, valued at $65,529,842.45. The trade was a 33.33% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO David C. Bernstein sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $142.00, for a total transaction of $710,000.00. Following the completion of the transaction, the chief accounting officer directly owned 42,619 shares of the company’s stock, valued at approximately $6,051,898. This represents a 10.50% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,430,876 shares of company stock worth $182,694,292. 27.91% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ABNB shares. Wells Fargo & Company set a $110.00 target price on shares of Airbnb and gave the stock an “underweight” rating in a research note on Thursday, August 7th. Royal Bank Of Canada boosted their price target on shares of Airbnb from $140.00 to $145.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. BNP Paribas raised shares of Airbnb to a “hold” rating in a research report on Wednesday, July 16th. Morgan Stanley lowered their price target on shares of Airbnb from $130.00 to $120.00 and set an “underweight” rating on the stock in a research report on Thursday, August 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Airbnb in a research report on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nineteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $141.81.

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.