1,715 Shares in Airbnb, Inc. $ABNB Bought by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 1,715 shares of the company’s stock, valued at approximately $227,000.

Several other large investors have also recently added to or reduced their stakes in ABNB. GAMMA Investing LLC lifted its position in shares of Airbnb by 98.9% in the 1st quarter. GAMMA Investing LLC now owns 5,115 shares of the company’s stock worth $611,000 after buying an additional 2,543 shares during the last quarter. Oppenheimer & Co. Inc. lifted its holdings in Airbnb by 2.1% in the first quarter. Oppenheimer & Co. Inc. now owns 31,231 shares of the company’s stock worth $3,731,000 after acquiring an additional 642 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in Airbnb by 2.4% in the first quarter. Asset Management One Co. Ltd. now owns 201,754 shares of the company’s stock worth $24,102,000 after acquiring an additional 4,728 shares during the last quarter. Legacy Advisors LLC lifted its holdings in Airbnb by 21.6% in the first quarter. Legacy Advisors LLC now owns 1,975 shares of the company’s stock worth $236,000 after acquiring an additional 351 shares during the last quarter. Finally, Lecap Asset Management Ltd. bought a new position in Airbnb in the first quarter worth about $698,000. 80.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on ABNB. Royal Bank Of Canada raised their price target on Airbnb from $140.00 to $145.00 and gave the stock a “sector perform” rating in a report on Thursday, August 7th. Citizens Jmp upgraded Airbnb to a “hold” rating in a research note on Monday, August 11th. Wells Fargo & Company set a $110.00 target price on Airbnb and gave the company an “underweight” rating in a research note on Thursday, August 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Airbnb in a research note on Wednesday, October 8th. Finally, Wedbush cut their target price on Airbnb from $135.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $141.81.

Airbnb Price Performance

Shares of Airbnb stock opened at $127.35 on Friday. The business’s fifty day moving average price is $124.42 and its two-hundred day moving average price is $127.69. The company has a market capitalization of $79.14 billion, a P/E ratio of 30.84, a PEG ratio of 2.32 and a beta of 1.10. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93.

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

Insiders Place Their Bets

In other news, CFO Elinor Mertz sold 4,630 shares of the company’s stock in a transaction that occurred 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 directly owned 444,070 shares of the company’s stock, valued at approximately $57,027,469.40. This represents a 1.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $124.26, for a total value of $74,556.00. Following the completion of the sale, the chief technology officer owned 197,206 shares of the company’s stock, valued at $24,504,817.56. This trade represents a 0.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,425,876 shares of company stock worth $177,336,982. 27.91% of the stock is owned by corporate insiders.

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.