5,111 Shares in Airbnb, Inc. $ABNB Purchased by Crux Wealth Advisors

Crux Wealth Advisors acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,111 shares of the company’s stock, valued at approximately $676,000.

Several other hedge funds have also added to or reduced their stakes in ABNB. GAMMA Investing LLC grew its position in shares of Airbnb by 98.9% during the 1st quarter. GAMMA Investing LLC now owns 5,115 shares of the company’s stock valued at $611,000 after acquiring an additional 2,543 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in Airbnb by 39.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 73,246 shares of the company’s stock valued at $8,750,000 after purchasing an additional 20,753 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in Airbnb by 0.4% during the first quarter. Janney Montgomery Scott LLC now owns 51,192 shares of the company’s stock valued at $6,115,000 after purchasing an additional 228 shares during the period. Canoe Financial LP bought a new position in Airbnb during the first quarter valued at $94,000. Finally, World Equity Group Inc. increased its position in Airbnb by 115.5% in the first quarter. World Equity Group Inc. now owns 3,670 shares of the company’s stock worth $438,000 after buying an additional 1,967 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ABNB. Morgan Stanley dropped their price target on Airbnb from $130.00 to $120.00 and set an “underweight” rating on the stock in a research report on Thursday, August 7th. Truist Financial dropped their price objective on shares of Airbnb from $106.00 to $104.00 and set a “sell” rating on the stock in a report on Wednesday, September 3rd. 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. Zacks Research upgraded shares of Airbnb to a “hold” rating in a research note on Tuesday, August 12th. Finally, BTIG Research reiterated a “neutral” rating on shares of Airbnb in a research note on Tuesday, October 7th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nineteen have issued a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $141.81.

Airbnb Trading Up 2.5%

Shares of NASDAQ:ABNB opened at $125.91 on Friday. The company has a 50 day moving average of $123.99 and a 200 day moving average of $127.30. The stock has a market cap of $78.25 billion, a P/E ratio of 30.49, a P/E/G ratio of 2.30 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 posted its earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the company posted $0.86 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. 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 firm’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $119.22, for a total value of $28,135,920.00. Following the sale, the director owned 704,015 shares of the company’s stock, valued at $83,932,668.30. This trade represents a 25.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nathan Blecharczyk sold 2,246 shares of Airbnb stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $125.20, for a total value of $281,199.20. Following the sale, the insider owned 182,514 shares of the company’s stock, valued at approximately $22,850,752.80. This trade represents a 1.22% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,666,876 shares of company stock worth $210,819,940 over the last three months. Corporate insiders own 27.91% of the company’s stock.

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.