Pure Portfolios Holdings LLC Sells 533 Shares of Airbnb, Inc. $ABNB

Pure Portfolios Holdings LLC lessened its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 22.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,808 shares of the company’s stock after selling 533 shares during the period. Pure Portfolios Holdings LLC’s holdings in Airbnb were worth $239,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ABNB. Kentucky Trust Co bought a new position in shares of Airbnb in the second quarter valued at about $25,000. Stonebridge Financial Group LLC raised its holdings in Airbnb by 75.7% in the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock valued at $29,000 after acquiring an additional 106 shares during the period. Armstrong Advisory Group Inc. raised its holdings in Airbnb by 363.6% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock valued at $34,000 after acquiring an additional 200 shares during the period. Bartlett & CO. Wealth Management LLC raised its holdings in Airbnb by 209.6% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company’s stock valued at $31,000 after acquiring an additional 174 shares during the period. Finally, SouthState Corp raised its holdings in Airbnb by 216.1% in the 1st quarter. SouthState Corp now owns 294 shares of the company’s stock valued at $35,000 after acquiring an additional 201 shares during the period. Institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In related news, insider Nathan Blecharczyk sold 2,246 shares of the business’s stock in a transaction on 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 $22,850,752.80. The trade was a 1.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Joseph Gebbia sold 236,000 shares of the business’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $123.57, for a total transaction of $29,162,520.00. Following the completion of the sale, the director directly owned 940,015 shares in the company, valued at approximately $116,157,653.55. This represents a 20.07% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,431,476 shares of company stock valued at $182,776,618. 27.83% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ABNB. Barclays set a $105.00 target price on Airbnb and gave the stock an “underweight” rating in a research note on Thursday, August 7th. Weiss Ratings restated a “hold (c)” rating on shares of Airbnb in a research report on Saturday, September 27th. JPMorgan Chase & Co. raised their target price on shares of Airbnb from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Wedbush decreased their price objective on shares of Airbnb from $135.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. Finally, Jefferies Financial Group decreased their price objective on shares of Airbnb from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Monday, August 11th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nineteen have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $141.81.

Airbnb Stock Performance

NASDAQ ABNB opened at $119.85 on Wednesday. The firm’s fifty day moving average price is $125.08 and its two-hundred day moving average price is $127.47. The stock has a market cap of $74.48 billion, a PE ratio of 29.02, a PEG ratio of 2.20 and a beta of 1.10. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week 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, topping analysts’ consensus estimates of $0.92 by $0.11. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.Airbnb’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

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.