TriaGen Wealth Management LLC Purchases 907 Shares of Airbnb, Inc. $ABNB

TriaGen Wealth Management LLC increased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 5.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,503 shares of the company’s stock after buying an additional 907 shares during the quarter. TriaGen Wealth Management LLC’s holdings in Airbnb were worth $2,316,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Kentucky Trust Co acquired a new stake in shares of Airbnb during the second quarter worth about $25,000. Stonebridge Financial Group LLC increased its stake in Airbnb by 75.7% during the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock worth $29,000 after purchasing an additional 106 shares in the last quarter. Bartlett & CO. Wealth Management LLC raised its holdings in Airbnb by 209.6% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company’s stock worth $31,000 after buying an additional 174 shares during the period. Armstrong Advisory Group Inc. raised its holdings in Airbnb by 363.6% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock worth $34,000 after buying an additional 200 shares during the period. Finally, SouthState Corp lifted its stake in Airbnb by 216.1% in the first quarter. SouthState Corp now owns 294 shares of the company’s stock valued at $35,000 after buying an additional 201 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Airbnb

In other news, CFO Elinor Mertz sold 4,630 shares of Airbnb stock in a transaction dated 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 transaction, the chief financial officer owned 444,070 shares of the company’s stock, valued at $57,027,469.40. This trade represents a 1.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Joseph Gebbia sold 236,000 shares of the business’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $138.83, for a total transaction of $32,763,880.00. Following the transaction, the director owned 472,015 shares in the company, valued at $65,529,842.45. This represents a 33.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,431,476 shares of company stock valued at $182,776,618 in the last 90 days. Company insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

ABNB opened at $120.35 on Tuesday. The business’s 50-day simple moving average is $125.42 and its 200 day simple moving average is $127.53. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The firm has a market capitalization of $74.79 billion, a PE ratio of 29.14, a PEG ratio of 2.19 and a beta of 1.10.

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

Analysts Set New Price Targets

ABNB has been the subject of several research reports. Royal Bank Of Canada increased their price objective on shares of Airbnb from $140.00 to $145.00 and gave the stock 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 note on Wednesday, July 16th. Jefferies Financial Group dropped their price target on Airbnb from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Monday, August 11th. Mizuho initiated coverage on Airbnb in a research report on Monday, September 29th. They set an “outperform” rating and a $151.00 price objective for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Airbnb in a report on Saturday, September 27th. 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 issued a Sell rating to the company. According to MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and a consensus target price of $141.81.

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.