Whipplewood Advisors LLC Acquires 160 Shares of Airbnb, Inc. $ABNB

Whipplewood Advisors LLC increased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 235.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 228 shares of the company’s stock after purchasing an additional 160 shares during the period. Whipplewood Advisors LLC’s holdings in Airbnb were worth $30,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Kentucky Trust Co acquired a new stake in Airbnb in the 2nd quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its position in Airbnb by 70.9% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after buying an additional 83 shares during the last quarter. Concord Wealth Partners acquired a new stake in Airbnb in the 2nd quarter valued at approximately $28,000. Stonebridge Financial Group LLC raised its position 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 buying an additional 106 shares during the last quarter. Finally, Armstrong Advisory Group Inc. raised its position 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 buying an additional 200 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Trading Up 0.8%

Shares of NASDAQ ABNB opened at $129.07 on Tuesday. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The stock has a 50 day moving average of $124.55 and a 200-day moving average of $128.10. The company has a market capitalization of $80.21 billion, a P/E ratio of 31.25, a P/E/G ratio of 2.33 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Wednesday, August 6th. The company reported $1.03 EPS 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 company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the company posted $0.86 EPS. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. Analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Elinor Mertz sold 4,630 shares of Airbnb stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $128.42, for a total transaction of $594,584.60. Following the completion of the transaction, the chief financial officer directly owned 444,070 shares in the company, valued at approximately $57,027,469.40. The trade was a 1.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $125.36, for a total value of $29,584,960.00. Following the transaction, the director owned 15 shares of the company’s stock, valued at $1,880.40. This represents a 99.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,426,476 shares of company stock valued at $177,413,500. 27.83% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of recent research reports. JPMorgan Chase & Co. lifted their target price on Airbnb from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Airbnb in a research report on Wednesday, October 8th. Barclays set a $105.00 price target on Airbnb and gave the stock an “underweight” rating in a research report on Thursday, August 7th. Jefferies Financial Group lowered their price target on Airbnb from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Monday, August 11th. Finally, Mizuho initiated coverage on Airbnb in a research report on Monday, September 29th. They set an “outperform” rating and a $151.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $141.70.

Airbnb Company 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.