Wealth Enhancement Advisory Services LLC Increases Stake in Airbnb, Inc. (NASDAQ:ABNB)

Wealth Enhancement Advisory Services LLC boosted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 20.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 28,770 shares of the company’s stock after purchasing an additional 4,864 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Airbnb were worth $3,648,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new position in Airbnb during the 1st quarter valued at about $25,000. Northwest Investment Counselors LLC bought a new position in Airbnb during the 3rd quarter valued at about $25,000. New Millennium Group LLC bought a new position in Airbnb during the 2nd quarter valued at about $28,000. Cultivar Capital Inc. bought a new position in Airbnb during the 2nd quarter valued at about $30,000. Finally, Heritage Wealth Advisors lifted its stake in Airbnb by 55.0% during the 1st quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock valued at $33,000 after acquiring an additional 71 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ABNB shares. Raymond James initiated coverage on shares of Airbnb in a research note on Friday, September 27th. They set a “market perform” rating and a $134.00 target price on the stock. Susquehanna lowered their price objective on shares of Airbnb from $180.00 to $130.00 and set a “positive” rating on the stock in a research note on Wednesday, August 7th. Wells Fargo & Company increased their price objective on shares of Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 8th. UBS Group increased their price objective on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, B. Riley lowered their price objective on shares of Airbnb from $150.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Five research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $135.35.

Insider Activity at Airbnb

In related news, Director Joseph Gebbia sold 11,635 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total value of $1,596,322.00. Following the completion of the transaction, the director now directly owns 16,472 shares of the company’s stock, valued at approximately $2,259,958.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Joseph Gebbia sold 11,635 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total value of $1,596,322.00. Following the completion of the transaction, the director now directly owns 16,472 shares of the company’s stock, valued at approximately $2,259,958.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 230,769 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the completion of the transaction, the chief executive officer now directly owns 13,315,912 shares of the company’s stock, valued at approximately $1,597,909,440. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 418,406 shares of company stock valued at $51,885,773. 27.83% of the stock is owned by corporate insiders.

Airbnb Trading Up 1.2 %

Shares of ABNB opened at $136.46 on Friday. The company has a 50 day simple moving average of $126.86 and a two-hundred day simple moving average of $138.34. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market cap of $87.56 billion, a P/E ratio of 18.57, a price-to-earnings-growth ratio of 1.93 and a beta of 1.17.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same period last year, the business posted $0.98 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, equities analysts expect that Airbnb, Inc. will post 4.17 earnings per share for the current fiscal year.

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.