Airbnb, Inc. $ABNB Shares Acquired by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC boosted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 2.5% during the 2nd quarter, Holdings Channel reports. The fund owned 10,354 shares of the company’s stock after acquiring an additional 255 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Airbnb were worth $1,370,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Park Square Financial Group LLC acquired a new stake in Airbnb in the fourth quarter worth about $26,000. Stonebridge Financial Group LLC lifted its stake in shares of Airbnb by 75.7% in the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock worth $29,000 after acquiring an additional 106 shares during the period. Bartlett & CO. Wealth Management LLC boosted its holdings in shares of Airbnb by 209.6% in the first 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 in the last quarter. SouthState Corp increased its stake in shares of Airbnb by 216.1% during the first 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. Finally, BankPlus Trust Department bought a new stake in Airbnb during the first quarter worth approximately $43,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the topic of several research analyst reports. Truist Financial lowered their price target on Airbnb from $106.00 to $104.00 and set a “sell” rating on the stock in a research report on Wednesday, September 3rd. BMO Capital Markets set a $124.00 target price on Airbnb and gave the stock a “market perform” rating in a report on Thursday, August 7th. Morgan Stanley cut their price target on shares of Airbnb from $130.00 to $120.00 and set an “underweight” rating for the company in a report on Thursday, August 7th. Wedbush reduced their price objective on shares of Airbnb from $135.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Finally, Barclays set a $105.00 target price on shares of Airbnb and gave the stock an “underweight” rating in a report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nineteen have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $141.19.

Airbnb Trading Down 0.3%

ABNB stock opened at $123.08 on Thursday. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. The firm has a 50-day moving average of $128.36 and a two-hundred day moving average of $127.73. The firm has a market capitalization of $76.49 billion, a PE ratio of 29.80, a P/E/G ratio of 2.25 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $3.02 billion. During the same quarter in the previous year, the business earned $0.86 earnings per share. The firm’s revenue was up 12.7% compared to the same quarter last year. On average, equities research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Nathan Blecharczyk sold 2,246 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $125.20, for a total value of $281,199.20. Following the completion of the sale, the insider owned 182,514 shares of the company’s stock, valued at $22,850,752.80. This trade represents a 1.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Elinor Mertz sold 4,630 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $128.42, for a total value of $594,584.60. Following the completion of the sale, the chief financial officer directly owned 444,070 shares of the company’s stock, valued at approximately $57,027,469.40. This represents a 1.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,437,726 shares of company stock valued at $186,661,639. 27.91% of the stock is currently owned by company insiders.

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.