VCI Wealth Management LLC Invests $995,000 in Airbnb, Inc. $ABNB

VCI Wealth Management LLC acquired a new stake in Airbnb, Inc. (NASDAQ:ABNB) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 8,194 shares of the company’s stock, valued at approximately $995,000.

Several other large investors have also recently added to or reduced their stakes in the business. CWM LLC boosted its position in Airbnb by 156.0% in the 3rd quarter. CWM LLC now owns 136,363 shares of the company’s stock valued at $16,557,000 after buying an additional 83,100 shares during the period. Canoe Financial LP raised its stake in shares of Airbnb by 34.2% in the third quarter. Canoe Financial LP now owns 4,866 shares of the company’s stock valued at $591,000 after acquiring an additional 1,239 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Airbnb by 3.1% in the third quarter. Pacer Advisors Inc. now owns 2,503,666 shares of the company’s stock valued at $303,995,000 after purchasing an additional 75,516 shares during the period. Brookstone Capital Management boosted its holdings in Airbnb by 4.0% in the third quarter. Brookstone Capital Management now owns 2,350 shares of the company’s stock valued at $285,000 after purchasing an additional 91 shares during the period. Finally, Symmetry Partners LLC acquired a new position in Airbnb during the 3rd quarter worth $203,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ABNB. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Airbnb in a research report on Wednesday, October 8th. KeyCorp assumed coverage on shares of Airbnb in a research note on Thursday, October 23rd. They set a “sector weight” rating on the stock. UBS Group lifted their price target on shares of Airbnb from $145.00 to $147.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. DA Davidson reiterated a “buy” rating and set a $155.00 price target on shares of Airbnb in a report on Friday, December 5th. Finally, Wells Fargo & Company increased their price objective on shares of Airbnb from $111.00 to $118.00 and gave the company an “underweight” rating in a research report on Monday, December 1st. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nineteen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $144.48.

Insider Transactions at Airbnb

In other news, insider Nathan Blecharczyk sold 36,370 shares of Airbnb stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $123.24, for a total transaction of $4,482,238.80. Following the sale, the insider owned 11,520 shares in the company, valued at approximately $1,419,724.80. The trade was a 75.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 2,565 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $134.79, for a total value of $345,736.35. Following the completion of the sale, the chief technology officer directly owned 165,086 shares of the company’s stock, valued at $22,251,941.94. The trade was a 1.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,754,606 shares of company stock valued at $214,342,160 over the last quarter. 27.91% of the stock is owned by corporate insiders.

Airbnb Stock Up 0.1%

Shares of ABNB opened at $136.61 on Friday. The company has a market capitalization of $84.09 billion, a price-to-earnings ratio of 32.45, a price-to-earnings-growth ratio of 2.41 and a beta of 1.11. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The stock has a 50 day moving average price of $124.51 and a 200 day moving average price of $127.59.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.08 billion. Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the previous year, the business posted $2.13 EPS. On average, equities analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

About Airbnb

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.