Airbnb, Inc. $ABNB Shares Acquired by Trajan Wealth LLC

Trajan Wealth LLC boosted its position in Airbnb, Inc. (NASDAQ:ABNB) by 4.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 92,898 shares of the company’s stock after buying an additional 3,944 shares during the period. Trajan Wealth LLC’s holdings in Airbnb were worth $11,280,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the company. Whipplewood Advisors LLC boosted its holdings in shares of Airbnb by 235.3% in the second quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock valued at $30,000 after acquiring an additional 160 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Airbnb in the third quarter valued at about $32,000. NewSquare Capital LLC boosted its holdings in Airbnb by 86.4% in the 2nd quarter. NewSquare Capital LLC now owns 287 shares of the company’s stock valued at $38,000 after purchasing an additional 133 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in Airbnb by 55.5% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 311 shares of the company’s stock worth $38,000 after purchasing an additional 111 shares during the period. Finally, Golden State Wealth Management LLC raised its stake in shares of Airbnb by 85.9% during the 2nd quarter. Golden State Wealth Management LLC now owns 370 shares of the company’s stock worth $49,000 after buying an additional 171 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. BTIG Research restated a “neutral” rating on shares of Airbnb in a research note on Friday, November 7th. Mizuho set a $156.00 target price on shares of Airbnb in a research report on Friday, November 7th. Citizens Jmp raised shares of Airbnb from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a research note on Wednesday, February 4th. Citigroup upgraded shares of Airbnb from a “neutral” rating to an “outperform” rating in a report on Wednesday, February 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Airbnb in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $148.69.

Airbnb Stock Up 1.7%

NASDAQ:ABNB opened at $127.89 on Monday. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $154.57. The stock has a fifty day simple moving average of $131.09 and a 200-day simple moving average of $125.92. The company has a market capitalization of $77.85 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 1.73 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, February 12th. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.10). The business had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The business’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.73 earnings per share. As a group, equities analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Transactions at Airbnb

In related news, Director Joseph Gebbia sold 58,000 shares of Airbnb stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $118.47, for a total transaction of $6,871,260.00. Following the completion of the transaction, the director directly owned 692,015 shares in the company, valued at $81,983,017.05. The trade was a 7.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Brian Chesky sold 51,230 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $131.16, for a total value of $6,719,326.80. Following the completion of the sale, the chief executive officer directly owned 45,854 shares in the company, valued at approximately $6,014,210.64. The trade was a 52.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 795,422 shares of company stock valued at $100,561,168 in the last ninety days. Corporate insiders own 27.83% of the company’s stock.

Airbnb Profile

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.