ARQ Wealth Advisors LLC Has $1.11 Million Holdings in Airbnb, Inc. $ABNB

ARQ Wealth Advisors LLC boosted its holdings in Airbnb, Inc. (NASDAQ:ABNBFree Report) by 364.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,807 shares of the company’s stock after acquiring an additional 6,912 shares during the quarter. ARQ Wealth Advisors LLC’s holdings in Airbnb were worth $1,112,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ORG Partners LLC lifted its holdings in shares of Airbnb by 97.0% in the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after purchasing an additional 96 shares in the last quarter. Transamerica Financial Advisors LLC raised its stake in shares of Airbnb by 143.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after purchasing an additional 112 shares during the period. Entrust Financial LLC bought a new stake in shares of Airbnb during the 4th quarter worth $27,000. Sunbelt Securities Inc. boosted its holdings in shares of Airbnb by 397.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after buying an additional 175 shares during the last quarter. Finally, Wiser Advisor Group LLC purchased a new position in shares of Airbnb in the 3rd quarter worth about $27,000. 80.76% of the stock is owned by institutional investors.

More Airbnb News

Here are the key news stories impacting Airbnb this week:

Insider Activity

In related news, insider Nathan Blecharczyk sold 88,366 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $145.81, for a total transaction of $12,884,646.46. Following the completion of the transaction, the insider owned 12,370 shares of the company’s stock, valued at approximately $1,803,669.70. The trade was a 87.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Chesky sold 265,746 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $132.22, for a total transaction of $35,136,936.12. Following the sale, the chief executive officer directly owned 11,206,389 shares in the company, valued at $1,481,708,753.58. This trade represents a 2.32% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 2,325,429 shares of company stock worth $321,925,435. 27.21% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ABNB has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price objective on shares of Airbnb from $178.00 to $181.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. HC Wainwright raised shares of Airbnb to a “buy” rating in a research report on Monday, May 4th. Benchmark raised their price target on shares of Airbnb from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Oppenheimer upgraded Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 price target for the company in a research note on Monday, May 4th. Finally, CICC Research assumed coverage on Airbnb in a report on Friday, June 5th. They issued an “outperform” rating and a $165.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.36.

Read Our Latest Research Report on ABNB

Airbnb Stock Performance

Shares of NASDAQ:ABNB traded up $1.73 during midday trading on Friday, reaching $148.62. 2,635,765 shares of the company traded hands, compared to its average volume of 3,454,486. The firm’s fifty day moving average price is $138.47 and its two-hundred day moving average price is $134.06. The firm has a market capitalization of $89.57 billion, a price-to-earnings ratio of 36.61, a price-to-earnings-growth ratio of 1.59 and a beta of 1.14. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $150.19.

Airbnb (NASDAQ:ABNBGet Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the previous year, the firm earned $0.24 EPS. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. On average, equities analysts expect that Airbnb, Inc. will post 4.91 earnings per share for the current year.

Airbnb Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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