Wealth Enhancement Advisory Services LLC Buys 12,677 Shares of Airbnb, Inc. $ABNB

Wealth Enhancement Advisory Services LLC increased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 19.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 78,944 shares of the company’s stock after purchasing an additional 12,677 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Airbnb were worth $9,461,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. DDD Partners LLC grew its stake in Airbnb by 3.9% during the second quarter. DDD Partners LLC now owns 2,041 shares of the company’s stock worth $270,000 after buying an additional 76 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Airbnb by 70.9% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after acquiring an additional 83 shares in the last quarter. SBI Securities Co. Ltd. boosted its position in shares of Airbnb by 0.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 10,552 shares of the company’s stock worth $1,396,000 after acquiring an additional 85 shares in the last quarter. Brookstone Capital Management increased its stake 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 acquiring an additional 91 shares during the last quarter. Finally, IFP Advisors Inc raised its position in Airbnb by 4.3% during the second quarter. IFP Advisors Inc now owns 2,398 shares of the company’s stock valued at $317,000 after purchasing an additional 99 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Trading Down 1.2%

NASDAQ:ABNB opened at $132.15 on Friday. The stock’s 50-day moving average is $128.86 and its 200-day moving average is $127.65. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93. The stock has a market cap of $81.34 billion, a P/E ratio of 31.39, a price-to-earnings-growth ratio of 2.07 and a beta of 1.09.

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

Analysts Set New Price Targets

A number of brokerages have weighed in on ABNB. BTIG Research reaffirmed a “neutral” rating on shares of Airbnb in a report on Friday, November 7th. Truist Financial raised their price objective on Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a research note on Thursday, December 4th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Airbnb in a research report on Wednesday, January 14th. Barclays set a $120.00 target price on shares of Airbnb and gave the stock an “equal weight” rating in a report on Friday, January 9th. Finally, Morgan Stanley lifted their price target on shares of Airbnb from $120.00 to $130.00 and gave the company an “underweight” rating in a report on Tuesday, January 13th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $147.84.

Insider Activity

In related news, Director Joseph Gebbia sold 236,000 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was sold at an average price of $120.66, for a total transaction of $28,475,760.00. Following the completion of the transaction, the director directly owned 232,015 shares of the company’s stock, valued at $27,994,929.90. This trade represents a 50.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Chesky sold 51,230 shares of Airbnb stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $131.16, for a total value of $6,719,326.80. Following the transaction, the chief executive officer directly owned 45,854 shares in the company, valued at $6,014,210.64. The trade was a 52.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,388,372 shares of company stock valued at $171,733,558. Insiders own 27.91% 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.