Alliance Wealth Advisors LLC UT Has $1.08 Million Holdings in Airbnb, Inc. $ABNB

Alliance Wealth Advisors LLC UT decreased its position in Airbnb, Inc. (NASDAQ:ABNB) by 49.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 8,870 shares of the company’s stock after selling 8,707 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Airbnb were worth $1,077,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC grew its holdings in shares of Airbnb by 235.3% during the second quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock valued at $30,000 after buying an additional 160 shares in the last quarter. Root Financial Partners LLC purchased a new stake in Airbnb in the 3rd quarter worth about $32,000. NewSquare Capital LLC boosted its position in Airbnb by 86.4% during the 2nd quarter. NewSquare Capital LLC now owns 287 shares of the company’s stock worth $38,000 after acquiring an additional 133 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its stake 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 valued at $38,000 after acquiring an additional 111 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its holdings in shares of Airbnb by 85.9% in the 2nd quarter. Golden State Wealth Management LLC now owns 370 shares of the company’s stock valued at $49,000 after purchasing an additional 171 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ABNB has been the subject of several research reports. Truist Financial raised their price target on shares of Airbnb from $104.00 to $107.00 and gave the stock a “sell” rating in a report on Thursday, December 4th. BMO Capital Markets increased their target price on shares of Airbnb from $130.00 to $140.00 and gave the stock a “market perform” rating in a research report on Friday, February 13th. Jefferies Financial Group lifted their target price on shares of Airbnb from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Sanford C. Bernstein dropped their price target on shares of Airbnb from $165.00 to $162.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 6th. Finally, TD Cowen lifted their price objective on Airbnb from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and a consensus target price of $148.69.

Airbnb Price Performance

NASDAQ ABNB opened at $127.89 on Friday. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $154.57. The stock’s 50-day moving average is $131.09 and its two-hundred day moving average is $125.96. The firm has a market cap of $78.72 billion, a P/E ratio of 31.66, a price-to-earnings-growth ratio of 1.73 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period in the prior year, the company posted $0.73 EPS. The business’s revenue was up 12.9% on a year-over-year basis. On average, equities analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 232,000 shares of Airbnb stock in a transaction that occurred on Monday, November 24th. The shares were sold at an average price of $114.22, for a total value of $26,499,040.00. Following the transaction, the director owned 15 shares of the company’s stock, valued at $1,713.30. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nathan Blecharczyk sold 141,063 shares of the company’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $121.96, for a total transaction of $17,204,043.48. Following the sale, the insider directly owned 11,520 shares of the company’s stock, valued at approximately $1,404,979.20. This represents a 92.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,027,422 shares of company stock worth $127,060,208 over the last 90 days. 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.