Airbnb, Inc. $ABNB Shares Purchased by SWS Partners

SWS Partners boosted its position in Airbnb, Inc. (NASDAQ:ABNB) by 3.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,004 shares of the company’s stock after purchasing an additional 451 shares during the period. SWS Partners’ holdings in Airbnb were worth $1,853,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Geneos Wealth Management Inc. lifted its position in shares of Airbnb by 1.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company’s stock valued at $604,000 after acquiring an additional 78 shares during the last quarter. Harbour Investments Inc. lifted its position in shares of Airbnb by 12.2% during the 1st quarter. Harbour Investments Inc. now owns 738 shares of the company’s stock valued at $88,000 after acquiring an additional 80 shares during the last quarter. Koshinski Asset Management Inc. lifted its position in shares of Airbnb by 4.4% during the 1st quarter. Koshinski Asset Management Inc. now owns 1,984 shares of the company’s stock valued at $237,000 after acquiring an additional 83 shares during the last quarter. Rakuten Securities Inc. lifted its position in shares of Airbnb by 31.6% during the 1st quarter. Rakuten Securities Inc. now owns 379 shares of the company’s stock valued at $45,000 after acquiring an additional 91 shares during the last quarter. Finally, Trivium Point Advisory LLC lifted its position in shares of Airbnb by 3.0% during the 1st quarter. Trivium Point Advisory LLC now owns 3,408 shares of the company’s stock valued at $407,000 after acquiring an additional 99 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Up 1.6%

Shares of NASDAQ:ABNB opened at $123.70 on Monday. The firm has a fifty day moving average of $127.69 and a two-hundred day moving average of $127.71. The firm has a market capitalization of $76.87 billion, a P/E ratio of 29.95, a price-to-earnings-growth ratio of 2.26 and a beta of 1.13. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.11. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.02 billion. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the business posted $0.86 EPS. Equities research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insider Activity at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 4,630 shares of Airbnb stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $128.42, for a total transaction of $594,584.60. Following the completion of the sale, the chief financial officer owned 444,070 shares of the company’s stock, valued at $57,027,469.40. This trade represents a 1.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO David C. Bernstein sold 5,000 shares of Airbnb stock in a transaction on Thursday, July 24th. The shares were sold at an average price of $142.00, for a total transaction of $710,000.00. Following the sale, the chief accounting officer directly owned 42,619 shares of the company’s stock, valued at $6,051,898. This trade represents a 10.50% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,437,726 shares of company stock worth $186,661,639. 27.83% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ABNB shares. JPMorgan Chase & Co. increased their price objective on Airbnb from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. BNP Paribas raised shares of Airbnb to a “hold” rating in a research note on Wednesday, July 16th. Wells Fargo & Company set a $110.00 price objective on shares of Airbnb and gave the stock an “underweight” rating in a research note on Thursday, August 7th. UBS Group decreased their price objective on shares of Airbnb from $156.00 to $148.00 and set a “neutral” rating for the company in a research note on Thursday, August 7th. Finally, Royal Bank Of Canada raised their price objective on shares of Airbnb from $140.00 to $145.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eighteen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $141.46.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.