waypoint wealth counsel Has $269,000 Stake in Airbnb, Inc. $ABNB

waypoint wealth counsel lifted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 15.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,035 shares of the company’s stock after purchasing an additional 278 shares during the quarter. waypoint wealth counsel’s holdings in Airbnb were worth $269,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ABNB. Sit Investment Associates Inc. boosted its holdings in shares of Airbnb by 42.8% in the first quarter. Sit Investment Associates Inc. now owns 16,870 shares of the company’s stock valued at $2,015,000 after buying an additional 5,060 shares during the period. Vestmark Advisory Solutions Inc. boosted its stake in Airbnb by 74.8% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 20,514 shares of the company’s stock worth $2,451,000 after purchasing an additional 8,780 shares during the period. Plato Investment Management Ltd boosted its stake in Airbnb by 53.1% in the 1st quarter. Plato Investment Management Ltd now owns 18,974 shares of the company’s stock worth $2,291,000 after purchasing an additional 6,579 shares during the period. Acadian Asset Management LLC boosted its stake in Airbnb by 52.9% in the 1st quarter. Acadian Asset Management LLC now owns 2,457,837 shares of the company’s stock worth $293,590,000 after purchasing an additional 850,719 shares during the period. Finally, Ritholtz Wealth Management boosted its position in shares of Airbnb by 10.0% during the first quarter. Ritholtz Wealth Management now owns 5,328 shares of the company’s stock worth $636,000 after buying an additional 484 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Trading Down 1.6%

NASDAQ:ABNB opened at $118.19 on Friday. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93. The firm has a fifty day simple moving average of $124.34 and a 200 day simple moving average of $127.27. The stock has a market capitalization of $73.45 billion, a PE ratio of 28.62, a P/E/G ratio of 2.16 and a beta of 1.10.

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

Analysts Set New Price Targets

Several research firms have recently weighed in on ABNB. Citizens Jmp raised Airbnb to a “hold” rating in a research report on Monday, August 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Airbnb in a research report on Wednesday. Wedbush reduced their price target on Airbnb from $135.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Royal Bank Of Canada raised their target price on shares of Airbnb from $140.00 to $145.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. Finally, Zacks Research raised shares of Airbnb to a “hold” rating in a research report on Tuesday, August 12th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nineteen have given a Hold rating and five have issued a Sell rating to the company. According to MarketBeat, Airbnb presently has a consensus rating of “Hold” and a consensus target price of $141.81.

Insider Activity

In related news, CAO David C. Bernstein sold 5,000 shares of Airbnb stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $142.00, for a total transaction of $710,000.00. Following the completion of the sale, the chief accounting officer owned 42,619 shares of the company’s stock, valued at approximately $6,051,898. The trade was a 10.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nathan Blecharczyk sold 2,246 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $125.20, for a total transaction of $281,199.20. Following the completion of the transaction, the insider owned 182,514 shares in the company, valued at approximately $22,850,752.80. This trade represents a 1.22% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,430,876 shares of company stock valued at $182,694,292. 27.91% of the stock is owned by company insiders.

About Airbnb

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.