Wilmington Savings Fund Society FSB Buys 334 Shares of Airbnb, Inc. $ABNB

Wilmington Savings Fund Society FSB raised its stake in Airbnb, Inc. (NASDAQ:ABNB) by 6.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,321 shares of the company’s stock after purchasing an additional 334 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Airbnb were worth $704,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. RFG Advisory LLC increased its stake in Airbnb by 5.3% in the second quarter. RFG Advisory LLC now owns 9,522 shares of the company’s stock valued at $1,260,000 after purchasing an additional 479 shares in the last quarter. Axxcess Wealth Management LLC increased its stake in Airbnb by 12.1% in the second quarter. Axxcess Wealth Management LLC now owns 24,054 shares of the company’s stock valued at $3,183,000 after purchasing an additional 2,603 shares in the last quarter. NorthRock Partners LLC increased its stake in Airbnb by 4.9% in the second quarter. NorthRock Partners LLC now owns 27,230 shares of the company’s stock valued at $3,604,000 after purchasing an additional 1,263 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings in shares of Airbnb by 1.3% during the second quarter. Verdence Capital Advisors LLC now owns 8,460 shares of the company’s stock valued at $1,120,000 after buying an additional 106 shares during the last quarter. Finally, Cascade Investment Advisors Inc. grew its holdings in shares of Airbnb by 2.4% during the second quarter. Cascade Investment Advisors Inc. now owns 12,215 shares of the company’s stock valued at $1,617,000 after buying an additional 290 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 236,000 shares of the business’s stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $119.22, for a total value of $28,135,920.00. Following the sale, the director owned 704,015 shares of the company’s stock, valued at $83,932,668.30. The trade was a 25.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Elinor Mertz sold 4,630 shares of the business’s stock in a transaction that occurred 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 directly owned 444,070 shares in the company, valued at approximately $57,027,469.40. This trade represents a 1.03% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,666,876 shares of company stock worth $210,819,940. 27.91% of the stock is currently owned by company insiders.

Airbnb Stock Down 1.1%

NASDAQ ABNB opened at $122.89 on Friday. The company’s 50 day moving average is $123.89 and its 200-day moving average is $127.24. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The firm has a market cap of $76.37 billion, a P/E ratio of 29.76, a price-to-earnings-growth ratio of 2.27 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the previous year, the firm posted $0.86 earnings per share. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. Equities analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Morgan Stanley reduced their price objective on shares of Airbnb from $130.00 to $120.00 and set an “underweight” rating for the company in a report on Thursday, August 7th. JPMorgan Chase & Co. lifted their price objective on shares of Airbnb from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Citizens Jmp upgraded shares of Airbnb to a “hold” rating in a report on Monday, August 11th. Zacks Research upgraded shares of Airbnb to a “hold” rating in a report on Tuesday, August 12th. Finally, BMO Capital Markets set a $124.00 price objective on shares of Airbnb and gave the company a “market perform” rating in a report on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nineteen have issued a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $141.81.

Airbnb 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.