Airbnb, Inc. $ABNB Stock Position Raised by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC lifted its position in Airbnb, Inc. (NASDAQ:ABNB) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,444 shares of the company’s stock after acquiring an additional 340 shares during the quarter. Stratos Wealth Advisors LLC’s holdings in Airbnb were worth $2,441,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ABNB. Harris Associates L P lifted its position in Airbnb by 86.0% in the 1st quarter. Harris Associates L P now owns 9,944,948 shares of the company’s stock worth $1,188,024,000 after buying an additional 4,598,125 shares in the last quarter. Pacer Advisors Inc. lifted its position in Airbnb by 2,297.4% in the 1st quarter. Pacer Advisors Inc. now owns 2,801,899 shares of the company’s stock worth $334,715,000 after buying an additional 2,685,026 shares in the last quarter. AQR Capital Management LLC lifted its position in Airbnb by 81.0% in the 1st quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock worth $500,755,000 after buying an additional 1,916,676 shares in the last quarter. Principal Financial Group Inc. lifted its position in Airbnb by 74.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,255,682 shares of the company’s stock worth $388,924,000 after buying an additional 1,389,251 shares in the last quarter. Finally, McElhenny Sheffield Capital Management LLC purchased a new stake in Airbnb in the 2nd quarter worth approximately $170,189,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ABNB shares. Royal Bank Of Canada increased their target price on shares of Airbnb from $140.00 to $145.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. BTIG Research reiterated a “neutral” rating on shares of Airbnb in a research report on Tuesday, October 7th. Zacks Research upgraded shares of Airbnb to a “hold” rating in a research report on Tuesday, August 12th. BMO Capital Markets set a $124.00 price target on shares of Airbnb and gave the stock a “market perform” rating in a research note on Thursday, August 7th. Finally, Mizuho assumed coverage on shares of Airbnb in a report on Monday, September 29th. They set an “outperform” rating and a $151.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nineteen have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, Airbnb has an average rating of “Hold” and a consensus price target of $141.81.

Insider Activity

In related news, 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 value of $710,000.00. Following the transaction, the chief accounting officer owned 42,619 shares in the company, valued at $6,051,898. This trade represents a 10.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction on Monday, September 15th. The stock was sold at an average price of $120.76, for a total transaction of $28,499,360.00. Following the completion of the transaction, the director owned 1,176,015 shares in the company, valued at $142,015,571.40. This trade represents a 16.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,666,876 shares of company stock worth $210,819,940. Insiders own 27.91% of the company’s stock.

Airbnb Trading Up 2.5%

Airbnb stock opened at $125.91 on Friday. The company has a market capitalization of $78.25 billion, a P/E ratio of 30.49, a P/E/G ratio of 2.24 and a beta of 1.10. The firm’s fifty day simple moving average is $123.99 and its 200-day simple moving average is $127.27. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93.

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

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.