Drucker Wealth 3.0 LLC Makes New $288,000 Investment in Airbnb, Inc. $ABNB

Drucker Wealth 3.0 LLC bought a new stake in Airbnb, Inc. (NASDAQ:ABNB) during the 2nd quarter, Holdings Channel.com reports. The fund bought 2,104 shares of the company’s stock, valued at approximately $288,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. grew its stake in Airbnb by 1.6% in the first quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company’s stock valued at $604,000 after purchasing an additional 78 shares during the last quarter. Harbour Investments Inc. grew its stake in Airbnb by 12.2% in the first quarter. Harbour Investments Inc. now owns 738 shares of the company’s stock valued at $88,000 after purchasing an additional 80 shares during the last quarter. Koshinski Asset Management Inc. grew its stake in Airbnb by 4.4% in the first quarter. Koshinski Asset Management Inc. now owns 1,984 shares of the company’s stock valued at $237,000 after purchasing an additional 83 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its stake in Airbnb by 70.9% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after purchasing an additional 83 shares during the last quarter. Finally, Rakuten Securities Inc. increased its position in shares of Airbnb by 31.6% during the first quarter. Rakuten Securities Inc. now owns 379 shares of the company’s stock worth $45,000 after purchasing an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 2,246 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $125.20, for a total value of $281,199.20. Following the sale, the insider directly owned 182,514 shares of the company’s stock, valued at approximately $22,850,752.80. This represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO David C. Bernstein sold 5,000 shares of the company’s 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 completion of the sale, the chief accounting officer directly owned 42,619 shares in the company, valued at approximately $6,051,898. The trade was a 10.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,430,876 shares of company stock worth $182,694,292 over the last 90 days. Insiders own 27.91% of the company’s stock.

Airbnb Price Performance

NASDAQ ABNB opened at $118.19 on Friday. The stock’s fifty day moving average price is $124.34 and its 200 day moving average price is $127.27. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The company has a market cap of $73.45 billion, a price-to-earnings ratio of 28.62, a PEG ratio of 2.16 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last released its 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 return on equity of 32.19% and a net margin of 22.67%.The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the prior year, the firm earned $0.86 EPS. The firm’s revenue was up 12.7% on a year-over-year basis. Research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ABNB shares. JPMorgan Chase & Co. upped their price target on Airbnb from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. BMO Capital Markets set a $124.00 price target on Airbnb and gave the stock a “market perform” rating in a research report on Thursday, August 7th. Wedbush reduced their price target on Airbnb from $135.00 to $130.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. Royal Bank Of Canada upped their price target on Airbnb from $140.00 to $145.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Airbnb in a research report on Wednesday. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, Airbnb currently has a consensus rating of “Hold” and a consensus price target of $141.81.

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.