Diversify Wealth Management LLC Raises Stock Holdings in Airbnb, Inc. $ABNB

Diversify Wealth Management LLC increased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNBFree Report) by 55.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,348 shares of the company’s stock after acquiring an additional 22,678 shares during the quarter. Diversify Wealth Management LLC’s holdings in Airbnb were worth $8,886,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Patton Fund Management Inc. grew its stake in Airbnb by 4.3% in the 4th quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock valued at $254,000 after purchasing an additional 77 shares during the period. BOKF NA raised its stake in shares of Airbnb by 11.0% during the 4th quarter. BOKF NA now owns 787 shares of the company’s stock worth $107,000 after purchasing an additional 78 shares during the period. Yoder Wealth Management Inc. raised its stake in shares of Airbnb by 0.3% during the 4th quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock worth $3,582,000 after purchasing an additional 84 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Airbnb by 1.0% in the 3rd quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock worth $1,007,000 after buying an additional 86 shares during the last quarter. Finally, FSB Premier Wealth Management Inc. boosted its holdings in shares of Airbnb by 3.4% in the 4th quarter. FSB Premier Wealth Management Inc. now owns 2,692 shares of the company’s stock worth $365,000 after buying an additional 89 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on ABNB shares. Sanford C. Bernstein restated an “outperform” rating on shares of Airbnb in a report on Friday, May 22nd. Needham & Company LLC assumed coverage on shares of Airbnb in a research note on Monday, May 4th. They issued a “buy” rating on the stock. Truist Financial boosted their target price on shares of Airbnb from $129.00 to $134.00 and gave the company a “hold” rating in a research note on Friday, June 12th. CICC Research initiated coverage on shares of Airbnb in a research report on Friday, June 5th. They set an “outperform” rating and a $165.00 target price for the company. Finally, Robert W. Baird raised their price target on shares of Airbnb from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Airbnb currently has an average rating of “Moderate Buy” and an average target price of $158.36.

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Key Headlines Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

Insiders Place Their Bets

In other news, CEO Brian Chesky sold 265,746 shares of Airbnb stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $132.22, for a total value of $35,136,936.12. Following the completion of the transaction, the chief executive officer owned 11,206,389 shares in the company, valued at $1,481,708,753.58. This trade represents a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Gebbia sold 294,903 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $148.43, for a total transaction of $43,772,452.29. Following the completion of the sale, the director directly owned 2,622,452 shares in the company, valued at approximately $389,250,550.36. This trade represents a 10.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 2,325,429 shares of company stock worth $321,925,435 over the last quarter. 27.21% of the stock is currently owned by company insiders.

Airbnb Price Performance

ABNB stock opened at $148.62 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $89.57 billion, a price-to-earnings ratio of 36.61, a PEG ratio of 1.59 and a beta of 1.14. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $150.19. The stock has a fifty day moving average of $138.47 and a 200-day moving average of $134.03.

Airbnb (NASDAQ:ABNBGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period last year, the business posted $0.24 EPS. The company’s revenue was up 17.9% compared to the same quarter last year. As a group, equities research analysts predict that Airbnb, Inc. will post 4.91 earnings per share for the current year.

Airbnb Profile

(Free Report)

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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