Wealth Enhancement Advisory Services LLC Buys 4,864 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 20.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,770 shares of the company’s stock after buying an additional 4,864 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Airbnb were worth $3,648,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Airbnb in the first quarter valued at about $215,000. J.W. Cole Advisors Inc. purchased a new stake in shares of Airbnb in the first quarter valued at about $266,000. Private Advisor Group LLC raised its holdings in shares of Airbnb by 4.5% in the first quarter. Private Advisor Group LLC now owns 19,111 shares of the company’s stock valued at $3,153,000 after purchasing an additional 817 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Airbnb by 29.7% in the first quarter. Janney Montgomery Scott LLC now owns 62,176 shares of the company’s stock valued at $10,257,000 after purchasing an additional 14,232 shares during the last quarter. Finally, PDS Planning Inc raised its holdings in shares of Airbnb by 10.1% in the first quarter. PDS Planning Inc now owns 2,274 shares of the company’s stock valued at $375,000 after purchasing an additional 208 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

ABNB has been the subject of several research reports. Cantor Fitzgerald restated an “underweight” rating and set a $94.00 price target on shares of Airbnb in a research report on Monday, October 7th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research report on Wednesday, August 7th. Argus lowered shares of Airbnb from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. The Goldman Sachs Group cut their price objective on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating for the company in a research report on Thursday, August 8th. Finally, Mizuho lowered their target price on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, September 13th. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $135.35.

Airbnb Stock Up 1.2 %

Shares of NASDAQ ABNB opened at $136.46 on Friday. The company has a market cap of $87.56 billion, a price-to-earnings ratio of 18.57, a PEG ratio of 1.93 and a beta of 1.17. The firm’s fifty day moving average is $126.86 and its 200 day moving average is $138.34. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.74 billion. Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The business’s revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.98 EPS. On average, equities research analysts expect that Airbnb, Inc. will post 4.17 earnings per share for the current year.

Insider Activity at Airbnb

In related news, Director Joseph Gebbia sold 42,719 shares of Airbnb stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total value of $5,403,099.12. Following the sale, the director now owns 16,472 shares in the company, valued at $2,083,378.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Joseph Gebbia sold 42,719 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total transaction of $5,403,099.12. Following the sale, the director now owns 16,472 shares in the company, valued at approximately $2,083,378.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brian Chesky sold 230,769 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the completion of the sale, the chief executive officer now directly owns 13,315,912 shares in the company, valued at $1,597,909,440. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 418,406 shares of company stock worth $51,885,773 over the last quarter. Corporate insiders own 27.83% of the company’s stock.

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.