Airbnb, Inc. (NASDAQ:ABNB) Holdings Lowered by Waypoint Wealth Partners Inc.

Waypoint Wealth Partners Inc. trimmed its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,458 shares of the company’s stock after selling 1,017 shares during the period. Airbnb comprises about 1.1% of Waypoint Wealth Partners Inc.’s investment portfolio, making the stock its 10th biggest position. Waypoint Wealth Partners Inc.’s holdings in Airbnb were worth $4,116,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ABNB. Ritholtz Wealth Management lifted its position in shares of Airbnb by 10.0% in the first quarter. Ritholtz Wealth Management now owns 5,328 shares of the company’s stock worth $636,000 after buying an additional 484 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Airbnb by 0.4% during the first quarter. Janney Montgomery Scott LLC now owns 51,192 shares of the company’s stock valued at $6,115,000 after purchasing an additional 228 shares during the period. Spire Wealth Management raised its position in Airbnb by 40.1% during the first quarter. Spire Wealth Management now owns 909 shares of the company’s stock valued at $109,000 after purchasing an additional 260 shares during the period. Golden State Wealth Management LLC raised its position in Airbnb by 366.3% during the first quarter. Golden State Wealth Management LLC now owns 886 shares of the company’s stock valued at $106,000 after purchasing an additional 696 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in Airbnb by 39.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 73,246 shares of the company’s stock valued at $8,750,000 after purchasing an additional 20,753 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Airbnb news, CAO David C. Bernstein sold 5,000 shares of the stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $142.00, for a total transaction of $710,000.00. Following the sale, the chief accounting officer directly owned 42,619 shares of the company’s stock, valued at approximately $6,051,898. This trade represents a 10.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Thursday, July 24th. The stock was sold at an average price of $139.39, for a total value of $83,634.00. Following the sale, the chief technology officer directly owned 209,777 shares in the company, valued at $29,240,816.03. This represents a 0.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,671,023 shares of company stock valued at $223,195,427 over the last quarter. 27.91% of the stock is currently owned by company insiders.

Airbnb Price Performance

NASDAQ ABNB opened at $124.55 on Thursday. The stock’s fifty day moving average price is $134.33 and its 200 day moving average price is $130.78. 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 $78.02 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 2.22 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.11. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%. The firm’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the firm earned $0.86 EPS. 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 brokerages have issued reports on ABNB. JPMorgan Chase & Co. upped their price objective on Airbnb from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a research note on Friday, May 2nd. Wedbush cut their target price on Airbnb from $135.00 to $130.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. Benchmark cut their target price on Airbnb from $178.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Finally, Morgan Stanley cut their target price on Airbnb from $130.00 to $120.00 and set an “underweight” rating on the stock in a research note on Thursday, August 7th. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $142.72.

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.