SWS Partners Has $1.85 Million Holdings in Airbnb, Inc. $ABNB

SWS Partners lifted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 3.3% in the 2nd quarter, Holdings Channel reports. The firm owned 14,004 shares of the company’s stock after buying an additional 451 shares during the quarter. SWS Partners’ holdings in Airbnb were worth $1,853,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. GC Wealth Management RIA LLC acquired a new stake in shares of Airbnb in the 2nd quarter valued at $2,131,000. Scott & Selber Inc. acquired a new stake in shares of Airbnb in the 2nd quarter valued at $2,470,000. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of Airbnb by 3.6% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 930,050 shares of the company’s stock valued at $123,083,000 after purchasing an additional 32,108 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of Airbnb by 25.5% in the 2nd quarter. Avior Wealth Management LLC now owns 2,395 shares of the company’s stock valued at $317,000 after purchasing an additional 486 shares during the last quarter. Finally, Sage Rhino Capital LLC lifted its stake in shares of Airbnb by 1.9% in the 2nd quarter. Sage Rhino Capital LLC now owns 9,924 shares of the company’s stock valued at $1,313,000 after purchasing an additional 185 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ABNB. Citizens Jmp upgraded shares of Airbnb to a “hold” rating in a report on Monday, August 11th. BMO Capital Markets set a $124.00 target price on shares of Airbnb and gave the stock a “market perform” rating in a report on Thursday, August 7th. Wedbush dropped their target price on shares of Airbnb from $135.00 to $130.00 and set a “neutral” rating on the stock in a report on Thursday, August 7th. Morgan Stanley dropped their target price on shares of Airbnb from $130.00 to $120.00 and set an “underweight” rating on the stock in a report on Thursday, August 7th. Finally, Phillip Securities upgraded shares of Airbnb from a “moderate sell” rating to a “hold” rating in a report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, eighteen have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average target price of $141.46.

Insider Activity at Airbnb

In other news, CAO David C. Bernstein sold 5,000 shares of the business’s stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $142.00, for a total transaction of $710,000.00. Following the transaction, the chief accounting officer owned 42,619 shares in the company, valued at approximately $6,051,898. The trade was a 10.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Nathan Blecharczyk sold 2,246 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $125.20, for a total transaction of $281,199.20. Following the transaction, the insider owned 182,514 shares in the company, valued at approximately $22,850,752.80. The trade was a 1.22% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,437,726 shares of company stock worth $186,661,639. 27.83% of the stock is owned by company insiders.

Airbnb Stock Performance

NASDAQ:ABNB opened at $123.70 on Monday. The firm’s 50-day moving average is $127.69 and its 200-day moving average is $127.71. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The company has a market cap of $76.87 billion, a price-to-earnings ratio of 29.95, a PEG ratio of 2.26 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the previous year, the firm posted $0.86 EPS. The business’s revenue was up 12.7% compared to the same quarter last year. Equities analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

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.