Wilmington Savings Fund Society FSB Purchases 334 Shares of Airbnb, Inc. $ABNB

Wilmington Savings Fund Society FSB increased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 6.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,321 shares of the company’s stock after acquiring an additional 334 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Airbnb were worth $704,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kentucky Trust Co bought a new stake in Airbnb during the 2nd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Airbnb by 70.9% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after acquiring an additional 83 shares during the period. Concord Wealth Partners bought a new stake in Airbnb during the 2nd quarter worth approximately $28,000. Stonebridge Financial Group LLC increased its holdings in Airbnb by 75.7% during the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock worth $29,000 after acquiring an additional 106 shares during the period. Finally, Bartlett & CO. Wealth Management LLC increased its holdings in Airbnb by 209.6% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company’s stock worth $31,000 after acquiring an additional 174 shares during the period. Institutional investors own 80.76% of the company’s stock.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Thursday, October 9th. The shares were sold at an average price of $120.46, for a total value of $72,276.00. Following the completion of the sale, the chief technology officer directly owned 197,806 shares of the company’s stock, valued at approximately $23,827,710.76. This trade represents a 0.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joseph Gebbia sold 236,000 shares of the firm’s stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $119.22, for a total transaction of $28,135,920.00. Following the completion of the sale, the director directly owned 704,015 shares of the company’s stock, valued at approximately $83,932,668.30. This represents a 25.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,666,876 shares of company stock worth $210,819,940 in the last quarter. Insiders own 27.91% of the company’s stock.

Airbnb Stock Down 1.1%

Shares of Airbnb stock opened at $122.89 on Friday. The firm has a market cap of $76.37 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 2.27 and a beta of 1.10. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The company’s fifty day simple moving average is $123.89 and its two-hundred day simple moving average is $127.24.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.11. The business had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The company’s revenue was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.86 EPS. As a group, sell-side analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ABNB shares. BTIG Research reissued a “neutral” rating on shares of Airbnb in a report on Tuesday, October 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Airbnb in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on shares of Airbnb from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Citizens Jmp raised shares of Airbnb to a “hold” rating in a report on Monday, August 11th. Finally, Zacks Research raised shares of Airbnb to a “hold” rating in a report on Tuesday, August 12th. Three 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 given a Sell rating to the stock. Based on data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus price target of $141.81.

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.