Yoder Wealth Management Inc. Sells 3,500 Shares of Airbnb, Inc. $ABNB

Yoder Wealth Management Inc. lessened its holdings in shares of Airbnb, Inc. (NASDAQ:ABNBFree Report) by 13.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,889 shares of the company’s stock after selling 3,500 shares during the quarter. Airbnb comprises 1.3% of Yoder Wealth Management Inc.’s portfolio, making the stock its 24th biggest holding. Yoder Wealth Management Inc.’s holdings in Airbnb were worth $2,890,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd purchased a new stake in Airbnb during the 3rd quarter valued at approximately $25,000. ORG Partners LLC lifted its holdings in shares of Airbnb by 97.0% in the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after buying an additional 96 shares in the last quarter. Transamerica Financial Advisors LLC boosted its position in shares of Airbnb by 143.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after acquiring an additional 112 shares during the last quarter. Entrust Financial LLC bought a new position in shares of Airbnb during the fourth quarter worth $27,000. Finally, Sunbelt Securities Inc. grew its stake in Airbnb by 397.7% during the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ABNB. Needham & Company LLC initiated coverage on Airbnb in a report on Monday, May 4th. They issued a “buy” rating on the stock. Oppenheimer raised Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 price objective on the stock in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $170.00 target price on shares of Airbnb in a research report on Friday, May 8th. Royal Bank Of Canada reissued an “outperform” rating and issued a $173.00 target price on shares of Airbnb in a report on Thursday, May 21st. Finally, HC Wainwright upgraded shares of Airbnb to a “buy” rating in a research report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $157.96.

Get Our Latest Report on Airbnb

Airbnb Stock Up 2.6%

NASDAQ ABNB opened at $145.56 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average of $137.36 and a two-hundred day moving average of $132.85. The firm has a market capitalization of $87.73 billion, a price-to-earnings ratio of 35.85, a PEG ratio of 1.56 and a beta of 1.16. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $147.58.

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

Insider Activity at Airbnb

In other news, insider Nathan Blecharczyk sold 88,366 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $145.81, for a total transaction of $12,884,646.46. Following the transaction, the insider owned 12,370 shares of the company’s stock, valued at approximately $1,803,669.70. This represents a 87.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Brian Chesky sold 265,746 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $132.22, for a total value of $35,136,936.12. Following the completion of the sale, the chief executive officer owned 11,206,389 shares in the company, valued at approximately $1,481,708,753.58. The trade was a 2.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 2,005,339 shares of company stock worth $273,061,091. Insiders own 27.21% of the company’s stock.

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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