Geneos Wealth Management Inc. grew its stake in shares of Airbnb, Inc. (NASDAQ:ABNB – Get Rating) by 7.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,071 shares of the company's stock after buying an additional 550 shares during the period. Geneos Wealth Management Inc.'s holdings in Airbnb were worth $737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of ABNB. CWM LLC increased its position in Airbnb by 2.5% in the first quarter. CWM LLC now owns 2,699 shares of the company's stock worth $464,000 after purchasing an additional 65 shares during the last quarter. Asset Dedication LLC increased its position in Airbnb by 46.4% in the first quarter. Asset Dedication LLC now owns 224 shares of the company's stock worth $39,000 after purchasing an additional 71 shares during the last quarter. Foundations Investment Advisors LLC increased its position in Airbnb by 1.6% in the first quarter. Foundations Investment Advisors LLC now owns 4,703 shares of the company's stock worth $803,000 after purchasing an additional 72 shares during the last quarter. Tsfg LLC increased its position in Airbnb by 42.7% in the first quarter. Tsfg LLC now owns 264 shares of the company's stock worth $45,000 after purchasing an additional 79 shares during the last quarter. Finally, UMB Bank N A MO boosted its stake in Airbnb by 25.0% during the first quarter. UMB Bank N A MO now owns 440 shares of the company's stock worth $76,000 after buying an additional 88 shares during the period. Institutional investors own 39.45% of the company's stock.
Get Airbnb alerts:Insiders Place Their Bets
In other Airbnb news, insider Joseph Gebbia sold 250,000 shares of the firm's stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $95.32, for a total value of $23,830,000.00. Following the completion of the sale, the insider now directly owns 2,750,101 shares of the company's stock, valued at approximately $262,139,627.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Jeffrey D. Jordan sold 6,000 shares of the firm's stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $120.00, for a total transaction of $720,000.00. Following the completion of the sale, the director now directly owns 285,646 shares of the company's stock, valued at approximately $34,277,520. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph Gebbia sold 250,000 shares of the firm's stock in a transaction dated Wednesday, July 13th. The stock was sold at an average price of $95.32, for a total value of $23,830,000.00. Following the sale, the insider now directly owns 2,750,101 shares of the company's stock, valued at $262,139,627.32. The disclosure for this sale can be found here. Insiders sold 845,279 shares of company stock valued at $96,471,588 in the last three months. 32.69% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several research analysts have commented on ABNB shares. Sanford C. Bernstein assumed coverage on shares of Airbnb in a research note on Tuesday. They set an "outperform" rating and a $143.00 price objective for the company. Evercore ISI reduced their target price on shares of Airbnb from $205.00 to $150.00 and set an "outperform" rating for the company in a report on Thursday, July 7th. JPMorgan Chase & Co. cut their price objective on shares of Airbnb from $185.00 to $110.00 and set a "neutral" rating on the stock in a report on Wednesday, June 29th. Tigress Financial cut their price objective on shares of Airbnb from $214.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, September 23rd. Finally, Argus started coverage on Airbnb in a research report on Tuesday, July 26th. They issued a "hold" rating on the stock. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, Airbnb has a consensus rating of "Hold" and an average target price of $156.17.Airbnb Stock Up 0.9 %
NASDAQ ABNB opened at $111.76 on Thursday. Airbnb, Inc. has a one year low of $86.71 and a one year high of $212.58. The company has a market cap of $72.50 billion, a P/E ratio of 61.07 and a beta of 1.07. The business has a fifty day moving average price of $115.05 and a 200 day moving average price of $123.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.58 and a current ratio of 1.58.
Airbnb (NASDAQ:ABNB – Get Rating) last issued its earnings results on Tuesday, August 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.15. Airbnb had a return on equity of 26.03% and a net margin of 16.91%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same period last year, the company earned ($0.11) EPS. Research analysts anticipate that Airbnb, Inc. will post 2.25 EPS for the current fiscal year.
About Airbnb
(Get Rating)
Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.
See Also
- Get a free copy of the StockNews.com research report on Airbnb (ABNB)
- 3 Alzheimer Stocks to Buy as the Race for a Cure Heats Up
- Don't Forget About These Cheap, Fundamentally Strong Tech Stocks
- Bellwether RPM International Pops On Results
- Rivian Checks Off Boxes, But Still Needs a Lot to Go Right
- Hot Potato: Lamb Weston Stock Confirms a Top
Want to see what other hedge funds are holding ABNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Airbnb, Inc. (NASDAQ:ABNB – Get Rating).
Receive News & Ratings for Airbnb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airbnb and related companies with MarketBeat.com's FREE daily email newsletter.