Whipplewood Advisors LLC Has $30,000 Stock Holdings in Airbnb, Inc. $ABNB

Whipplewood Advisors LLC grew its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 235.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 228 shares of the company’s stock after buying an additional 160 shares during the quarter. Whipplewood Advisors LLC’s holdings in Airbnb were worth $30,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. DDD Partners LLC increased its stake in shares of Airbnb by 3.9% in the second quarter. DDD Partners LLC now owns 2,041 shares of the company’s stock valued at $270,000 after buying an additional 76 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Airbnb by 1.6% in the first quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company’s stock valued at $604,000 after buying an additional 78 shares in the last quarter. Harbour Investments Inc. boosted its holdings in Airbnb by 12.2% in the first quarter. Harbour Investments Inc. now owns 738 shares of the company’s stock valued at $88,000 after acquiring an additional 80 shares during the last quarter. Koshinski Asset Management Inc. boosted its holdings in Airbnb by 4.4% in the first quarter. Koshinski Asset Management Inc. now owns 1,984 shares of the company’s stock valued at $237,000 after acquiring an additional 83 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. boosted its holdings in Airbnb by 70.9% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after acquiring an additional 83 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Elinor Mertz sold 4,630 shares of Airbnb stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $128.42, for a total transaction of $594,584.60. Following the transaction, the chief financial officer owned 444,070 shares in the company, valued at $57,027,469.40. The trade was a 1.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $125.36, for a total value of $29,584,960.00. Following the transaction, the director owned 15 shares in the company, valued at $1,880.40. This trade represents a 99.99% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,426,476 shares of company stock worth $177,413,500. Company insiders own 27.83% of the company’s stock.

Airbnb Trading Up 0.8%

Shares of ABNB opened at $129.07 on Tuesday. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The stock has a market cap of $80.21 billion, a P/E ratio of 31.25, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10. The stock’s 50-day moving average price is $124.55 and its two-hundred day moving average price is $128.10.

Airbnb (NASDAQ:ABNB) last issued its 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. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The firm had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter last year, the business earned $0.86 earnings per share. The company’s revenue was up 12.7% compared to the same quarter last year. As a group, equities analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Analysts Set New Price Targets

ABNB has been the topic of several recent research reports. Citizens Jmp upgraded Airbnb to a “hold” rating in a report on Monday, August 11th. Morgan Stanley decreased their price target on Airbnb from $130.00 to $120.00 and set an “underweight” rating on the stock in a report on Thursday, August 7th. Zacks Research upgraded Airbnb to a “hold” rating in a report on Tuesday, August 12th. Phillip Securities upgraded Airbnb from a “moderate sell” rating to a “hold” rating in a report on Friday, August 8th. Finally, Barclays set a $105.00 price target on Airbnb and gave the company an “underweight” rating in a report on Thursday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and a consensus price target of $141.70.

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.