11,303 Shares of Airbnb, Inc. $ABNB Bought by Western Financial Corp CA

Western Financial Corp CA acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 11,303 shares of the company’s stock, valued at approximately $1,816,000.

Other institutional investors also recently made changes to their positions in the company. Seelaus Asset Management LLC grew its position in shares of Airbnb by 45.3% in the third quarter. Seelaus Asset Management LLC now owns 2,696 shares of the company’s stock valued at $433,000 after purchasing an additional 840 shares during the last quarter. First Citizens Bank & Trust Co. bought a new position in shares of Airbnb during the third quarter worth approximately $1,215,000. Signal Advisors Wealth LLC acquired a new stake in Airbnb during the 3rd quarter worth approximately $383,000. B. Riley Wealth Advisors Inc. acquired a new stake in Airbnb during the 3rd quarter worth approximately $350,000. Finally, Krilogy Financial LLC lifted its holdings in Airbnb by 3.9% during the 3rd quarter. Krilogy Financial LLC now owns 18,970 shares of the company’s stock worth $3,102,000 after purchasing an additional 710 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

Shares of ABNB stock traded up $1.48 during trading on Wednesday, hitting $167.06. The company had a trading volume of 3,776,313 shares, compared to its average volume of 4,313,323. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market capitalization of $100.03 billion, a P/E ratio of 37.97, a price-to-earnings-growth ratio of 1.87 and a beta of 1.24. The stock’s 50-day moving average price is $172.22 and its 200 day moving average price is $150.49. Airbnb, Inc. has a one year low of $110.81 and a one year high of $193.45.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.11. The company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.58 billion. Airbnb had a return on equity of 33.38% and a net margin of 20.45%. Airbnb’s revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the business earned $1.03 earnings per share. Equities analysts expect that Airbnb, Inc. will post 5.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ABNB shares. Royal Bank Of Canada initiated coverage on Airbnb in a research note on Friday, October 2nd. They issued an “outperform” rating for the company. DA Davidson increased their price objective on Airbnb from $175.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, August 31st. FBN Securities assumed coverage on Airbnb in a report on Friday, October 2nd. They set an “outperform” rating for the company. Piper Sandler set a $150.00 target price on shares of Airbnb in a research report on Friday, August 7th. Finally, Truist Financial boosted their target price on shares of Airbnb from $134.00 to $161.00 and gave the company a “hold” rating in a research report on Thursday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Airbnb currently has an average rating of “Moderate Buy” and an average target price of $181.93.

Insider Transactions at Airbnb

In other news, insider Nathan Blecharczyk sold 13,615 shares of the business’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $165.18, for a total transaction of $2,248,925.70. Following the completion of the transaction, the insider owned 20,567 shares of the company’s stock, valued at approximately $3,397,257.06. The trade was a 39.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO David C. Bernstein sold 1,489 shares of the business’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $168.93, for a total value of $251,536.77. Following the transaction, the chief accounting officer directly owned 47,024 shares of the company’s stock, valued at approximately $7,943,764.32. The trade was a 3.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,562,961 shares of company stock worth $271,146,941 over the last quarter. Corporate insiders own 27.21% of the company’s stock.

Airbnb Profile

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel-related experiences with hosts offering homes, apartments, rooms and other lodging options. The company’s platform supports booking and managing stays in a wide range of destinations, from major cities to rural and resort areas.

In addition to accommodations, Airbnb offers experiences hosted by local residents, including activities, tours and cultural events. The company has also expanded its platform to include services in select markets, such as offerings related to hospitality, wellness, food and other travel needs.