Airbnb, Inc. (NASDAQ:ABNB) Shares Acquired by TriaGen Wealth Management LLC

TriaGen Wealth Management LLC grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 17.5% in the 3rd quarter, Holdings Channel.com reports. The fund owned 16,712 shares of the company’s stock after acquiring an additional 2,492 shares during the quarter. TriaGen Wealth Management LLC’s holdings in Airbnb were worth $2,119,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in Airbnb by 2.4% in the first quarter. Vanguard Group Inc. now owns 34,324,465 shares of the company’s stock worth $5,662,164,000 after acquiring an additional 791,149 shares in the last quarter. Jennison Associates LLC raised its position in Airbnb by 57.9% in the first quarter. Jennison Associates LLC now owns 10,632,035 shares of the company’s stock worth $1,753,860,000 after acquiring an additional 3,899,179 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Airbnb by 158.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock worth $958,279,000 after acquiring an additional 3,558,178 shares in the last quarter. Legal & General Group Plc raised its position in Airbnb by 4.7% in the second quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock worth $519,044,000 after acquiring an additional 153,784 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd raised its position in Airbnb by 1.6% in the first quarter. Alphinity Investment Management Pty Ltd now owns 2,536,014 shares of the company’s stock worth $418,341,000 after acquiring an additional 39,129 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Up 0.3 %

Shares of NASDAQ:ABNB traded up $0.43 during mid-day trading on Friday, hitting $136.45. 2,391,131 shares of the company traded hands, compared to its average volume of 4,449,886. The firm has a market cap of $87.88 billion, a P/E ratio of 18.27, a PEG ratio of 1.83 and a beta of 1.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The firm’s 50 day simple moving average is $123.17 and its 200 day simple moving average is $140.08.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter in the previous year, the business posted $0.98 earnings per share. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. On average, equities analysts anticipate that Airbnb, Inc. will post 4.33 EPS for the current year.

Insiders Place Their Bets

In other Airbnb news, CEO Brian Chesky sold 230,769 shares of Airbnb stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the sale, the chief executive officer now directly owns 13,315,912 shares in the company, valued at $1,597,909,440. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Brian Chesky sold 230,769 shares of Airbnb stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $27,692,280.00. Following the completion of the transaction, the chief executive officer now owns 13,315,912 shares in the company, valued at approximately $1,597,909,440. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 80,000 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $149.11, for a total value of $11,928,800.00. Following the transaction, the chief technology officer now owns 207,574 shares of the company’s stock, valued at $30,951,359.14. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 600,956 shares of company stock worth $79,260,444 in the last three months. 27.83% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. BMO Capital Markets cut their price objective on Airbnb from $151.00 to $130.00 and set a “market perform” rating for the company in a research report on Wednesday, August 7th. Susquehanna dropped their price target on Airbnb from $180.00 to $130.00 and set a “positive” rating for the company in a research report on Wednesday, August 7th. Raymond James started coverage on Airbnb in a research report on Friday, September 27th. They issued a “market perform” rating and a $134.00 price target for the company. Argus lowered Airbnb from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Wells Fargo & Company increased their price objective on Airbnb from $100.00 to $102.00 and gave the company an “underweight” rating in a research note on Tuesday, October 8th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and an average price target of $134.55.

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.