Verde Capital Management Has $2.14 Million Stake in Airbnb, Inc. (NASDAQ:ABNB)

Verde Capital Management increased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 7.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,849 shares of the company’s stock after acquiring an additional 1,170 shares during the quarter. Airbnb accounts for approximately 0.6% of Verde Capital Management’s portfolio, making the stock its 27th largest position. Verde Capital Management’s holdings in Airbnb were worth $2,137,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. TriaGen Wealth Management LLC increased its stake in Airbnb by 17.5% in the third quarter. TriaGen Wealth Management LLC now owns 16,712 shares of the company’s stock valued at $2,119,000 after purchasing an additional 2,492 shares in the last quarter. Stratos Wealth Advisors LLC increased its position in Airbnb by 277.7% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 18,194 shares of the company’s stock valued at $2,307,000 after buying an additional 13,377 shares in the last quarter. Aaron Wealth Advisors LLC increased its position in Airbnb by 40.2% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 2,932 shares of the company’s stock valued at $372,000 after buying an additional 840 shares in the last quarter. Sumitomo Life Insurance Co. boosted its holdings in Airbnb by 12.2% in the third quarter. Sumitomo Life Insurance Co. now owns 48,100 shares of the company’s stock worth $6,100,000 after acquiring an additional 5,241 shares in the last quarter. Finally, Creative Planning grew its stake in Airbnb by 44.0% in the third quarter. Creative Planning now owns 70,442 shares of the company’s stock valued at $8,808,000 after acquiring an additional 21,518 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on ABNB shares. Benchmark reaffirmed a “buy” rating and set a $155.00 target price on shares of Airbnb in a research report on Monday, August 26th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. JPMorgan Chase & Co. decreased their target price on shares of Airbnb from $145.00 to $121.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Truist Financial dropped their price target on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Finally, Piper Sandler decreased their price objective on Airbnb from $155.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Five research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $134.55.

Airbnb Trading Up 0.3 %

Shares of Airbnb stock opened at $136.45 on Friday. The company’s 50-day moving average price is $123.17 and its 200-day moving average price is $139.94. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a market cap of $87.88 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 1.83 and a beta of 1.17.

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

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 115,385 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $149.11, for a total value of $17,205,057.35. Following the sale, the chief executive officer now owns 13,798,917 shares of the company’s stock, valued at $2,057,556,513.87. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the transaction, the chief technology officer now owns 198,244 shares of the company’s stock, valued at $23,579,141.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Chesky sold 115,385 shares of Airbnb stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $149.11, for a total value of $17,205,057.35. Following the sale, the chief executive officer now directly owns 13,798,917 shares of the company’s stock, valued at approximately $2,057,556,513.87. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 600,956 shares of company stock worth $79,260,444 over the last ninety days. 27.83% of the stock is owned by corporate insiders.

About Airbnb

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.