Diversify Wealth Management LLC Increases Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Diversify Wealth Management LLC increased its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 14.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,140 shares of the company's stock after buying an additional 4,458 shares during the period. Diversify Wealth Management LLC's holdings in Airbnb were worth $4,535,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Proficio Capital Partners LLC lifted its holdings in shares of Airbnb by 2.6% during the 4th quarter. Proficio Capital Partners LLC now owns 12,069 shares of the company's stock worth $1,586,000 after acquiring an additional 308 shares during the period. AlphaQuest LLC lifted its holdings in shares of Airbnb by 31.0% during the 4th quarter. AlphaQuest LLC now owns 2,795 shares of the company's stock worth $367,000 after acquiring an additional 661 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Airbnb by 4.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 93,777 shares of the company's stock worth $12,323,000 after acquiring an additional 4,292 shares during the period. Independent Advisor Alliance lifted its holdings in shares of Airbnb by 38.8% during the 4th quarter. Independent Advisor Alliance now owns 7,461 shares of the company's stock worth $980,000 after acquiring an additional 2,084 shares during the period. Finally, Wealthfront Advisers LLC lifted its holdings in shares of Airbnb by 351.4% during the 4th quarter. Wealthfront Advisers LLC now owns 50,544 shares of the company's stock worth $6,642,000 after acquiring an additional 39,347 shares during the period. 80.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on ABNB. UBS Group dropped their target price on shares of Airbnb from $160.00 to $138.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Phillip Securities cut shares of Airbnb from a "hold" rating to a "moderate sell" rating in a research report on Friday, May 9th. B. Riley dropped their target price on shares of Airbnb from $145.00 to $140.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. DA Davidson upgraded shares of Airbnb from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $170.00 to $155.00 in a research report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Airbnb from $160.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $141.47.

Airbnb Trading Down 1.2%

ABNB stock traded down $1.65 during trading on Friday, reaching $135.35. The stock had a trading volume of 3,053,829 shares, compared to its average volume of 5,030,517. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The stock's 50 day moving average is $133.00 and its two-hundred day moving average is $130.63. The firm has a market cap of $84.78 billion, a PE ratio of 34.18, a PEG ratio of 2.57 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). Airbnb had a return on equity of 30.91% and a net margin of 22.60%. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period last year, the business earned $0.41 EPS. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. On average, research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Buying and Selling

In related news, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $135.86, for a total transaction of $849,125.00. Following the completion of the sale, the chief financial officer owned 461,361 shares in the company, valued at approximately $62,680,505.46. This trade represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $136.40, for a total value of $32,190,400.00. Following the sale, the director owned 708,015 shares of the company's stock, valued at $96,573,246. This represents a 25.00% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,629,143 shares of company stock worth $210,676,703. 27.91% of the stock is owned by corporate insiders.

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.