Airbnb, Inc. (NASDAQ:ABNB) Stake Lifted by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 400.6% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,451 shares of the company's stock after buying an additional 17,166 shares during the period. Axxcess Wealth Management LLC's holdings in Airbnb were worth $2,563,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of ABNB. MJP Associates Inc. ADV lifted its stake in shares of Airbnb by 1.8% in the 4th quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock worth $490,000 after purchasing an additional 67 shares during the period. Ellevest Inc. lifted its holdings in shares of Airbnb by 3.1% in the fourth quarter. Ellevest Inc. now owns 2,655 shares of the company's stock worth $349,000 after buying an additional 80 shares in the last quarter. Koshinski Asset Management Inc. lifted its holdings in shares of Airbnb by 4.4% in the first quarter. Koshinski Asset Management Inc. now owns 1,984 shares of the company's stock worth $237,000 after buying an additional 83 shares in the last quarter. TD Waterhouse Canada Inc. lifted its holdings in shares of Airbnb by 7.2% in the fourth quarter. TD Waterhouse Canada Inc. now owns 1,337 shares of the company's stock worth $176,000 after buying an additional 90 shares in the last quarter. Finally, Coldstream Capital Management Inc. increased its position in Airbnb by 3.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,490 shares of the company's stock worth $327,000 after purchasing an additional 91 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ABNB shares. BTIG Research restated a "neutral" rating on shares of Airbnb in a research report on Wednesday, May 28th. Wells Fargo & Company upped their price target on shares of Airbnb from $104.00 to $111.00 and gave the stock an "underweight" rating in a report on Monday. Susquehanna cut their price target on shares of Airbnb from $200.00 to $150.00 and set a "positive" rating on the stock in a report on Monday, May 5th. Truist Financial restated a "sell" rating and issued a $106.00 price target (down from $112.00) on shares of Airbnb in a report on Friday, May 30th. Finally, Needham & Company LLC restated a "hold" rating on shares of Airbnb in a report on Wednesday, May 14th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $141.47.

Airbnb Trading Up 0.1%

Shares of ABNB stock traded up $0.15 during mid-day trading on Thursday, reaching $137.00. The stock had a trading volume of 4,933,503 shares, compared to its average volume of 5,043,164. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The company has a market cap of $85.82 billion, a P/E ratio of 34.60, a price-to-earnings-growth ratio of 2.57 and a beta of 1.13. The business has a 50-day simple moving average of $132.54 and a 200 day simple moving average of $130.61.

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

Insider Buying and Selling

In other news, CEO Brian Chesky sold 8,000 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $128.33, for a total value of $1,026,640.00. Following the completion of the sale, the chief executive officer directly owned 40,800 shares in the company, valued at approximately $5,235,864. The trade was a 16.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Elinor Mertz sold 6,250 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $123.43, for a total value of $771,437.50. Following the completion of the sale, the chief financial officer owned 485,080 shares of the company's stock, valued at $59,873,424.40. This trade represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,629,143 shares of company stock valued at $210,676,703. Corporate insiders own 27.91% of the company's stock.

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.