GW Henssler & Associates Ltd. Has $15.46 Million Holdings in Airbnb, Inc. $ABNB

Key Points

• GW Henssler & Associates Ltd. increased its stake in Airbnb, Inc. by 278.7% during the first quarter, now holding a total of 129,415 shares valued at approximately $15.46 million.
• Multiple hedge funds, including Harris Associates L P and Pacer Advisors Inc., have significantly increased their positions in Airbnb, contributing to 80.76% of the stock being owned by institutional investors.
• Airbnb recently reported quarterly earnings of $1.03 per share, surpassing analysts' expectations, with revenue growth of 12.7% year-over-year, amounting to $3.10 billion.

GW Henssler & Associates Ltd. grew its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 278.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 129,415 shares of the company's stock after purchasing an additional 95,238 shares during the quarter. GW Henssler & Associates Ltd.'s holdings in Airbnb were worth $15,460,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Park Square Financial Group LLC bought a new position in Airbnb during the fourth quarter worth about $26,000. Orion Capital Management LLC bought a new position in Airbnb during the fourth quarter worth about $28,000. Stonebridge Financial Group LLC grew its holdings in Airbnb by 75.7% during the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock worth $29,000 after purchasing an additional 106 shares during the period. Bartlett & CO. Wealth Management LLC grew its holdings in Airbnb by 209.6% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock worth $31,000 after purchasing an additional 174 shares during the period. Finally, SouthState Corp grew its holdings in Airbnb by 216.1% during the first quarter. SouthState Corp now owns 294 shares of the company's stock worth $35,000 after purchasing an additional 201 shares during the period. Institutional investors and hedge funds own 80.76% of the company's stock.

Insider Buying and Selling at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $135.86, for a total transaction of $849,125.00. Following the completion of the transaction, the chief financial officer directly owned 461,361 shares in the company, valued at $62,680,505.46. The trade was a 1.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph Gebbia sold 236,000 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $139.40, for a total transaction of $32,898,400.00. Following the transaction, the director owned 1,180,015 shares of the company's stock, valued at approximately $164,494,091. This represents a 16.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,674,926 shares of company stock worth $221,778,833 over the last three months. Corporate insiders own 27.91% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wedbush reduced their price target on Airbnb from $135.00 to $130.00 and set a "neutral" rating for the company in a report on Thursday, August 7th. Royal Bank Of Canada boosted their price objective on Airbnb from $140.00 to $145.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Truist Financial reduced their price objective on Airbnb from $106.00 to $104.00 and set a "sell" rating for the company in a report on Wednesday. Citizens Jmp upgraded Airbnb to a "hold" rating in a report on Monday, August 11th. Finally, Zacks Research upgraded Airbnb to a "hold" rating in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nineteen have assigned a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat, Airbnb has a consensus rating of "Hold" and an average target price of $142.66.

Airbnb Stock Performance

Shares of NASDAQ ABNB traded up $0.47 during midday trading on Thursday, reaching $125.37. The company's stock had a trading volume of 6,118,908 shares, compared to its average volume of 5,248,229. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The business's 50 day moving average price is $132.02 and its two-hundred day moving average price is $129.99. The company has a market cap of $77.91 billion, a P/E ratio of 30.36, a P/E/G ratio of 2.38 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.11. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the business earned $0.86 earnings per share. The firm's quarterly revenue was up 12.7% on a year-over-year basis. Sell-side analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

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.