GW Henssler & Associates Ltd. Purchases 3,105 Shares of Airbnb, Inc. $ABNB

Key Points

• GW Henssler & Associates Ltd. acquired an additional 3,105 shares of Airbnb during the 2nd quarter, increasing its holdings by 2.4% to a total of 132,520 shares valued at approximately $17.54 million.
• Insider transactions included CTO Aristotle N. Balogh selling 600 shares and CAO David C. Bernstein selling 5,000 shares, indicating activity among company leadership with a total of 1,430,876 shares sold by insiders over the last ninety days.
• Analysts provided mixed ratings for Airbnb, with an average target price of $141.81, reflecting a consensus of "Hold" across ratings amidst evolving market expectations.

GW Henssler & Associates Ltd. increased its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 2.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 132,520 shares of the company's stock after acquiring an additional 3,105 shares during the quarter. GW Henssler & Associates Ltd.'s holdings in Airbnb were worth $17,538,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its holdings in shares of Airbnb by 1.6% during the first quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company's stock worth $604,000 after buying an additional 78 shares during the last quarter. Harbour Investments Inc. lifted its holdings in shares of Airbnb by 12.2% during the first quarter. Harbour Investments Inc. now owns 738 shares of the company's stock worth $88,000 after buying an additional 80 shares during the last quarter. Koshinski Asset Management Inc. lifted its holdings in shares of Airbnb by 4.4% during 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 during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Airbnb by 70.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company's stock worth $26,000 after buying an additional 83 shares during the last quarter. Finally, Rakuten Securities Inc. lifted its holdings in shares of Airbnb by 31.6% during the first quarter. Rakuten Securities Inc. now owns 379 shares of the company's stock worth $45,000 after buying an additional 91 shares during the last quarter. Institutional investors own 80.76% of the company's stock.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $124.96, for a total transaction of $74,976.00. Following the completion of the transaction, the chief technology officer directly owned 202,006 shares of the company's stock, valued at $25,242,669.76. This trade represents a 0.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO David C. Bernstein sold 5,000 shares of Airbnb stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $142.00, for a total transaction of $710,000.00. Following the transaction, the chief accounting officer directly owned 42,619 shares of the company's stock, valued at $6,051,898. This represents a 10.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,430,876 shares of company stock valued at $182,694,292. 27.91% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on ABNB shares. Truist Financial dropped their price objective on shares of Airbnb from $106.00 to $104.00 and set a "sell" rating on the stock in a report on Wednesday, September 3rd. Weiss Ratings restated a "hold (c)" rating on shares of Airbnb in a report on Wednesday. Phillip Securities upgraded shares of Airbnb from a "moderate sell" rating to a "hold" rating in a report on Friday, August 8th. Jefferies Financial Group dropped their price objective on shares of Airbnb from $165.00 to $160.00 and set a "buy" rating on the stock in a report on Monday, August 11th. Finally, Wells Fargo & Company set a $110.00 price objective on shares of Airbnb and gave the stock an "underweight" rating in a report on Thursday, August 7th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, nineteen have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, Airbnb presently has an average rating of "Hold" and an average price target of $141.81.

Airbnb Trading Down 1.6%

ABNB stock opened at $118.19 on Friday. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93. The firm has a market cap of $73.45 billion, a P/E ratio of 28.62, a P/E/G ratio of 2.16 and a beta of 1.10. The business's 50 day moving average is $124.34 and its 200-day moving average is $127.27.

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

Airbnb Company 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.

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