Sendero Wealth Management LLC Has $8.68 Million Stock Holdings in Airbnb, Inc. $ABNB

Sendero Wealth Management LLC boosted its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 9.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 65,609 shares of the company's stock after buying an additional 5,918 shares during the period. Airbnb makes up approximately 1.1% of Sendero Wealth Management LLC's holdings, making the stock its 17th biggest holding. Sendero Wealth Management LLC's holdings in Airbnb were worth $8,683,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Kentucky Trust Co acquired a new position in Airbnb in the 2nd quarter worth $25,000. Stonebridge Financial Group LLC grew its holdings in shares of 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 buying an additional 106 shares in the last quarter. Bartlett & CO. Wealth Management LLC raised its position in Airbnb by 209.6% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock valued at $31,000 after buying an additional 174 shares during the last quarter. Armstrong Advisory Group Inc. lifted its stake in Airbnb by 363.6% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company's stock valued at $34,000 after acquiring an additional 200 shares in the last quarter. Finally, SouthState Corp lifted its stake in Airbnb by 216.1% in the 1st quarter. SouthState Corp now owns 294 shares of the company's stock valued at $35,000 after acquiring an additional 201 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Insider Buying and Selling at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $124.96, for a total value of $74,976.00. Following the transaction, the chief technology officer owned 202,006 shares in the company, valued at $25,242,669.76. The trade was a 0.30% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph Gebbia sold 236,000 shares of the business's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of $138.83, for a total value of $32,763,880.00. Following the completion of the transaction, the director directly owned 472,015 shares in the company, valued at $65,529,842.45. This represents a 33.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,431,476 shares of company stock valued at $182,776,618 over the last three months. 27.83% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ABNB has been the topic of a number of research reports. Zacks Research raised shares of Airbnb to a "hold" rating in a research report on Tuesday, August 12th. UBS Group cut their price target on shares of Airbnb from $156.00 to $148.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. BMO Capital Markets set a $124.00 price objective on Airbnb and gave the company a "market perform" rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. lifted their target price on Airbnb from $120.00 to $130.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Finally, Citizens Jmp upgraded Airbnb to a "hold" rating in a research note on Monday, August 11th. Three analysts have rated the stock with a Strong Buy rating, eleven have given 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, the stock presently has a consensus rating of "Hold" and an average price target of $141.81.

Airbnb Stock Down 1.0%

NASDAQ ABNB opened at $120.22 on Monday. The company has a market capitalization of $74.71 billion, a price-to-earnings ratio of 29.11, a PEG ratio of 2.19 and a beta of 1.10. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The stock has a fifty day simple moving average of $125.86 and a 200 day simple moving average of $127.59.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.92 by $0.11. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The firm's revenue was up 12.7% compared to the same quarter last year. During the same period last year, the company earned $0.86 earnings per share. Research analysts expect 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.

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