Total Wealth Planning & Management Inc. Purchases New Position in Airbnb, Inc. (NASDAQ:ABNB)

Total Wealth Planning & Management Inc. acquired a new position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,404 shares of the company's stock, valued at approximately $407,000.

Several other institutional investors also recently bought and sold shares of ABNB. Park Square Financial Group LLC bought a new position in shares of Airbnb during the 4th quarter worth $26,000. Orion Capital Management LLC bought a new stake in shares of Airbnb in the fourth quarter valued at about $28,000. Graney & King LLC purchased a new stake in Airbnb in the fourth quarter worth about $32,000. Whipplewood Advisors LLC bought a new position in Airbnb during the 4th quarter worth about $44,000. Finally, Rakuten Securities Inc. grew its holdings in Airbnb by 31.6% during the 1st quarter. Rakuten Securities Inc. now owns 379 shares of the company's stock worth $45,000 after acquiring an additional 91 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Stock Performance

Shares of ABNB opened at $133.72 on Friday. The business's 50-day moving average is $129.56 and its two-hundred day moving average is $130.47. The company has a market capitalization of $83.76 billion, a P/E ratio of 33.77, a P/E/G ratio of 2.43 and a beta of 1.14. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its 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). Airbnb had a return on equity of 30.91% and a net margin of 22.60%. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period last year, the business earned $0.41 earnings per share. The firm's revenue was up 7.4% on a year-over-year basis. Analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Ratings Changes

ABNB has been the subject of several recent research reports. JMP Securities restated a "market perform" rating on shares of Airbnb in a report on Friday, May 2nd. Royal Bank Of Canada cut their price objective on shares of Airbnb from $160.00 to $140.00 and set a "sector perform" rating on the stock in a report on Friday, May 2nd. Citigroup lowered their target price on Airbnb from $170.00 to $155.00 and set a "buy" rating for the company in a report on Monday, May 5th. Canaccord Genuity Group dropped their target price on Airbnb from $190.00 to $180.00 and set a "buy" rating on the stock in a research report on Monday, April 28th. Finally, Piper Sandler reduced their price target on Airbnb from $145.00 to $132.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $141.23.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $137.13, for a total transaction of $82,278.00. Following the sale, the chief technology officer now directly owns 213,377 shares of the company's stock, valued at $29,260,388.01. This represents a 0.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $129.46, for a total value of $30,552,560.00. Following the completion of the transaction, the director now owns 944,015 shares of the company's stock, valued at approximately $122,212,181.90. This represents a 20.00% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,646,087 shares of company stock valued at $206,326,144 in the last 90 days. 27.91% of the stock is currently owned by company 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.

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