Gibbs Wealth Management Has $1.01 Million Stock Holdings in Airbnb, Inc. $ABNB

Gibbs Wealth Management lowered its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 43.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,312 shares of the company’s stock after selling 6,263 shares during the period. Gibbs Wealth Management’s holdings in Airbnb were worth $1,009,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Airbnb by 70.9% during the 2nd 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 period. Concord Wealth Partners bought a new position in Airbnb during the second quarter worth $28,000. Whipplewood Advisors LLC grew its holdings in Airbnb by 235.3% in the second quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock worth $30,000 after purchasing an additional 160 shares during the period. Root Financial Partners LLC bought a new stake in Airbnb in the third quarter valued at $32,000. Finally, NewSquare Capital LLC increased its stake in Airbnb by 86.4% in the second quarter. NewSquare Capital LLC now owns 287 shares of the company’s stock valued at $38,000 after purchasing an additional 133 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Price Performance

ABNB opened at $132.15 on Friday. The company’s 50-day moving average is $128.86 and its 200 day moving average is $127.65. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The firm has a market capitalization of $81.34 billion, a P/E ratio of 31.39, a PEG ratio of 2.07 and a beta of 1.09.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the business posted $2.13 EPS. The company’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Ratings Changes

ABNB has been the topic of a number of research analyst reports. Wedbush increased their price objective on shares of Airbnb from $130.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. B. Riley upgraded Airbnb from a “neutral” rating to a “buy” rating and increased their price target for the stock from $140.00 to $170.00 in a report on Monday, January 12th. BTIG Research restated a “neutral” rating on shares of Airbnb in a report on Friday, November 7th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Airbnb in a report on Wednesday, January 14th. Finally, Sanford C. Bernstein decreased their price target on shares of Airbnb from $165.00 to $162.00 and set an “outperform” rating for the company in a research note on Tuesday, January 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $147.84.

Insiders Place Their Bets

In other news, CEO Brian Chesky sold 51,230 shares of Airbnb stock in a transaction on Monday, December 15th. The stock was sold at an average price of $131.16, for a total transaction of $6,719,326.80. Following the sale, the chief executive officer directly owned 45,854 shares in the company, valued at $6,014,210.64. The trade was a 52.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Elinor Mertz sold 3,750 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $135.94, for a total transaction of $509,775.00. Following the transaction, the chief financial officer owned 414,280 shares of the company’s stock, valued at approximately $56,317,223.20. The trade was a 0.90% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,388,372 shares of company stock valued at $171,733,558. Insiders own 27.91% of the company’s stock.

Airbnb Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.