Wealth Enhancement Advisory Services LLC Acquires 241 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Wealth Enhancement Advisory Services LLC raised its stake in Airbnb, Inc. (NASDAQ:ABNB) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,011 shares of the company’s stock after acquiring an additional 241 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Airbnb were worth $3,679,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Edgewood Management LLC boosted its stake in shares of Airbnb by 9.2% during the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after purchasing an additional 1,143,464 shares in the last quarter. Geode Capital Management LLC boosted its position in Airbnb by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock worth $1,189,635,000 after buying an additional 146,761 shares during the period. Pacer Advisors Inc. grew its holdings in Airbnb by 6,085.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after acquiring an additional 4,172,985 shares during the last quarter. Legal & General Group Plc increased its position in Airbnb by 4.7% in the 2nd quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock valued at $519,044,000 after acquiring an additional 153,784 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Airbnb by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock valued at $343,185,000 after acquiring an additional 52,358 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Price Performance

ABNB stock opened at $127.60 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The business has a 50-day simple moving average of $134.62 and a two-hundred day simple moving average of $132.22. The company has a market capitalization of $80.89 billion, a P/E ratio of 44.77, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period in the previous year, the firm earned $2.39 EPS. Research analysts expect that Airbnb, Inc. will post 3.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ABNB has been the topic of several analyst reports. UBS Group boosted their price objective on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Cantor Fitzgerald reiterated an “underweight” rating and issued a $94.00 price target on shares of Airbnb in a research report on Monday, October 7th. Robert W. Baird raised their price objective on Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Barclays upped their target price on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Finally, Benchmark restated a “buy” rating and set a $155.00 price target on shares of Airbnb in a report on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Airbnb has an average rating of “Hold” and a consensus price target of $139.32.

Insiders Place Their Bets

In other news, insider Nathan Blecharczyk sold 9,603 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the transaction, the insider now owns 164,850 shares in the company, valued at $21,466,767. The trade was a 5.50 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $135.35, for a total value of $94,745.00. Following the sale, the chief technology officer now directly owns 184,714 shares of the company’s stock, valued at $25,001,039.90. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 915,997 shares of company stock valued at $122,800,660 in the last three months. 27.83% of the stock is currently owned by insiders.

About Airbnb

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.