Prospera Private Wealth LLC Purchases 432 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Prospera Private Wealth LLC boosted its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 30.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,832 shares of the company’s stock after buying an additional 432 shares during the period. Prospera Private Wealth LLC’s holdings in Airbnb were worth $232,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Farrow Financial Inc. lifted its stake in shares of Airbnb by 1.0% in the 2nd quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock valued at $1,087,000 after purchasing an additional 69 shares during the last quarter. GYL Financial Synergies LLC lifted its stake in shares of Airbnb by 5.0% in the 2nd quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock valued at $241,000 after purchasing an additional 76 shares during the last quarter. HB Wealth Management LLC lifted its stake in shares of Airbnb by 1.6% in the 2nd quarter. HB Wealth Management LLC now owns 4,938 shares of the company’s stock valued at $749,000 after purchasing an additional 76 shares during the last quarter. Optas LLC lifted its stake in shares of Airbnb by 4.5% during the 2nd quarter. Optas LLC now owns 1,829 shares of the company’s stock worth $277,000 after acquiring an additional 78 shares during the last quarter. Finally, Sage Mountain Advisors LLC lifted its stake in shares of Airbnb by 1.1% during the 2nd quarter. Sage Mountain Advisors LLC now owns 7,341 shares of the company’s stock worth $1,113,000 after acquiring an additional 79 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $135.33, for a total transaction of $81,198.00. Following the transaction, the chief technology officer now directly owns 192,244 shares in the company, valued at $26,016,380.52. This represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Gebbia sold 11,635 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total value of $1,596,322.00. Following the sale, the director now directly owns 16,472 shares in the company, valued at $2,259,958.40. This represents a 41.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 417,206 shares of company stock worth $51,738,467 over the last ninety days. Corporate insiders own 27.83% of the company’s stock.

Airbnb Trading Up 2.9 %

ABNB opened at $135.25 on Thursday. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The stock has a market capitalization of $85.74 billion, a PE ratio of 47.46, a P/E/G ratio of 1.87 and a beta of 1.15. The business’s 50 day moving average price is $132.02 and its 200 day moving average price is $136.05. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the company posted $2.39 earnings per share. As a group, equities research analysts expect that Airbnb, Inc. will post 4.04 EPS for the current year.

Wall Street Analyst Weigh In

ABNB has been the subject of a number of research analyst reports. Truist Financial decreased their price target on Airbnb from $134.00 to $124.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. B. Riley reduced their price objective on Airbnb from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. BMO Capital Markets reduced their price objective on Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. Piper Sandler raised their price objective on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Bank of America restated a “hold” rating and set a $142.00 price objective (up from $132.00) on shares of Airbnb in a report on Friday, October 11th. Six equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $138.97.

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.