Wilmington Savings Fund Society FSB Invests $648,000 in Airbnb, Inc. (NASDAQ:ABNB)

Wilmington Savings Fund Society FSB bought a new stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 5,112 shares of the company's stock, valued at approximately $648,000.

Several other institutional investors have also recently modified their holdings of ABNB. Brookstone Capital Management boosted its holdings in shares of Airbnb by 14.8% in the 2nd quarter. Brookstone Capital Management now owns 2,220 shares of the company's stock valued at $329,000 after purchasing an additional 287 shares during the last quarter. Zhang Financial LLC raised its stake in shares of Airbnb by 10.7% in the 2nd quarter. Zhang Financial LLC now owns 3,234 shares of the company's stock valued at $490,000 after purchasing an additional 313 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Airbnb by 55.7% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 2,030 shares of the company's stock valued at $308,000 after acquiring an additional 726 shares during the last quarter. Dakota Wealth Management grew its stake in Airbnb by 23.4% during the 2nd quarter. Dakota Wealth Management now owns 9,011 shares of the company's stock worth $1,366,000 after buying an additional 1,709 shares during the last quarter. Finally, Pallas Capital Advisors LLC lifted its stake in Airbnb by 11.7% in the second quarter. Pallas Capital Advisors LLC now owns 8,917 shares of the company's stock valued at $1,310,000 after buying an additional 931 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Brian Chesky sold 230,769 shares of Airbnb stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the transaction, the chief executive officer now directly owns 13,315,912 shares of the company's stock, valued at $1,597,909,440. This trade represents a 1.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO David C. Bernstein sold 1,000 shares of the business's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the transaction, the chief accounting officer now owns 40,581 shares of the company's stock, valued at approximately $5,559,597. This trade represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 787,926 shares of company stock worth $101,440,343 over the last ninety days. Corporate insiders own 27.83% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on ABNB shares. Piper Sandler increased their price objective on shares of Airbnb from $125.00 to $145.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Wedbush raised their price target on shares of Airbnb from $135.00 to $155.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. JMP Securities reiterated a "market perform" rating on shares of Airbnb in a research report on Monday. Barclays raised their target price on Airbnb from $100.00 to $110.00 and gave the company an "underweight" rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group boosted their price target on Airbnb from $120.00 to $135.00 and gave the stock a "hold" rating in a research report on Tuesday, October 22nd. Six equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $138.94.

Airbnb Stock Up 1.0 %

Shares of NASDAQ:ABNB traded up $1.25 during trading on Monday, hitting $132.20. The stock had a trading volume of 4,135,825 shares, compared to its average volume of 4,517,989. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The firm's fifty day moving average is $135.91 and its 200 day moving average is $134.69. The company has a market capitalization of $83.81 billion, a PE ratio of 45.95, a PEG ratio of 1.93 and a beta of 1.13. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data 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). 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 the consensus estimate of $3.72 billion. During the same period last year, the company posted $2.39 earnings per share. Analysts anticipate that Airbnb, Inc. will post 3.99 EPS 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.