Airbnb, Inc. $ABNB Stock Purchased by ZWJ Investment Counsel Inc.

ZWJ Investment Counsel Inc. lifted its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 16.5% during the third quarter, Holdings Channel.com reports. The institutional investor owned 85,116 shares of the company’s stock after acquiring an additional 12,025 shares during the quarter. ZWJ Investment Counsel Inc.’s holdings in Airbnb were worth $13,674,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Mather Group LLC. lifted its holdings in Airbnb by 11.2% during the third quarter. Mather Group LLC. now owns 2,081 shares of the company’s stock worth $334,000 after acquiring an additional 209 shares during the period. Western Financial Corp CA bought a new position in Airbnb in the 3rd quarter valued at $1,816,000. Seelaus Asset Management LLC grew its stake in Airbnb by 45.3% in the 3rd quarter. Seelaus Asset Management LLC now owns 2,696 shares of the company’s stock valued at $433,000 after purchasing an additional 840 shares during the period. First Citizens Bank & Trust Co. bought a new position in Airbnb in the 3rd quarter valued at $1,215,000. Finally, Signal Advisors Wealth LLC purchased a new stake in shares of Airbnb during the 3rd quarter valued at $383,000. 80.76% of the stock is owned by institutional investors.

Insider Buying and Selling at Airbnb

In other news, insider Nathan Blecharczyk sold 13,615 shares of the company’s stock in a transaction on Monday, October 12th. The stock was sold at an average price of $165.18, for a total transaction of $2,248,925.70. Following the transaction, the insider owned 20,567 shares of the company’s stock, valued at $3,397,257.06. This represents a 39.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO David C. Bernstein sold 1,489 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $168.93, for a total value of $251,536.77. Following the transaction, the chief accounting officer owned 47,024 shares of the company’s stock, valued at $7,943,764.32. The trade was a 3.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 1,562,961 shares of company stock worth $271,146,941. Corporate insiders own 27.21% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ABNB. Evercore set a $200.00 target price on Airbnb in a research report on Monday, August 24th. Raymond James Financial raised shares of Airbnb from a “market perform” rating to an “outperform” rating and set a $200.00 price target on the stock in a report on Tuesday, September 8th. Citizens Jmp increased their price target on shares of Airbnb from $190.00 to $200.00 and gave the company a “market outperform” rating in a research report on Friday, September 18th. Rosenblatt Securities started coverage on shares of Airbnb in a report on Tuesday, September 1st. They set a “buy” rating and a $220.00 price objective for the company. Finally, DA Davidson raised their price objective on shares of Airbnb from $175.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, August 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, thirteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $181.93.

Airbnb Trading Up 0.9%

NASDAQ:ABNB opened at $167.06 on Thursday. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $193.45. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32. The firm’s 50 day moving average is $172.51 and its 200 day moving average is $150.75. The stock has a market capitalization of $100.03 billion, a PE ratio of 37.97, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.11. Airbnb had a return on equity of 33.38% and a net margin of 20.45%. The business had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same period in the prior year, the company earned $1.03 earnings per share. Airbnb’s revenue was up 16.3% compared to the same quarter last year. Sell-side analysts expect that Airbnb, Inc. will post 5.28 earnings per share for the current year.

Airbnb Profile

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel-related experiences with hosts offering homes, apartments, rooms and other lodging options. The company’s platform supports booking and managing stays in a wide range of destinations, from major cities to rural and resort areas.

In addition to accommodations, Airbnb offers experiences hosted by local residents, including activities, tours and cultural events. The company has also expanded its platform to include services in select markets, such as offerings related to hospitality, wellness, food and other travel needs.