TriaGen Wealth Management LLC Purchases 2,492 Shares of Airbnb, Inc. (NASDAQ:ABNB)

TriaGen Wealth Management LLC grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 17.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,712 shares of the company’s stock after purchasing an additional 2,492 shares during the quarter. TriaGen Wealth Management LLC’s holdings in Airbnb were worth $2,119,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Massmutual Trust Co. FSB ADV boosted its position in shares of Airbnb by 29.7% during the first quarter. Massmutual Trust Co. FSB ADV now owns 794 shares of the company’s stock worth $131,000 after acquiring an additional 182 shares during the last quarter. Wedmont Private Capital boosted its position in shares of Airbnb by 11.8% during the first quarter. Wedmont Private Capital now owns 3,321 shares of the company’s stock worth $540,000 after acquiring an additional 351 shares during the last quarter. Park Avenue Securities LLC boosted its position in shares of Airbnb by 4.6% during the first quarter. Park Avenue Securities LLC now owns 11,770 shares of the company’s stock worth $1,942,000 after acquiring an additional 520 shares during the last quarter. Marcum Wealth LLC bought a new position in shares of Airbnb during the first quarter worth $216,000. Finally, RFG Advisory LLC bought a new position in shares of Airbnb during the first quarter worth $414,000. 80.76% of the stock is currently owned by institutional investors.

Airbnb Stock Performance

ABNB stock traded up $0.43 during trading on Friday, reaching $136.45. The company had a trading volume of 2,391,131 shares, compared to its average volume of 4,449,886. The firm has a 50-day simple moving average of $123.17 and a 200-day simple moving average of $140.08. The company has a market cap of $87.88 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same period last year, the firm earned $0.98 earnings per share. Airbnb’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, sell-side analysts expect that Airbnb, Inc. will post 4.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of recent research reports. Piper Sandler decreased their price target on shares of Airbnb from $155.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research note on Wednesday, August 7th. Truist Financial decreased their price target on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. JPMorgan Chase & Co. decreased their price target on shares of Airbnb from $145.00 to $121.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Finally, Bank of America reaffirmed a “hold” rating and set a $142.00 price target (up previously from $132.00) on shares of Airbnb in a research note on Friday, October 11th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $134.55.

Insider Activity

In other news, CEO Brian Chesky sold 115,385 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $149.11, for a total transaction of $17,205,057.35. Following the transaction, the chief executive officer now owns 13,798,917 shares of the company’s stock, valued at approximately $2,057,556,513.87. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $126.57, for a total transaction of $75,942.00. Following the sale, the chief technology officer now directly owns 205,774 shares in the company, valued at approximately $26,044,815.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Chesky sold 115,385 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $149.11, for a total transaction of $17,205,057.35. Following the sale, the chief executive officer now owns 13,798,917 shares in the company, valued at $2,057,556,513.87. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 600,956 shares of company stock valued at $79,260,444. 27.83% of the stock is currently owned by insiders.

Airbnb Company 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.