Daymark Wealth Partners LLC Purchases 359 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Daymark Wealth Partners LLC grew its position in Airbnb, Inc. (NASDAQ:ABNB) by 20.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,074 shares of the company’s stock after buying an additional 359 shares during the period. Daymark Wealth Partners LLC’s holdings in Airbnb were worth $314,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Transcendent Capital Group LLC acquired a new position in Airbnb in the first quarter valued at approximately $25,000. Trust Co. of Vermont acquired a new position in shares of Airbnb in the 4th quarter valued at $27,000. New Millennium Group LLC bought a new position in shares of Airbnb in the 2nd quarter worth $28,000. Vima LLC acquired a new stake in shares of Airbnb during the fourth quarter worth $29,000. Finally, Cultivar Capital Inc. bought a new stake in Airbnb in the second quarter valued at about $30,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Performance

Shares of ABNB stock opened at $128.25 on Friday. The company has a fifty day moving average price of $123.75 and a two-hundred day moving average price of $143.42. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The stock has a market cap of $82.60 billion, a P/E ratio of 17.17, a P/E/G ratio of 1.72 and a beta of 1.16. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.74 billion. Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the business posted $0.98 earnings per share. As a group, equities analysts predict that Airbnb, Inc. will post 4.39 EPS for the current year.

Wall Street Analysts Forecast Growth

ABNB has been the subject of several analyst reports. TD Cowen decreased their target price on Airbnb from $170.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Robert W. Baird decreased their price objective on shares of Airbnb from $140.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Truist Financial cut their target price on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Wedbush decreased their price target on shares of Airbnb from $165.00 to $135.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Finally, Barclays dropped their price objective on Airbnb from $110.00 to $100.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 7th. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average target price of $134.16.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the sale, the chief technology officer now owns 198,244 shares in the company, valued at approximately $23,579,141.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total value of $71,364.00. Following the transaction, the chief technology officer now owns 198,244 shares in the company, valued at approximately $23,579,141.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Brian Chesky sold 115,385 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $151.95, for a total transaction of $17,532,750.75. Following the sale, the chief executive officer now owns 13,914,302 shares of the company’s stock, valued at $2,114,278,188.90. The disclosure for this sale can be found here. In the last three months, insiders sold 552,989 shares of company stock worth $75,824,030. 27.83% of the stock is owned by company 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.