Larson Financial Group LLC Has $26,000 Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Larson Financial Group LLC lowered its stake in Airbnb, Inc. (NASDAQ:ABNB) by 92.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 189 shares of the company’s stock after selling 2,201 shares during the period. Larson Financial Group LLC’s holdings in Airbnb were worth $26,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of ABNB. Vanguard Group Inc. raised its stake in shares of Airbnb by 43.0% during the third quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock valued at $4,697,896,000 after acquiring an additional 10,301,746 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Airbnb during the third quarter valued at $235,338,000. Northern Trust Corp raised its stake in shares of Airbnb by 41.3% during the third quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock valued at $598,745,000 after acquiring an additional 1,276,456 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Airbnb by 69.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,301,395 shares of the company’s stock valued at $315,774,000 after acquiring an additional 943,520 shares during the last quarter. Finally, Alphinity Investment Management Pty Ltd raised its stake in shares of Airbnb by 48.3% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 2,496,885 shares of the company’s stock valued at $339,926,000 after acquiring an additional 813,074 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Insider Activity

In other news, CEO Brian Chesky sold 76,912 shares of Airbnb stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $147.79, for a total transaction of $11,366,824.48. Following the completion of the transaction, the chief executive officer now directly owns 14,545,529 shares in the company, valued at $2,149,683,730.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Brian Chesky sold 76,912 shares of the business’s stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $147.79, for a total transaction of $11,366,824.48. Following the transaction, the chief executive officer now directly owns 14,545,529 shares in the company, valued at $2,149,683,730.91. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nathan Blecharczyk sold 60,000 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $146.58, for a total transaction of $8,794,800.00. Following the transaction, the insider now owns 473,762 shares in the company, valued at $69,444,033.96. The disclosure for this sale can be found here. Insiders sold 456,274 shares of company stock worth $72,410,859 over the last three months. 30.84% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ABNB shares. Barclays raised their price target on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Monday, January 29th. UBS Group lowered their target price on shares of Airbnb from $148.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. Susquehanna lifted their target price on shares of Airbnb from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Wednesday, February 14th. BMO Capital Markets lifted their target price on shares of Airbnb from $134.00 to $135.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 14th. Finally, Piper Sandler lifted their target price on shares of Airbnb from $136.00 to $145.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $149.19.

Airbnb Stock Up 0.7 %

Shares of NASDAQ ABNB opened at $164.23 on Friday. The stock has a market capitalization of $106.27 billion, a P/E ratio of 22.68, a P/E/G ratio of 2.08 and a beta of 1.25. The company has a 50-day moving average price of $160.44 and a 200-day moving average price of $143.42. Airbnb, Inc. has a 1 year low of $103.55 and a 1 year high of $170.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. On average, equities research analysts forecast that Airbnb, Inc. will post 4.65 EPS for the current fiscal year.

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.