Baker Tilly Wealth Management LLC Has $233,000 Position in Airbnb, Inc. (NASDAQ:ABNB)

Baker Tilly Wealth Management LLC cut its position in Airbnb, Inc. (NASDAQ:ABNB) by 35.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,836 shares of the company’s stock after selling 1,026 shares during the period. Baker Tilly Wealth Management LLC’s holdings in Airbnb were worth $233,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. bought a new position in Airbnb during the first quarter worth about $215,000. Founders Financial Securities LLC increased its holdings in Airbnb by 7.5% during the 1st quarter. Founders Financial Securities LLC now owns 2,196 shares of the company’s stock worth $362,000 after purchasing an additional 153 shares in the last quarter. Miracle Mile Advisors LLC raised its stake in shares of Airbnb by 0.7% in the 1st quarter. Miracle Mile Advisors LLC now owns 9,339 shares of the company’s stock valued at $1,541,000 after purchasing an additional 68 shares during the period. State of Michigan Retirement System boosted its position in shares of Airbnb by 0.3% during the first quarter. State of Michigan Retirement System now owns 119,300 shares of the company’s stock worth $19,680,000 after buying an additional 300 shares during the period. Finally, Integrity Wealth Solutions LLC bought a new position in shares of Airbnb during the first quarter worth about $307,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total transaction of $71,364.00. Following the completion of the sale, the chief technology officer now owns 198,244 shares in the company, valued at approximately $23,579,141.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Joseph Gebbia sold 42,719 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total value of $5,403,099.12. Following the transaction, the director now owns 16,472 shares of the company’s stock, valued at approximately $2,083,378.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction that occurred 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 directly owns 198,244 shares of the company’s stock, valued at $23,579,141.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 406,171 shares of company stock worth $50,208,253 in the last ninety days. Corporate insiders own 27.83% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on ABNB. Mizuho decreased their price objective on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, September 13th. Argus cut Airbnb from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Deutsche Bank Aktiengesellschaft reduced their target price on Airbnb from $143.00 to $90.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Sanford C. Bernstein cut their price target on Airbnb from $174.00 to $155.00 and set an “outperform” rating for the company in a report on Tuesday, September 17th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Airbnb from $145.00 to $121.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Five analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Airbnb has an average rating of “Hold” and a consensus target price of $135.35.

Airbnb Trading Up 0.9 %

ABNB opened at $135.78 on Tuesday. The company has a market cap of $87.45 billion, a P/E ratio of 18.18, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17. The company has a fifty day moving average price of $125.30 and a two-hundred day moving average price of $138.67. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10.

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