Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Abound Wealth Management

Abound Wealth Management trimmed its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 3.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,233 shares of the company’s stock after selling 124 shares during the period. Abound Wealth Management’s holdings in Airbnb were worth $425,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ABNB. Northwest Investment Counselors LLC acquired a new stake in Airbnb during the third quarter valued at approximately $25,000. Hollencrest Capital Management grew its holdings in shares of Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Airbnb in the 3rd quarter worth approximately $30,000. Meeder Asset Management Inc. boosted its position in Airbnb by 73.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 375 shares of the company’s stock valued at $57,000 after purchasing an additional 159 shares during the period. Finally, Quarry LP bought a new position in Airbnb during the 3rd quarter worth $55,000. 80.76% of the stock is currently owned by institutional investors.

Insider Activity at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the completion of the transaction, the director now directly owns 10,321 shares in the company, valued at $1,352,876.68. The trade was a 95.40 % decrease in their ownership of the stock. The sale was disclosed in a 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 on Tuesday, October 22nd. The stock was sold at an average price of $136.11, for a total transaction of $81,666.00. Following the transaction, the chief technology officer now directly owns 192,844 shares in the company, valued at $26,247,996.84. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 916,597 shares of company stock valued at $122,880,766. Insiders own 27.83% of the company’s stock.

Airbnb Stock Down 0.7 %

ABNB traded down $0.85 during trading on Monday, reaching $128.78. 2,282,547 shares of the stock traded hands, compared to its average volume of 3,476,358. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The stock’s 50-day simple moving average is $134.98 and its two-hundred day simple moving average is $132.55. The stock has a market cap of $81.64 billion, a price-to-earnings ratio of 45.19, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter in the prior year, the company posted $2.39 EPS. As a group, equities research analysts expect that Airbnb, Inc. will post 3.99 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Bank of America increased their price objective on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Cantor Fitzgerald reissued an “underweight” rating and issued a $94.00 price objective on shares of Airbnb in a report on Monday, October 7th. DA Davidson lifted their target price on Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Robert W. Baird increased their price target on Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Benchmark restated a “buy” rating and set a $155.00 price objective on shares of Airbnb in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $139.32.

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.