Keudell Morrison Wealth Management Has $460,000 Stake in Airbnb, Inc. (NASDAQ:ABNB)

Keudell Morrison Wealth Management lowered its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 3.7% in the third quarter, Holdings Channel reports. The firm owned 3,628 shares of the company’s stock after selling 139 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Airbnb were worth $460,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Larson Financial Group LLC increased its position in shares of Airbnb by 418.5% in the first quarter. Larson Financial Group LLC now owns 980 shares of the company’s stock valued at $162,000 after acquiring an additional 791 shares during the last quarter. Csenge Advisory Group acquired a new position in shares of Airbnb during the 1st quarter worth approximately $303,000. Texas Permanent School Fund Corp raised its stake in shares of Airbnb by 0.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 90,033 shares of the company’s stock worth $14,852,000 after purchasing an additional 272 shares in the last quarter. Advisory Services Network LLC boosted its holdings in shares of Airbnb by 26.4% in the 1st quarter. Advisory Services Network LLC now owns 33,011 shares of the company’s stock valued at $5,445,000 after buying an additional 6,901 shares during the last quarter. Finally, Empirical Finance LLC bought a new position in shares of Airbnb in the first quarter valued at $339,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. B. Riley decreased their price objective on shares of Airbnb from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Piper Sandler dropped their price objective on Airbnb from $155.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Jefferies Financial Group lifted their target price on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Barclays reduced their price objective on shares of Airbnb from $110.00 to $100.00 and set an “underweight” rating for the company in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada dropped their price objective on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $135.35.

Insider Buying and Selling

In other news, Director Joseph Gebbia sold 11,635 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the completion of the transaction, the director now directly owns 16,472 shares in the company, valued at $2,259,958.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CTO Aristotle N. Balogh sold 600 shares of the firm’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 transaction, the chief technology officer now owns 198,244 shares in the company, valued at $23,579,141.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph Gebbia sold 11,635 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the transaction, the director now directly owns 16,472 shares in the company, valued at $2,259,958.40. The trade was 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 417,806 shares of company stock worth $51,809,831 in the last ninety days. Company insiders own 27.83% of the company’s stock.

Airbnb Price Performance

Shares of NASDAQ ABNB traded up $4.19 during mid-day trading on Thursday, hitting $145.10. 1,255,634 shares of the stock traded hands, compared to its average volume of 4,373,039. The company has a market cap of $93.10 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 1.93 and a beta of 1.15. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a 50 day simple moving average of $127.71 and a two-hundred day simple moving average of $137.79.

Airbnb (NASDAQ:ABNB) last released its quarterly 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). The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.74 billion. Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 earnings per share. As a group, equities research analysts forecast that Airbnb, Inc. will post 4.17 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.