Alliance Wealth Advisors LLC UT Has $2.83 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Alliance Wealth Advisors LLC UT decreased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 8.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,535 shares of the company’s stock after selling 1,886 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Airbnb were worth $2,830,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new stake in shares of Airbnb in the 3rd quarter valued at about $25,000. Berbice Capital Management LLC acquired a new position in shares of Airbnb in the 4th quarter worth approximately $26,000. Hollencrest Capital Management increased its position in shares of Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after buying an additional 200 shares during the period. Ashton Thomas Securities LLC bought a new position in Airbnb during the third quarter worth $30,000. Finally, Quarry LP bought a new stake in shares of Airbnb during the 3rd quarter valued at about $55,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ABNB has been the subject of several research analyst reports. Evercore ISI lifted their price target on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. JPMorgan Chase & Co. upped their target price on Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Phillip Securities reissued a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a research report on Tuesday, November 12th. Morgan Stanley raised their price objective on shares of Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Finally, Cantor Fitzgerald reissued an “underweight” rating and set a $94.00 target price on shares of Airbnb in a research report on Monday, October 7th. Six equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $139.63.

Airbnb Stock Down 1.1 %

NASDAQ:ABNB opened at $129.78 on Tuesday. The company has a market cap of $82.28 billion, a PE ratio of 45.54, a P/E/G ratio of 1.72 and a beta of 1.13. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The firm’s 50 day simple moving average is $133.47 and its 200 day simple moving average is $130.39. 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 (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the business posted $2.39 earnings per share. On average, research analysts anticipate that Airbnb, Inc. will post 3.98 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Brian Chesky sold 76,923 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the transaction, the chief executive officer now directly owns 12,616,300 shares in the company, valued at approximately $1,765,525,022. This represents a 0.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total value of $89,705.00. Following the sale, the chief technology officer now directly owns 182,614 shares of the company’s stock, valued at approximately $23,401,984.10. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,372,293 shares of company stock worth $181,759,318 in the last 90 days. 27.83% of the stock is owned by company insiders.

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.