Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC cut its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 12.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 880 shares of the company’s stock after selling 120 shares during the period. EverSource Wealth Advisors LLC’s holdings in Airbnb were worth $116,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of ABNB. Golden State Wealth Management LLC acquired a new position in Airbnb in the fourth quarter valued at approximately $25,000. Berbice Capital Management LLC acquired a new position in Airbnb during the 4th quarter valued at approximately $26,000. Whipplewood Advisors LLC bought a new position in Airbnb during the 4th quarter worth $44,000. Cromwell Holdings LLC grew its stake in Airbnb by 82.5% during the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after buying an additional 170 shares during the last quarter. Finally, Quarry LP acquired a new stake in Airbnb in the third quarter worth $55,000. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Up 3.3 %

Shares of Airbnb stock opened at $126.94 on Tuesday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a market cap of $80.04 billion, a P/E ratio of 30.74, a P/E/G ratio of 3.52 and a beta of 1.10. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average price of $136.06 and a 200 day moving average price of $133.14.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently commented on ABNB. HSBC upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Wells Fargo & Company decreased their target price on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Susquehanna lifted their price target on Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a report on Tuesday, February 18th. JMP Securities reissued a “market perform” rating on shares of Airbnb in a report on Friday, February 14th. Finally, Barclays raised their target price on Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a research report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $148.15.

Insider Buying and Selling at Airbnb

In related news, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $133.58, for a total transaction of $5,137,620.38. Following the completion of the sale, the chief executive officer now owns 12,537,369 shares of the company’s stock, valued at approximately $1,674,741,751.02. This trade represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nathan Blecharczyk sold 183,078 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the completion of the transaction, the insider now directly owns 164,850 shares in the company, valued at approximately $26,046,300. The trade was a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,055,209 shares of company stock valued at $289,943,548 in the last quarter. Company insiders own 27.83% of the company’s stock.

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.