Souders Financial Advisors Reduces Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Souders Financial Advisors trimmed its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 30.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,281 shares of the company’s stock after selling 1,449 shares during the period. Souders Financial Advisors’ holdings in Airbnb were worth $431,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of ABNB. Golden State Wealth Management LLC purchased a new stake in Airbnb in the 4th quarter worth approximately $25,000. Berbice Capital Management LLC purchased a new stake in Airbnb in the 4th quarter worth approximately $26,000. Hollencrest Capital Management grew its stake in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the period. Ashton Thomas Securities LLC purchased a new stake in Airbnb in the 3rd quarter worth approximately $30,000. Finally, Whipplewood Advisors LLC purchased a new stake in Airbnb in the 4th quarter worth approximately $44,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $131.87, for a total value of $2,637,400.00. Following the sale, the chief technology officer now owns 185,414 shares in the company, valued at approximately $24,450,544.18. This trade represents a 9.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Brian Chesky sold 38,461 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $137.49, for a total transaction of $5,288,002.89. Following the completion of the sale, the chief executive officer now owns 12,577,839 shares in the company, valued at $1,729,327,084.11. The trade was a 0.30 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,087,020 shares of company stock worth $295,392,297. 27.83% of the stock is owned by company insiders.

Analyst Ratings Changes

ABNB has been the subject of several research reports. B. Riley boosted their price objective on shares of Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Hsbc Global Res raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Susquehanna boosted their price objective on shares of Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a research note on Tuesday, February 18th. Canaccord Genuity Group boosted their price objective on shares of Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Bank of America boosted their price objective on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and an average price target of $146.48.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $142.58 on Thursday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm has a 50-day simple moving average of $136.93 and a 200 day simple moving average of $132.43. The company has a market cap of $89.90 billion, a PE ratio of 34.52, a P/E/G ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating 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%. On average, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

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.