Waldron Private Wealth LLC Sells 112 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Waldron Private Wealth LLC lessened its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,007 shares of the company’s stock after selling 112 shares during the period. Waldron Private Wealth LLC’s holdings in Airbnb were worth $2,030,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Transcendent Capital Group LLC bought a new position in Airbnb in the first quarter worth approximately $25,000. New Millennium Group LLC purchased a new stake in shares of Airbnb in the 2nd quarter worth $28,000. Northwest Investment Counselors LLC bought a new position in Airbnb in the 1st quarter worth $33,000. Heritage Wealth Advisors lifted its position in Airbnb by 55.0% during the first quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock valued at $33,000 after purchasing an additional 71 shares in the last quarter. Finally, Pathway Financial Advisers LLC bought a new stake in Airbnb during the first quarter valued at about $33,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

ABNB has been the topic of several recent research reports. Barclays decreased their price objective on Airbnb from $110.00 to $100.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 7th. UBS Group decreased their target price on shares of Airbnb from $160.00 to $134.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Argus lowered shares of Airbnb from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Bank of America restated a “hold” rating and set a $142.00 price objective (up from $132.00) on shares of Airbnb in a research report on Friday, October 11th. Finally, Jefferies Financial Group lifted their target price on shares of Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Tuesday. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $135.03.

Airbnb Trading Down 1.3 %

Shares of ABNB traded down $1.76 during mid-day trading on Tuesday, reaching $135.43. 1,245,169 shares of the company’s stock traded hands, compared to its average volume of 4,426,261. 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 stock’s 50-day moving average is $123.64 and its two-hundred day moving average is $139.65. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The stock has a market cap of $87.22 billion, a P/E ratio of 18.21, a P/E/G ratio of 1.83 and a beta of 1.17.

Airbnb (NASDAQ:ABNB) last released its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the business earned $0.98 EPS. Research analysts forecast that Airbnb, Inc. will post 4.33 earnings per share for the current fiscal year.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the business’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 completion of the sale, the chief technology officer now owns 198,244 shares in the company, valued at approximately $23,579,141.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the completion of the sale, the chief technology officer now directly owns 198,244 shares in the company, valued at $23,579,141.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Joseph Gebbia sold 42,719 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total transaction of $5,403,099.12. Following the transaction, the director now owns 16,472 shares in the company, valued at approximately $2,083,378.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 405,571 shares of company stock worth $50,126,587 in the last 90 days. 27.83% of the stock is owned by corporate insiders.

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.