Wealthspire Advisors LLC Trims Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Wealthspire Advisors LLC reduced its stake in Airbnb, Inc. (NASDAQ:ABNB) by 19.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,253 shares of the company’s stock after selling 3,928 shares during the period. Wealthspire Advisors LLC’s holdings in Airbnb were worth $2,136,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Golden State Wealth Management LLC purchased a new stake in Airbnb during the fourth quarter worth about $25,000. Hollencrest Capital Management increased its stake in 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 purchasing an additional 200 shares during the period. Berbice Capital Management LLC purchased a new stake in Airbnb during the fourth quarter worth about $26,000. Ashton Thomas Securities LLC purchased a new stake in Airbnb during the third quarter worth about $30,000. Finally, Cromwell Holdings LLC increased its stake in Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after purchasing an additional 170 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ABNB shares. Barclays boosted their price target on shares of Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a research note on Friday, February 14th. Evercore ISI upped their target price on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a research note on Wednesday, January 15th. B. Riley upped their target price on shares of Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Truist Financial cut their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research note on Wednesday, December 4th. Finally, Benchmark upped their target price on shares of Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $146.48.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total transaction of $89,705.00. Following the completion of the transaction, the chief technology officer now directly owns 182,614 shares of the company’s stock, valued at approximately $23,401,984.10. This represents a 0.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 183,078 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 164,850 shares of the company’s stock, valued at approximately $26,046,300. This trade represents a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,873,617 shares of company stock valued at $264,834,339. Corporate insiders own 27.83% of the company’s stock.

Airbnb Stock Down 5.9 %

ABNB opened at $146.07 on Monday. The business has a 50 day moving average price of $135.45 and a two-hundred day moving average price of $131.09. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The company has a market cap of $92.10 billion, a PE ratio of 35.37, a P/E/G ratio of 3.74 and a beta of 1.12. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10.

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

Airbnb Company 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.