Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Wolff Wiese Magana LLC

Wolff Wiese Magana LLC reduced its stake in Airbnb, Inc. (NASDAQ:ABNB) by 14.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 921 shares of the company’s stock after selling 154 shares during the period. Wolff Wiese Magana LLC’s holdings in Airbnb were worth $121,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in ABNB. Koshinski Asset Management Inc. grew its stake in shares of Airbnb by 3.8% in the third quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $292,000 after buying an additional 85 shares in the last quarter. Edge Capital Group LLC grew its position in Airbnb by 1.2% in the second quarter. Edge Capital Group LLC now owns 7,617 shares of the company’s stock valued at $1,155,000 after acquiring an additional 87 shares in the last quarter. Lazari Capital Management Inc. grew its position in Airbnb by 3.6% in the second quarter. Lazari Capital Management Inc. now owns 2,517 shares of the company’s stock valued at $382,000 after acquiring an additional 88 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Airbnb by 19.3% during the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock worth $74,000 after purchasing an additional 94 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its stake in shares of Airbnb by 2.7% in the third quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock valued at $468,000 after purchasing an additional 97 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 11,635 shares of Airbnb stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the transaction, the director now owns 16,472 shares of the company’s stock, valued at $2,259,958.40. The trade was a 41.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $136.11, for a total transaction of $81,666.00. Following the completion of the sale, the chief technology officer now directly owns 192,844 shares of the company’s stock, valued at $26,247,996.84. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 915,997 shares of company stock valued at $122,800,660 in the last three months. 27.83% of the stock is currently owned by company insiders.

Airbnb Trading Up 3.7 %

NASDAQ:ABNB opened at $132.28 on Wednesday. The stock has a fifty day simple moving average of $134.62 and a 200 day simple moving average of $132.22. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $83.86 billion, a price-to-earnings ratio of 46.41, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the business earned $2.39 earnings per share. Sell-side analysts forecast that Airbnb, Inc. will post 3.99 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wedbush lifted their price target on shares of Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Benchmark reiterated a “buy” rating and issued a $155.00 price target on shares of Airbnb in a research note on Friday, November 8th. Morgan Stanley raised their price objective on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Monday. Robert W. Baird upped their target price on Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their price target on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $139.32.

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.