Airbnb, Inc. (NASDAQ:ABNB) Stake Lowered by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT trimmed its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 8.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,535 shares of the company’s stock after selling 1,886 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in Airbnb were worth $2,830,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of ABNB. Salvus Wealth Management LLC increased its holdings in Airbnb by 2.5% during the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after purchasing an additional 84 shares in the last quarter. Koshinski Asset Management Inc. increased 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. First Horizon Advisors Inc. raised its holdings in shares of Airbnb by 19.3% in the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock valued at $74,000 after buying an additional 94 shares during the last quarter. Kingsview Wealth Management LLC lifted its position in Airbnb by 2.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock worth $468,000 after buying an additional 97 shares in the last quarter. Finally, Private Trust Co. NA grew its holdings in Airbnb by 9.9% during the 3rd quarter. Private Trust Co. NA now owns 1,121 shares of the company’s stock worth $142,000 after acquiring an additional 101 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the sale, the director now directly owns 10,321 shares in the company, valued at approximately $1,352,876.68. The trade was a 95.40 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nathan Blecharczyk sold 9,603 shares of Airbnb stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the transaction, the insider now directly owns 164,850 shares of the company’s stock, valued at $21,466,767. This represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,372,293 shares of company stock valued at $181,759,318 in the last three months. 27.83% of the stock is currently owned by company insiders.

Airbnb Stock Down 1.1 %

NASDAQ ABNB opened at $129.78 on Tuesday. The stock has a market cap of $82.28 billion, a PE ratio of 45.54, a P/E/G ratio of 1.72 and a beta of 1.13. The business has a 50 day moving average price of $133.47 and a two-hundred day moving average price of $130.39. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the business earned $2.39 earnings per share. As a group, sell-side analysts predict that Airbnb, Inc. will post 3.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on ABNB shares. Piper Sandler upped their target price on shares of Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. UBS Group lifted their target price on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Truist Financial cut their price target on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research note on Wednesday, December 4th. Phillip Securities reaffirmed a “reduce” rating and set a $120.00 price objective on shares of Airbnb in a research note on Tuesday, November 12th. Finally, Cantor Fitzgerald reissued an “underweight” rating and issued a $94.00 target price on shares of Airbnb in a research note on Monday, October 7th. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $139.63.

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.