Wealthspire Advisors LLC Reduces Stake in Airbnb, Inc. (NASDAQ:ABNB)

Wealthspire Advisors LLC reduced its position in Airbnb, Inc. (NASDAQ:ABNB) by 19.5% in the 4th quarter, HoldingsChannel.com reports. 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 reporting period.

Several other hedge funds have also recently bought and sold shares of ABNB. Golden State Wealth Management LLC purchased a new position in Airbnb in the 4th quarter valued at approximately $25,000. Hollencrest Capital Management grew its holdings in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. Berbice Capital Management LLC acquired a new stake in Airbnb during the 4th quarter valued at $26,000. Ashton Thomas Securities LLC acquired a new stake in Airbnb during the 3rd quarter valued at $30,000. Finally, Cromwell Holdings LLC grew its holdings in Airbnb by 82.5% during the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after buying an additional 170 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on ABNB. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a report on Friday, February 14th. HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Phillip Securities reiterated a “reduce” rating and set a $120.00 target price on shares of Airbnb in a report on Tuesday, November 12th. Argus upgraded Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, DA Davidson raised their price objective on Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Airbnb has a consensus rating of “Hold” and a consensus target price of $146.48.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 500 shares of Airbnb stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $136.01, for a total transaction of $68,005.00. Following the sale, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at approximately $25,218,158.14. The trade was a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nathan Blecharczyk sold 183,078 shares of Airbnb stock in a transaction dated 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 sale, the insider now directly owns 164,850 shares in the company, valued at approximately $26,046,300. The trade was a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,873,617 shares of company stock valued at $264,834,339. 27.83% of the stock is currently owned by insiders.

Airbnb Trading Down 5.9 %

NASDAQ:ABNB opened at $146.07 on Monday. The business’s 50-day moving average is $135.45 and its two-hundred day moving average is $131.09. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The firm has a market capitalization of $92.10 billion, a PE ratio of 35.37, a price-to-earnings-growth ratio of 3.74 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last released 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%. Research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal 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.