Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC reduced its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 3.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,392 shares of the company’s stock after selling 134 shares during the period. Axxcess Wealth Management LLC’s holdings in Airbnb were worth $557,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Shellback Capital LP purchased a new stake in Airbnb during the 2nd quarter worth about $22,744,000. J.W. Cole Advisors Inc. increased its position in Airbnb by 86.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after purchasing an additional 2,132 shares during the period. Bradley Foster & Sargent Inc. CT raised its stake in shares of Airbnb by 1,231.3% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 20,741 shares of the company’s stock worth $3,145,000 after buying an additional 19,183 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Airbnb by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 34,324,465 shares of the company’s stock valued at $5,662,164,000 after buying an additional 791,149 shares during the period. Finally, Plato Investment Management Ltd increased its holdings in shares of Airbnb by 2.7% in the 2nd quarter. Plato Investment Management Ltd now owns 13,493 shares of the company’s stock valued at $2,046,000 after purchasing an additional 358 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Down 0.3 %

Shares of NASDAQ:ABNB opened at $132.76 on Thursday. The business’s 50 day simple moving average is $129.90 and its two-hundred day simple moving average is $136.99. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market cap of $85.18 billion, a P/E ratio of 46.58, a PEG ratio of 1.88 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (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 the consensus estimate of $3.72 billion. During the same quarter in the previous year, the company earned $2.39 EPS. As a group, research analysts forecast that Airbnb, Inc. will post 4.04 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Joseph Gebbia sold 42,719 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total transaction of $5,403,099.12. Following the sale, the director now directly owns 16,472 shares in the company, valued at approximately $2,083,378.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $135.33, for a total value of $81,198.00. Following the completion of the sale, the chief technology officer now directly owns 192,244 shares of the company’s stock, valued at $26,016,380.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joseph Gebbia sold 42,719 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total value 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. In the last quarter, insiders have sold 417,806 shares of company stock valued at $51,809,831. 27.83% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ABNB has been the subject of a number of research analyst reports. Piper Sandler raised their price target on Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Citigroup lifted their price target on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research report on Monday. JPMorgan Chase & Co. raised their target price on Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Phillip Securities restated a “reduce” rating and set a $120.00 target price on shares of Airbnb in a research note on Tuesday. Finally, The Goldman Sachs Group dropped their price target on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating for the company in a research note on Thursday, August 8th. Six investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $139.31.

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.