Wedbush Securities Inc. Trims Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Wedbush Securities Inc. decreased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 22.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 5,561 shares of the company’s stock after selling 1,613 shares during the period. Wedbush Securities Inc.’s holdings in Airbnb were worth $731,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new stake in shares of Airbnb in the fourth quarter worth about $25,000. Berbice Capital Management LLC purchased a new position in Airbnb during the fourth quarter valued at approximately $26,000. Graney & King LLC bought a new stake in Airbnb during the 4th quarter worth approximately $32,000. Whipplewood Advisors LLC purchased a new stake in Airbnb in the 4th quarter worth approximately $44,000. Finally, Cromwell Holdings LLC boosted its holdings in Airbnb by 82.5% in the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after purchasing an additional 170 shares during the period. Institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on ABNB. Truist Financial decreased their price target on shares of Airbnb from $123.00 to $112.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Baird R W upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Wedbush reaffirmed an “outperform” rating and issued a $155.00 price target on shares of Airbnb in a report on Tuesday, February 4th. HSBC raised Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Finally, Benchmark raised their target price on shares of Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Airbnb presently has an average rating of “Hold” and a consensus price target of $147.41.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $119.67, for a total transaction of $83,769.00. Following the sale, the chief technology officer now directly owns 170,019 shares of the company’s stock, valued at approximately $20,346,173.73. The trade was a 0.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian Chesky sold 38,461 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $133.19, for a total value of $5,122,620.59. Following the completion of the transaction, the chief executive officer now directly owns 12,460,447 shares of the company’s stock, valued at $1,659,606,935.93. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,030,357 shares of company stock valued at $284,351,868. 27.83% of the stock is currently owned by company insiders.

Airbnb Stock Down 0.3 %

NASDAQ ABNB opened at $106.30 on Tuesday. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $166.74. The stock has a market capitalization of $67.03 billion, a PE ratio of 25.74, a PEG ratio of 3.52 and a beta of 1.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The business’s 50-day moving average is $133.30 and its 200 day moving average is $133.58.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Sell-side analysts forecast that Airbnb, Inc. will post 4.31 earnings per share 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.