Airbnb, Inc. (NASDAQ:ABNB) Position Trimmed by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC trimmed its stake in Airbnb, Inc. (NASDAQ:ABNB) by 6.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,913 shares of the company’s stock after selling 2,494 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Airbnb were worth $4,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb during the 4th quarter valued at about $25,000. Berbice Capital Management LLC bought a new stake in Airbnb in the fourth quarter worth $26,000. Graney & King LLC acquired a new position in Airbnb during the fourth quarter worth $32,000. Whipplewood Advisors LLC acquired a new stake in shares of Airbnb in the fourth quarter worth about $44,000. Finally, Cromwell Holdings LLC boosted its position in Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after purchasing an additional 170 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ABNB. HSBC raised shares of Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Morgan Stanley increased their target price on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Jefferies Financial Group raised Airbnb from a “hold” rating to a “buy” rating and lifted their price target for the stock from $165.00 to $185.00 in a research report on Monday, March 10th. Canaccord Genuity Group increased their price objective on Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, B. Riley boosted their target price on shares of Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and an average target price of $147.36.

Insider Buying and Selling at Airbnb

In other news, CEO Brian Chesky sold 38,461 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $135.82, for a total transaction of $5,223,773.02. Following the transaction, the chief executive officer now owns 12,498,908 shares of the company’s stock, valued at $1,697,601,684.56. This represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $161.05, for a total value of $112,735.00. Following the sale, the chief technology officer now directly owns 180,514 shares of the company’s stock, valued at $29,071,779.70. This represents a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,270,894 shares of company stock worth $317,578,168. Insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

Airbnb stock opened at $120.69 on Monday. The stock has a 50-day simple moving average of $135.29 and a 200 day simple moving average of $133.83. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $166.74. The stock has a market capitalization of $76.10 billion, a price-to-earnings ratio of 29.22, a P/E/G ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. On average, research analysts anticipate 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.