Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC decreased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 23.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,492 shares of the company’s stock after selling 782 shares during the quarter. Revolve Wealth Partners LLC’s holdings in Airbnb were worth $327,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Northwest Investment Counselors LLC purchased a new stake in shares of Airbnb during the third quarter worth approximately $25,000. Hollencrest Capital Management boosted its stake in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Berbice Capital Management LLC purchased a new stake in shares of Airbnb during the fourth quarter worth $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Airbnb in the third quarter valued at about $30,000. Finally, Quarry LP purchased a new position in shares of Airbnb in the third quarter worth about $55,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Performance

Shares of ABNB stock opened at $128.96 on Tuesday. The company has a market cap of $81.76 billion, a P/E ratio of 45.25, a PEG ratio of 1.80 and a beta of 1.13. The business has a 50 day moving average of $133.90 and a two-hundred day moving average of $130.98. Airbnb, Inc. has a 52 week low of $110.38 and a 52 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 announced its quarterly 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 net margin of 16.96% and a return on equity of 32.88%. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the firm posted $2.39 EPS. As a group, analysts anticipate that Airbnb, Inc. will post 3.98 EPS for the current year.

Insiders Place Their Bets

In other news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total value of $28,088,477.80. Following the completion of the transaction, the director now directly owns 10,321 shares in the company, valued at $1,352,876.68. This trade represents a 95.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $135.47, for a total value of $94,829.00. Following the sale, the chief technology officer now directly owns 183,314 shares in the company, valued at approximately $24,833,547.58. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,157,308 shares of company stock worth $153,981,848. 27.83% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Piper Sandler upped their price objective on shares of Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. DA Davidson upped their price target on Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Cantor Fitzgerald reiterated an “underweight” rating and set a $94.00 price objective on shares of Airbnb in a research report on Monday, October 7th. TD Cowen upped their target price on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. lifted their price target on Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Airbnb has a consensus rating of “Hold” and a consensus target price 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.