Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Sigma Planning Corp

Sigma Planning Corp decreased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 10.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,929 shares of the company’s stock after selling 474 shares during the quarter. Sigma Planning Corp’s holdings in Airbnb were worth $535,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Airbnb by 43.0% in the third quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock valued at $4,697,896,000 after purchasing an additional 10,301,746 shares during the period. Northern Trust Corp increased its stake in shares of Airbnb by 41.3% in the third quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock valued at $598,745,000 after purchasing an additional 1,276,456 shares during the period. Legal & General Group Plc increased its stake in shares of Airbnb by 5.0% in the third quarter. Legal & General Group Plc now owns 2,568,807 shares of the company’s stock valued at $352,466,000 after purchasing an additional 121,651 shares during the period. Alphinity Investment Management Pty Ltd increased its stake in shares of Airbnb by 48.3% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 2,496,885 shares of the company’s stock valued at $339,926,000 after purchasing an additional 813,074 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Airbnb by 69.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,301,395 shares of the company’s stock valued at $315,774,000 after purchasing an additional 943,520 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ABNB. Tigress Financial raised their price objective on shares of Airbnb from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Benchmark began coverage on shares of Airbnb in a research note on Thursday, April 11th. They set a “buy” rating and a $190.00 price objective on the stock. Wedbush reiterated a “neutral” rating and set a $160.00 price objective on shares of Airbnb in a research note on Thursday, April 18th. Truist Financial raised their price objective on shares of Airbnb from $118.00 to $131.00 and gave the company a “hold” rating in a research note on Thursday, March 14th. Finally, BMO Capital Markets raised their price objective on shares of Airbnb from $134.00 to $135.00 and gave the company a “market perform” rating in a research note on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $149.19.

Insider Buying and Selling

In other Airbnb news, insider Nathan Blecharczyk sold 60,000 shares of Airbnb stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $146.58, for a total transaction of $8,794,800.00. Following the completion of the sale, the insider now owns 473,762 shares of the company’s stock, valued at approximately $69,444,033.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Airbnb news, insider Nathan Blecharczyk sold 60,000 shares of Airbnb stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $146.58, for a total transaction of $8,794,800.00. Following the completion of the sale, the insider now owns 473,762 shares of the company’s stock, valued at approximately $69,444,033.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Aristotle N. Balogh sold 78,682 shares of Airbnb stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the sale, the chief technology officer now directly owns 144,331 shares of the company’s stock, valued at approximately $24,435,238.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 456,274 shares of company stock valued at $72,410,859. Company insiders own 30.84% of the company’s stock.

Airbnb Trading Up 0.1 %

Airbnb stock opened at $163.01 on Friday. The company has a 50 day moving average price of $160.20 and a 200 day moving average price of $143.17. Airbnb, Inc. has a 52 week low of $103.55 and a 52 week high of $170.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a market capitalization of $105.48 billion, a price-to-earnings ratio of 22.52, a P/E/G ratio of 2.06 and a beta of 1.25.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. Research analysts forecast that Airbnb, Inc. will post 4.64 EPS for the current year.

Airbnb 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.