Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Quantum Private Wealth LLC

Quantum Private Wealth LLC lessened its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 1.2% in the 4th quarter, HoldingsChannel reports. The fund owned 12,446 shares of the company’s stock after selling 154 shares during the period. Airbnb accounts for about 0.7% of Quantum Private Wealth LLC’s portfolio, making the stock its 27th biggest holding. Quantum Private Wealth LLC’s holdings in Airbnb were worth $1,694,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Compagnie Lombard Odier SCmA lifted its position in shares of Airbnb by 34.7% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 31,612 shares of the company’s stock worth $4,304,000 after buying an additional 8,140 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Airbnb by 4.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock valued at $1,119,000 after purchasing an additional 333 shares during the last quarter. Nordea Investment Management AB raised its position in Airbnb by 27.5% in the 4th quarter. Nordea Investment Management AB now owns 1,268,390 shares of the company’s stock valued at $172,742,000 after purchasing an additional 273,191 shares during the last quarter. LGT Group Foundation raised its position in Airbnb by 8.1% in the 3rd quarter. LGT Group Foundation now owns 316,545 shares of the company’s stock valued at $43,227,000 after purchasing an additional 23,716 shares during the last quarter. Finally, Cerity Partners LLC raised its position in Airbnb by 14.4% in the 4th quarter. Cerity Partners LLC now owns 95,572 shares of the company’s stock valued at $13,011,000 after purchasing an additional 12,008 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In other news, CEO Brian Chesky sold 3,160 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $142.29, for a total transaction of $449,636.40. Following the transaction, the chief executive officer now directly owns 14,930,137 shares in the company, valued at approximately $2,124,409,193.73. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Brian Chesky sold 3,160 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $142.29, for a total transaction of $449,636.40. Following the transaction, the chief executive officer now directly owns 14,930,137 shares in the company, valued at approximately $2,124,409,193.73. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $163.00, for a total transaction of $97,800.00. Following the transaction, the chief technology officer now owns 144,931 shares in the company, valued at $23,623,753. The disclosure for this sale can be found here. Insiders have sold a total of 490,584 shares of company stock worth $77,302,032 in the last three months. Company insiders own 30.84% of the company’s stock.

Airbnb Trading Up 0.5 %

NASDAQ:ABNB traded up $0.83 on Wednesday, reaching $157.49. The stock had a trading volume of 1,462,011 shares, compared to its average volume of 4,598,231. The company has a market cap of $101.91 billion, a price-to-earnings ratio of 21.64, a P/E/G ratio of 1.99 and a beta of 1.25. Airbnb, Inc. has a 12-month low of $103.55 and a 12-month high of $170.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66. The firm’s fifty day moving average is $158.99 and its two-hundred day moving average is $141.85.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.09. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. Equities analysts expect that Airbnb, Inc. will post 4.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. DA Davidson reiterated a “neutral” rating and issued a $145.00 price target on shares of Airbnb in a research report on Friday, March 15th. Susquehanna upped their price target on shares of Airbnb from $160.00 to $180.00 and gave the stock a “positive” rating in a research note on Wednesday, February 14th. Truist Financial upped their price target on shares of Airbnb from $118.00 to $131.00 and gave the stock a “hold” rating in a research note on Thursday, March 14th. Wells Fargo & Company upped their price target on shares of Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a research note on Monday, April 1st. Finally, Wedbush reaffirmed a “neutral” rating and set a $160.00 price target (up from $150.00) on shares of Airbnb in a research note on Wednesday, February 14th. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Airbnb presently has an average rating of “Hold” and an average target price of $147.58.

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.