Airbnb, Inc. $ABNB Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. decreased its position in Airbnb, Inc. (NASDAQ:ABNB) by 30.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 112,790 shares of the company’s stock after selling 50,484 shares during the period. Hantz Financial Services Inc.’s holdings in Airbnb were worth $13,695,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Airbnb by 70.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after buying an additional 83 shares during the period. Concord Wealth Partners bought a new stake in Airbnb during the 2nd quarter valued at $28,000. Whipplewood Advisors LLC boosted its position in Airbnb by 235.3% during the 2nd quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock worth $30,000 after acquiring an additional 160 shares during the period. Root Financial Partners LLC bought a new position in shares of Airbnb in the third quarter worth $32,000. Finally, NewSquare Capital LLC grew its stake in shares of Airbnb by 86.4% in the second quarter. NewSquare Capital LLC now owns 287 shares of the company’s stock worth $38,000 after purchasing an additional 133 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Trading Down 7.0%

Shares of NASDAQ ABNB opened at $122.07 on Wednesday. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The firm has a 50-day moving average of $130.97 and a two-hundred day moving average of $127.16. The company has a market capitalization of $75.14 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 2.03 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The business had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the firm earned $2.13 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. As a group, research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ABNB shares. Mizuho set a $156.00 price objective on shares of Airbnb in a research note on Friday, November 7th. Royal Bank Of Canada reissued an “outperform” rating on shares of Airbnb in a research note on Wednesday, January 14th. Morgan Stanley upped their price target on shares of Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a research note on Tuesday, January 13th. B. Riley upgraded shares of Airbnb from a “neutral” rating to a “buy” rating and increased their price objective for the company from $140.00 to $170.00 in a report on Monday, January 12th. Finally, Truist Financial raised their price objective on shares of Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a research note on Thursday, December 4th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, twenty have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $148.60.

Insiders Place Their Bets

In other news, insider Nathan Blecharczyk sold 141,063 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $121.96, for a total transaction of $17,204,043.48. Following the completion of the sale, the insider owned 11,520 shares in the company, valued at approximately $1,404,979.20. This represents a 92.45% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction on Monday, November 10th. The stock was sold at an average price of $120.66, for a total value of $28,475,760.00. Following the completion of the transaction, the director owned 232,015 shares in the company, valued at $27,994,929.90. The trade was a 50.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,202,272 shares of company stock worth $148,094,596. 27.83% of the stock is owned by insiders.

Airbnb Company Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.