Airbnb, Inc. $ABNB Shares Sold by Atria Investments Inc

Atria Investments Inc decreased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 14.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,677 shares of the company’s stock after selling 7,895 shares during the quarter. Atria Investments Inc’s holdings in Airbnb were worth $6,471,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of ABNB. Patton Fund Management Inc. lifted its holdings in Airbnb by 4.3% in the fourth quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock valued at $254,000 after acquiring an additional 77 shares during the period. BOKF NA lifted its holdings in Airbnb by 11.0% in the fourth quarter. BOKF NA now owns 787 shares of the company’s stock valued at $107,000 after acquiring an additional 78 shares during the period. Yoder Wealth Management Inc. lifted its holdings in Airbnb by 0.3% in the fourth quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock valued at $3,582,000 after acquiring an additional 84 shares during the period. Private Advisor Group LLC lifted its holdings in Airbnb by 1.0% in the third quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock valued at $1,007,000 after acquiring an additional 86 shares during the period. Finally, Koshinski Asset Management Inc. lifted its holdings in Airbnb by 4.1% in the third quarter. Koshinski Asset Management Inc. now owns 2,226 shares of the company’s stock valued at $270,000 after acquiring an additional 87 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Trading Down 0.6%

Shares of ABNB stock opened at $132.85 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market cap of $80.07 billion, a price-to-earnings ratio of 32.72, a PEG ratio of 1.43 and a beta of 1.20. The stock has a 50 day simple moving average of $133.56 and a 200-day simple moving average of $129.61. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $147.25.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the firm posted $0.24 earnings per share. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. On average, equities research analysts expect that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Nathan Blecharczyk sold 627 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $145.67, for a total transaction of $91,335.09. Following the completion of the sale, the insider directly owned 11,920 shares in the company, valued at approximately $1,736,386.40. The trade was a 5.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Elinor Mertz sold 3,750 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $143.00, for a total value of $536,250.00. Following the sale, the chief financial officer owned 463,415 shares of the company’s stock, valued at $66,268,345. The trade was a 0.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 459,838 shares of company stock worth $62,185,245. 27.21% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Argus raised Airbnb to a “strong-buy” rating in a research note on Tuesday, February 17th. BMO Capital Markets upped their target price on Airbnb from $130.00 to $140.00 and gave the stock a “market perform” rating in a research note on Friday, February 13th. Royal Bank Of Canada upped their target price on Airbnb from $170.00 to $173.00 and gave the stock a “moderate buy” rating in a research note on Friday, May 8th. Barclays upped their target price on Airbnb from $122.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, JPMorgan Chase & Co. upped their target price on Airbnb from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $157.67.

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.