Nisa Investment Advisors LLC Sells 43,404 Shares of Airbnb, Inc. $ABNB

Nisa Investment Advisors LLC reduced its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 69.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 19,260 shares of the company’s stock after selling 43,404 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Airbnb were worth $2,614,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ABNB. Aster Capital Management DIFC Ltd bought a new position in Airbnb during the 3rd quarter worth $25,000. ORG Partners LLC boosted its position in shares of Airbnb by 97.0% in the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after acquiring an additional 96 shares during the period. Sunbelt Securities Inc. boosted its position in shares of Airbnb by 397.7% in the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares during the period. Wiser Advisor Group LLC acquired a new position in shares of Airbnb in the third quarter valued at about $27,000. Finally, Aventura Private Wealth LLC acquired a new position in shares of Airbnb in the fourth quarter valued at about $29,000. 80.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on ABNB. Jefferies Financial Group lifted their price objective on shares of Airbnb from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Mizuho increased their target price on shares of Airbnb from $156.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Airbnb in a report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft upgraded shares of Airbnb from a “hold” rating to a “buy” rating and set a $154.00 price target for the company in a research report on Friday, February 13th. Finally, Truist Financial raised Airbnb from a “sell” rating to a “hold” rating and increased their price target for the stock from $107.00 to $129.00 in a research report on Thursday, March 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, seventeen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $147.92.

Airbnb Stock Performance

Shares of ABNB stock opened at $124.95 on Friday. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $143.88. The stock’s fifty day moving average price is $128.06 and its two-hundred day moving average price is $126.93. The company has a market cap of $76.06 billion, a PE ratio of 30.93, a P/E/G ratio of 1.53 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). The business had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.71 billion. Airbnb had a return on equity of 30.88% and a net margin of 20.51%.Airbnb’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the firm posted $0.73 EPS. On average, equities analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Joseph Gebbia sold 58,000 shares of Airbnb stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $133.28, for a total transaction of $7,730,240.00. Following the sale, the director directly owned 460,015 shares of the company’s stock, valued at approximately $61,310,799.20. The trade was a 11.20% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nathan Blecharczyk sold 4,260 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $125.29, for a total transaction of $533,735.40. Following the transaction, the insider owned 49,250 shares of the company’s stock, valued at approximately $6,170,532.50. This represents a 7.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 359,760 shares of company stock valued at $46,669,275. 27.91% of the stock is currently owned by corporate insiders.

Airbnb 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.