Airbnb, Inc. (NASDAQ:ABNB) Stock Position Lowered by Advisory Services Network LLC

Advisory Services Network LLC cut its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 41.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,225 shares of the company's stock after selling 12,115 shares during the quarter. Advisory Services Network LLC's holdings in Airbnb were worth $2,264,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. XTX Topco Ltd acquired a new position in shares of Airbnb during the 3rd quarter valued at about $592,000. TD Private Client Wealth LLC increased its position in Airbnb by 22.0% during the third quarter. TD Private Client Wealth LLC now owns 9,123 shares of the company's stock worth $1,157,000 after purchasing an additional 1,648 shares during the last quarter. Advisory Resource Group raised its stake in Airbnb by 25.7% during the third quarter. Advisory Resource Group now owns 10,434 shares of the company's stock worth $1,323,000 after purchasing an additional 2,131 shares during the period. Virtu Financial LLC acquired a new position in shares of Airbnb in the 3rd quarter valued at $609,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Airbnb during the 3rd quarter valued at $648,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Tigress Financial boosted their price target on Airbnb from $195.00 to $200.00 and gave the company a "buy" rating in a research report on Friday, March 14th. JMP Securities reissued a "market perform" rating on shares of Airbnb in a research report on Friday, February 14th. Susquehanna lifted their price target on shares of Airbnb from $160.00 to $200.00 and gave the company a "positive" rating in a research report on Tuesday, February 18th. UBS Group increased their price objective on shares of Airbnb from $143.00 to $160.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Finally, Morgan Stanley increased their price target on Airbnb from $115.00 to $125.00 and gave the company an "underweight" rating in a report on Monday, January 13th. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $146.56.

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Airbnb Stock Performance

NASDAQ:ABNB traded up $1.42 during mid-day trading on Tuesday, hitting $114.64. The stock had a trading volume of 5,180,365 shares, compared to its average volume of 4,755,094. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The company has a 50 day simple moving average of $130.88 and a 200-day simple moving average of $132.76. The stock has a market capitalization of $72.29 billion, a price-to-earnings ratio of 27.76, a P/E/G ratio of 3.52 and a beta of 1.15. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $166.74.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insider Transactions at Airbnb

In related news, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $120.00, for a total value of $750,000.00. Following the completion of the transaction, the chief financial officer now owns 491,330 shares in the company, valued at $58,959,600. This represents a 1.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the business's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $135.47, for a total transaction of $94,829.00. Following the sale, the chief technology officer now owns 183,314 shares in the company, valued at $24,833,547.58. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,036,607 shares of company stock valued at $280,762,098. 27.83% of the stock is currently owned by corporate insiders.

About Airbnb

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.