Commonwealth Equity Services LLC Has $8.17 Million Stake in Airbnb, Inc. (NASDAQ:ABNB)

Commonwealth Equity Services LLC lessened its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 9.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,177 shares of the company's stock after selling 6,797 shares during the quarter. Commonwealth Equity Services LLC's holdings in Airbnb were worth $8,171,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ABNB. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at approximately $25,000. Berbice Capital Management LLC acquired a new stake in Airbnb during the 4th quarter valued at $26,000. Whipplewood Advisors LLC bought a new position in Airbnb during the fourth quarter worth $44,000. Cromwell Holdings LLC increased its holdings in shares of Airbnb by 82.5% in the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock valued at $49,000 after purchasing an additional 170 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Airbnb in the third quarter valued at about $55,000. 80.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on ABNB. JMP Securities reaffirmed a "market perform" rating on shares of Airbnb in a report on Friday, February 14th. Argus raised Airbnb from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. DA Davidson increased their target price on Airbnb from $131.00 to $170.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. Barclays boosted their price target on Airbnb from $110.00 to $120.00 and gave the company an "underweight" rating in a research note on Friday, February 14th. Finally, HSBC upgraded Airbnb from a "hold" rating to a "buy" rating in a research report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Airbnb has an average rating of "Hold" and a consensus target price of $147.82.

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Airbnb Price Performance

Shares of NASDAQ ABNB traded up $1.02 during mid-day trading on Monday, hitting $129.82. 3,706,046 shares of the stock traded hands, compared to its average volume of 4,411,770. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.00. The firm has a 50 day simple moving average of $135.72 and a two-hundred day simple moving average of $133.43. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market cap of $81.86 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share 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%. As a group, equities research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Airbnb news, insider Nathan Blecharczyk sold 183,078 shares of the company's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the sale, the insider now owns 164,850 shares in the company, valued at approximately $26,046,300. The trade was a 52.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $126.00, for a total value of $88,200.00. Following the completion of the sale, the chief technology officer now directly owns 171,419 shares of the company's stock, valued at approximately $21,598,794. The trade was a 0.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,055,909 shares of company stock valued at $289,763,290 in the last ninety days. 27.83% of the stock is currently owned by insiders.

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.