IHT Wealth Management LLC Trims Stake in Airbnb, Inc. (NASDAQ:ABNB)

IHT Wealth Management LLC reduced its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 33.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,119 shares of the company's stock after selling 5,657 shares during the period. IHT Wealth Management LLC's holdings in Airbnb were worth $1,461,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ABNB. Stifel Financial Corp increased its position in Airbnb by 26.1% during the 4th quarter. Stifel Financial Corp now owns 635,920 shares of the company's stock valued at $83,566,000 after buying an additional 131,821 shares in the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of Airbnb by 7.2% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,337 shares of the company's stock worth $176,000 after purchasing an additional 90 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Airbnb by 106.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 50,054 shares of the company's stock valued at $6,578,000 after buying an additional 25,821 shares during the period. TFJ Management LLC purchased a new position in shares of Airbnb during the 4th quarter valued at approximately $6,812,000. Finally, Trajan Wealth LLC increased its stake in shares of Airbnb by 4.1% in the 4th quarter. Trajan Wealth LLC now owns 85,924 shares of the company's stock valued at $11,291,000 after purchasing an additional 3,402 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction on Friday, February 14th. The stock was sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the sale, the chief executive officer now owns 12,000,913 shares of the company's stock, valued at $1,934,067,139.08. The trade was a 1.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $129.58, for a total transaction of $809,875.00. Following the completion of the transaction, the chief financial officer now owns 484,988 shares of the company's stock, valued at $62,844,745.04. This represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,998,146 shares of company stock worth $275,624,925 over the last quarter. 27.83% of the stock is owned by company insiders.

Airbnb Stock Performance

Shares of ABNB stock opened at $114.91 on Wednesday. The company has a market cap of $72.46 billion, a PE ratio of 27.82, a P/E/G ratio of 3.52 and a beta of 1.15. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $166.74. The company's fifty day simple moving average is $128.09 and its 200-day simple moving average is $132.15.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ABNB. B. Riley lifted their price target on Airbnb from $131.00 to $145.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. Argus raised Airbnb from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Jefferies Financial Group raised shares of Airbnb from a "hold" rating to a "buy" rating and boosted their price target for the company from $165.00 to $185.00 in a research report on Monday, March 10th. Evercore ISI increased their target price on shares of Airbnb to $155.00 and gave the stock a "hold" rating in a research note on Wednesday, January 15th. Finally, Baird R W upgraded Airbnb from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Five analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $146.94.

Airbnb 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.