IPG Investment Advisors LLC Reduces Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

IPG Investment Advisors LLC reduced its position in shares of Airbnb, Inc. (NASDAQ:ABNBGet Rating) by 73.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 3,441 shares of the company’s stock after selling 9,513 shares during the period. IPG Investment Advisors LLC’s holdings in Airbnb were worth $573,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Baldwin Brothers LLC MA purchased a new stake in Airbnb in the fourth quarter worth about $25,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA purchased a new stake in Airbnb in the fourth quarter worth about $25,000. Core Wealth Advisors Inc. purchased a new stake in Airbnb in the fourth quarter worth about $26,000. Ibex Wealth Advisors purchased a new stake in Airbnb in the third quarter worth about $28,000. Finally, HM Payson & Co. lifted its holdings in Airbnb by 39.7% in the third quarter. HM Payson & Co. now owns 264 shares of the company’s stock worth $44,000 after buying an additional 75 shares during the period. Institutional investors own 34.66% of the company’s stock.

In other Airbnb news, insider Joseph Gebbia sold 27,588 shares of the business’s stock in a transaction dated Monday, February 28th. The shares were sold at an average price of $151.33, for a total value of $4,174,892.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Belinda J. Johnson sold 20,000 shares of the business’s stock in a transaction dated Thursday, May 19th. The shares were sold at an average price of $108.04, for a total transaction of $2,160,800.00. Following the completion of the sale, the director now directly owns 3,203 shares of the company’s stock, valued at $346,052.12. The disclosure for this sale can be found here. Insiders have sold a total of 728,690 shares of company stock worth $118,074,726 over the last quarter. 32.69% of the stock is currently owned by insiders.

ABNB has been the subject of several research analyst reports. UBS Group raised their price objective on shares of Airbnb from $178.00 to $185.00 in a report on Wednesday, May 4th. Stifel Nicolaus lowered their price objective on shares of Airbnb from $205.00 to $180.00 in a report on Wednesday, May 4th. Robert W. Baird reaffirmed an “outperform” rating and set a $210.00 target price on shares of Airbnb in a research note on Thursday, May 5th. JPMorgan Chase & Co. raised their target price on shares of Airbnb from $195.00 to $210.00 and gave the company a “neutral” rating in a research note on Wednesday, February 16th. Finally, The Goldman Sachs Group raised their target price on shares of Airbnb from $140.00 to $150.00 and gave the company a “sell” rating in a research note on Wednesday, February 16th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $196.22.

Airbnb stock opened at $120.50 on Friday. The company’s 50-day moving average price is $148.23 and its 200-day moving average price is $159.75. Airbnb, Inc. has a twelve month low of $103.74 and a twelve month high of $212.58. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.42. The company has a market cap of $77.47 billion, a PE ratio of 103.88 and a beta of 0.27.

Airbnb (NASDAQ:ABNBGet Rating) last posted its earnings results on Tuesday, May 3rd. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.28) by $0.25. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.45 billion. Airbnb had a net margin of 12.12% and a return on equity of 18.51%. The business’s quarterly revenue was up 70.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.75) EPS. As a group, sell-side analysts expect that Airbnb, Inc. will post 1.88 earnings per share for the current fiscal year.

Airbnb Company Profile (Get Rating)

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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