Hohimer Wealth Management LLC Sells 459 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Hohimer Wealth Management LLC cut its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 6.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,351 shares of the company’s stock after selling 459 shares during the quarter. Hohimer Wealth Management LLC’s holdings in Airbnb were worth $805,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ABNB. ORG Partners LLC boosted its holdings in Airbnb by 1,823.8% in the second quarter. ORG Partners LLC now owns 2,905 shares of the company’s stock valued at $440,000 after acquiring an additional 2,754 shares during the last quarter. PGGM Investments boosted its stake in shares of Airbnb by 22.8% in the 2nd quarter. PGGM Investments now owns 5,797 shares of the company’s stock valued at $879,000 after purchasing an additional 1,077 shares during the last quarter. SteelPeak Wealth LLC increased its position in shares of Airbnb by 32.8% during the second quarter. SteelPeak Wealth LLC now owns 8,910 shares of the company’s stock worth $1,351,000 after buying an additional 2,202 shares during the period. Swedbank AB raised its stake in Airbnb by 8.1% during the second quarter. Swedbank AB now owns 1,150,371 shares of the company’s stock worth $174,431,000 after buying an additional 86,502 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Airbnb by 19,052.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company’s stock valued at $256,784,000 after buying an additional 1,684,646 shares during the period. Institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ABNB. Cantor Fitzgerald reissued an “underweight” rating and issued a $94.00 price objective on shares of Airbnb in a research note on Monday, October 7th. Mizuho reduced their price objective on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, September 13th. Raymond James started coverage on shares of Airbnb in a research report on Friday, September 27th. They set a “market perform” rating and a $134.00 target price on the stock. DA Davidson raised their price target on shares of Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. Finally, Barclays upped their price objective on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $138.94.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $138.30 on Wednesday. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The company’s 50-day moving average is $135.39 and its 200 day moving average is $134.90. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market capitalization of $87.68 billion, a P/E ratio of 48.53, a price-to-earnings-growth ratio of 1.91 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the previous year, the business earned $2.39 EPS. On average, equities research analysts forecast that Airbnb, Inc. will post 3.99 earnings per share for the current year.

Insider Buying and Selling at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $72,000.00. Following the completion of the transaction, the chief technology officer now directly owns 195,844 shares in the company, valued at approximately $23,501,280. The trade was a 0.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 230,769 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $27,692,280.00. Following the sale, the chief executive officer now owns 13,315,912 shares in the company, valued at approximately $1,597,909,440. This represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 748,465 shares of company stock worth $96,015,340 over the last ninety days. 27.83% of the stock is currently owned by company insiders.

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.