Exchange Traded Concepts LLC Sells 1,070 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Exchange Traded Concepts LLC decreased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,178 shares of the company’s stock after selling 1,070 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Airbnb were worth $2,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ABNB. Salvus Wealth Management LLC boosted its holdings in Airbnb by 2.5% during the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after acquiring an additional 84 shares during the period. Koshinski Asset Management Inc. boosted its stake in shares of Airbnb by 3.8% during the third quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $292,000 after purchasing an additional 85 shares during the period. Lazari Capital Management Inc. grew its holdings in shares of Airbnb by 3.6% in the second quarter. Lazari Capital Management Inc. now owns 2,517 shares of the company’s stock worth $382,000 after purchasing an additional 88 shares during the last quarter. First Horizon Advisors Inc. increased its stake in shares of Airbnb by 19.3% in the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock worth $74,000 after buying an additional 94 shares during the period. Finally, Kingsview Wealth Management LLC increased its stake in shares of Airbnb by 2.7% in the third quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock worth $468,000 after buying an additional 97 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on ABNB shares. JPMorgan Chase & Co. raised their price target on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Evercore ISI raised their target price on Airbnb to $155.00 and gave the stock a “hold” rating in a research note on Wednesday, January 15th. Wedbush increased their price objective on Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Jefferies Financial Group lifted their price objective on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, DA Davidson upped their target price on Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Six analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $139.63.

Insiders Place Their Bets

In other Airbnb news, CEO Brian Chesky sold 38,461 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $133.19, for a total value of $5,122,620.59. Following the transaction, the chief executive officer now directly owns 12,460,447 shares of the company’s stock, valued at approximately $1,659,606,935.93. This trade represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 11,635 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the sale, the director now directly owns 16,472 shares of the company’s stock, valued at $2,259,958.40. The trade was a 41.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,169,543 shares of company stock valued at $155,659,368. Company insiders own 27.83% of the company’s stock.

Airbnb Trading Down 4.6 %

Shares of NASDAQ:ABNB opened at $127.09 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a market cap of $80.57 billion, a P/E ratio of 44.59, a PEG ratio of 1.80 and a beta of 1.13. The stock’s fifty day moving average price is $133.97 and its 200-day moving average price is $131.24.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the previous year, the business earned $2.39 EPS. Sell-side analysts expect that Airbnb, Inc. will post 3.98 earnings per share for the current year.

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.