Avitas Wealth Management LLC Sells 100 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Avitas Wealth Management LLC reduced its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 13,321 shares of the company’s stock after selling 100 shares during the quarter. Avitas Wealth Management LLC’s holdings in Airbnb were worth $1,751,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Salvus Wealth Management LLC raised its holdings in shares of Airbnb by 2.5% in the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after purchasing an additional 84 shares during the period. Koshinski Asset Management Inc. increased its position in Airbnb by 3.8% during the third quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock worth $292,000 after buying an additional 85 shares during the last quarter. First Horizon Advisors Inc. raised its stake in Airbnb by 19.3% in the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock valued at $74,000 after buying an additional 94 shares during the period. Kingsview Wealth Management LLC lifted its position 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 valued at $468,000 after buying an additional 97 shares during the last quarter. Finally, Private Trust Co. NA boosted its stake in shares of Airbnb by 9.9% during the 3rd quarter. Private Trust Co. NA now owns 1,121 shares of the company’s stock worth $142,000 after acquiring an additional 101 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Trading Up 0.7 %

Shares of ABNB opened at $130.74 on Wednesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The firm has a market cap of $82.89 billion, a price-to-earnings ratio of 45.87, a PEG ratio of 1.72 and a beta of 1.12. The business’s fifty day moving average is $133.29 and its 200-day moving average is $130.27.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the previous year, the firm posted $2.39 EPS. Equities analysts anticipate that Airbnb, Inc. will post 3.98 EPS for the current fiscal year.

Insider Activity at Airbnb

In other news, CAO David C. Bernstein sold 1,000 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $137.00, for a total transaction of $137,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 40,581 shares in the company, valued at approximately $5,559,597. This represents a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total value of $89,705.00. Following the sale, the chief technology officer now directly owns 182,614 shares in the company, valued at approximately $23,401,984.10. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,372,293 shares of company stock valued at $181,759,318 in the last quarter. Insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ABNB. Morgan Stanley increased their price target on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. TD Cowen increased their price objective on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Robert W. Baird lifted their target price on shares of Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Phillip Securities reissued a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a report on Tuesday, November 12th. Finally, Benchmark restated a “buy” rating and set a $155.00 price objective on shares of Airbnb in a report on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $139.63.

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.