Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Personal CFO Solutions LLC

Personal CFO Solutions LLC lowered its position in Airbnb, Inc. (NASDAQ:ABNB) by 3.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,911 shares of the company’s stock after selling 319 shares during the quarter. Personal CFO Solutions LLC’s holdings in Airbnb were worth $1,040,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in Airbnb in the 4th quarter worth $25,000. Hollencrest Capital Management increased its position in shares of Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Berbice Capital Management LLC bought a new stake in shares of Airbnb in the 4th quarter worth about $26,000. Ashton Thomas Securities LLC bought a new stake in shares of Airbnb in the 3rd quarter worth about $30,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Airbnb in the 4th quarter worth about $44,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 20,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $131.87, for a total transaction of $2,637,400.00. Following the completion of the sale, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at $24,450,544.18. This represents a 9.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Chesky sold 230,772 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were 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 directly owns 12,000,913 shares of the company’s stock, valued at approximately $1,934,067,139.08. This represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,093,970 shares of company stock valued at $296,365,992. Company insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ABNB shares. Baird R W raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Benchmark boosted their target price on shares of Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Citigroup boosted their target price on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. UBS Group boosted their target price on shares of Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Finally, Wells Fargo & Company dropped their target price on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $146.48.

Airbnb Trading Down 0.3 %

Shares of NASDAQ:ABNB opened at $134.39 on Friday. The company has a 50 day moving average of $136.94 and a 200-day moving average of $132.66. The firm has a market cap of $84.74 billion, a P/E ratio of 32.54, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. 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 (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates 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, analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal 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.