Corient Private Wealth LLC Decreases Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Corient Private Wealth LLC trimmed its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 6.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,840 shares of the company’s stock after selling 4,652 shares during the quarter. Corient Private Wealth LLC’s holdings in Airbnb were worth $8,391,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in ABNB. Golden State Wealth Management LLC acquired a new position in shares of Airbnb during the 4th quarter worth approximately $25,000. Berbice Capital Management LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at approximately $26,000. Whipplewood Advisors LLC purchased a new position in Airbnb during the fourth quarter worth approximately $44,000. Cromwell Holdings LLC boosted its stake in Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after buying an additional 170 shares during the last quarter. Finally, Quarry LP purchased a new stake in Airbnb in the 3rd quarter valued at $55,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Airbnb

In other news, insider Nathan Blecharczyk sold 183,078 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the transaction, the insider now directly owns 164,850 shares in the company, valued at $26,046,300. The trade was a 52.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brian Chesky sold 38,461 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $133.58, for a total transaction of $5,137,620.38. Following the completion of the sale, the chief executive officer now owns 12,537,369 shares of the company’s stock, valued at approximately $1,674,741,751.02. The trade was a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,094,370 shares of company stock worth $294,900,910 over the last 90 days. 27.83% of the stock is currently owned by insiders.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $126.15 on Friday. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The stock has a market capitalization of $79.54 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 3.52 and a beta of 1.10. The company has a 50-day simple moving average of $135.74 and a 200-day simple moving average of $133.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ABNB. The Goldman Sachs Group raised shares of Airbnb from a “sell” rating to a “neutral” rating and boosted their price target for the company from $110.00 to $153.00 in a research report on Friday, February 14th. DA Davidson increased their price target on shares of Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Wells Fargo & Company cut their price target on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Evercore ISI upped their price objective on Airbnb to $155.00 and gave the company a “hold” rating in a report on Wednesday, January 15th. Finally, Truist Financial cut their target price on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research note on Wednesday, December 4th. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $148.15.

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.