Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Keudell Morrison Wealth Management

Keudell Morrison Wealth Management reduced its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 7.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,374 shares of the company’s stock after selling 254 shares during the quarter. Keudell Morrison Wealth Management’s holdings in Airbnb were worth $443,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new stake in shares of Airbnb during the 3rd quarter worth approximately $25,000. Berbice Capital Management LLC purchased a new position in Airbnb in the fourth quarter worth approximately $26,000. Hollencrest Capital Management increased its stake in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Airbnb in the third quarter valued at $30,000. Finally, Quarry LP acquired a new position in shares of Airbnb in the 3rd quarter valued at $55,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 500 shares of the firm’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total value of $68,005.00. Following the completion of the sale, the chief technology officer now owns 185,414 shares in the company, valued at approximately $25,218,158.14. This trade represents a 0.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the transaction, the director now owns 10,321 shares in the company, valued at approximately $1,352,876.68. This trade represents a 95.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,372,293 shares of company stock valued at $181,759,318. 27.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ABNB. UBS Group raised their price objective on Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Barclays lifted their price target on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Evercore ISI upped their price objective on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a report on Wednesday, January 15th. 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 report on Thursday, January 16th. Finally, JPMorgan Chase & Co. upped their price target on Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $139.63.

Airbnb Trading Down 0.6 %

NASDAQ ABNB opened at $131.79 on Friday. The firm’s fifty day moving average price is $133.81 and its 200 day moving average price is $130.89. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The company has a market capitalization of $83.55 billion, a price-to-earnings ratio of 46.24, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data 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). The firm had revenue of $3.73 billion for the quarter, compared to analysts’ expectations 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 business posted $2.39 EPS. On average, sell-side analysts expect that Airbnb, Inc. will post 3.98 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.