Zhang Financial LLC Sells 72 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Zhang Financial LLC lowered its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,684 shares of the company’s stock after selling 72 shares during the quarter. Zhang Financial LLC’s holdings in Airbnb were worth $365,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ABNB. CVA Family Office LLC bought a new position in Airbnb during the fourth quarter worth $26,000. Orion Capital Management LLC bought a new position in Airbnb during the third quarter worth $27,000. McGlone Suttner Wealth Management Inc. bought a new position in Airbnb during the fourth quarter worth $30,000. Farmers & Merchants Investments Inc. bought a new position in Airbnb during the third quarter worth $39,000. Finally, Financial Management Professionals Inc. increased its position in Airbnb by 518.4% during the fourth quarter. Financial Management Professionals Inc. now owns 303 shares of the company’s stock worth $41,000 after acquiring an additional 254 shares during the period. Institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wedbush reissued a “neutral” rating and issued a $160.00 price target on shares of Airbnb in a report on Thursday. Wells Fargo & Company boosted their price target on shares of Airbnb from $107.00 to $127.00 and gave the company an “underweight” rating in a report on Monday, April 1st. Barclays boosted their price target on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Monday, January 29th. B. Riley assumed coverage on shares of Airbnb in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price target on the stock. Finally, Susquehanna boosted their price target on shares of Airbnb from $160.00 to $180.00 and gave the company a “positive” rating in a report on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Airbnb currently has an average rating of “Hold” and a consensus price target of $147.58.

Airbnb Stock Down 3.2 %

Shares of NASDAQ ABNB opened at $155.01 on Friday. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 12-month low of $103.55 and a 12-month high of $170.10. The company has a market cap of $100.30 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 2.05 and a beta of 1.25. The firm’s 50-day simple moving average is $159.55 and its 200 day simple moving average is $142.22.

Airbnb (NASDAQ:ABNB) last released its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. On average, research analysts expect that Airbnb, Inc. will post 4.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 78,682 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the transaction, the chief technology officer now directly owns 144,331 shares in the company, valued at approximately $24,435,238.30. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, CTO Aristotle N. Balogh sold 78,682 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $169.30, for a total value of $13,320,862.60. Following the sale, the chief technology officer now directly owns 144,331 shares in the company, valued at approximately $24,435,238.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $155.83, for a total transaction of $93,498.00. Following the completion of the sale, the chief technology officer now owns 221,704 shares in the company, valued at $34,548,134.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 475,414 shares of company stock worth $75,187,257. Company insiders own 30.84% of the company’s stock.

About Airbnb

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.