Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC lessened its position in Airbnb, Inc. (NASDAQ:ABNB) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,421 shares of the company’s stock after selling 100 shares during the period. Dynasty Wealth Management LLC’s holdings in Airbnb were worth $2,026,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in Airbnb during the 4th quarter valued at $25,000. Berbice Capital Management LLC bought a new stake in shares of Airbnb during the fourth quarter valued at about $26,000. Hollencrest Capital Management lifted its holdings in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the period. Ashton Thomas Securities LLC bought a new position in Airbnb in the 3rd quarter valued at about $30,000. Finally, Whipplewood Advisors LLC acquired a new position in Airbnb during the 4th quarter valued at about $44,000. 80.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ABNB has been the topic of several recent analyst reports. UBS Group boosted their target price on Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. DA Davidson raised their price objective on Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. TD Cowen lifted their target price on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Phillip Securities reiterated a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a research report on Tuesday, November 12th. Finally, The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $110.00 to $153.00 in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Airbnb currently has an average rating of “Hold” and a consensus target price of $146.48.

Airbnb Stock Down 3.2 %

Shares of NASDAQ:ABNB opened at $139.45 on Friday. The company has a market capitalization of $87.93 billion, a PE ratio of 33.77, a P/E/G ratio of 3.52 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The company’s fifty day moving average is $136.43 and its 200-day moving average is $131.63. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10.

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

Insider Activity at Airbnb

In other news, insider Nathan Blecharczyk sold 183,078 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the completion of the sale, the insider now directly owns 164,850 shares of the company’s stock, valued at $26,046,300. This represents a 52.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $141.93, for a total transaction of $30,413,470.05. Following the transaction, the director now owns 428,575 shares of the company’s stock, valued at approximately $60,827,649.75. This represents a 33.33 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,091,314 shares of company stock valued at $295,773,256 over the last ninety days. 27.83% of the stock is owned by insiders.

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.