Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Worth Financial Advisory Group LLC

Worth Financial Advisory Group LLC decreased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,477 shares of the company’s stock after selling 265 shares during the quarter. Worth Financial Advisory Group LLC’s holdings in Airbnb were worth $588,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in shares of Airbnb in the 4th quarter worth approximately $25,000. Berbice Capital Management LLC purchased a new stake in Airbnb in the fourth quarter valued at approximately $26,000. Graney & King LLC acquired a new position in Airbnb during the fourth quarter worth $32,000. Whipplewood Advisors LLC purchased a new position in shares of Airbnb during the fourth quarter worth $44,000. Finally, Cromwell Holdings LLC grew its stake in shares of Airbnb by 82.5% in the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after buying an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

Shares of ABNB stock opened at $128.64 on Thursday. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $169.11. The stock’s 50-day moving average price is $135.71 and its 200 day moving average price is $133.60. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $81.11 billion, a PE ratio of 31.15, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping 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%. As a group, equities research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Activity

In other Airbnb news, insider Nathan Blecharczyk sold 2,712 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $156.32, for a total value of $423,939.84. Following the completion of the sale, the insider now owns 159,337 shares of the company’s stock, valued at approximately $24,907,559.84. This trade represents a 1.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 20,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $131.87, for a total transaction of $2,637,400.00. Following the transaction, the chief technology officer now directly owns 185,414 shares in the company, valued at approximately $24,450,544.18. This trade represents a 9.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,055,909 shares of company stock valued at $289,763,290 over the last quarter. Corporate insiders own 27.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ABNB. The Goldman Sachs Group upgraded Airbnb from a “sell” rating to a “neutral” rating and raised their target price for the company from $110.00 to $153.00 in a report on Friday, February 14th. Truist Financial lowered their price objective on shares of Airbnb from $123.00 to $112.00 and set a “hold” rating for the company in a research note on Friday, March 21st. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a research note on Friday, February 14th. Morgan Stanley raised their price target on shares of Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research report on Monday, January 13th. Finally, Bank of America boosted their price target on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $147.36.

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.