Main Management ETF Advisors LLC Reduces Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Main Management ETF Advisors LLC cut its position in shares of Airbnb, Inc. (NASDAQ:ABNBFree Report) by 8.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 5,696 shares of the company’s stock after selling 512 shares during the quarter. Main Management ETF Advisors LLC’s holdings in Airbnb were worth $749,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ABNB. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Airbnb by 0.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,011 shares of the company’s stock worth $3,679,000 after purchasing an additional 241 shares during the period. Wedmont Private Capital boosted its stake in shares of Airbnb by 26.2% during the 4th quarter. Wedmont Private Capital now owns 3,505 shares of the company’s stock worth $454,000 after purchasing an additional 727 shares during the period. Claro Advisors LLC purchased a new position in shares of Airbnb during the 4th quarter worth about $364,000. Miracle Mile Advisors LLC boosted its stake in shares of Airbnb by 2.4% during the 4th quarter. Miracle Mile Advisors LLC now owns 9,847 shares of the company’s stock worth $1,294,000 after purchasing an additional 230 shares during the period. Finally, Wynn Capital LLC boosted its stake in shares of Airbnb by 14.4% during the 4th quarter. Wynn Capital LLC now owns 2,627 shares of the company’s stock worth $345,000 after purchasing an additional 330 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Trading Down 0.4%

NASDAQ:ABNB opened at $137.45 on Thursday. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The firm has a 50 day moving average of $121.48 and a 200 day moving average of $131.26. 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 $86.67 billion, a price-to-earnings ratio of 33.28, a PEG ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNBGet Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the previous year, the company earned $0.41 EPS. The company’s revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insider Activity at Airbnb

In related news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $122.84, for a total transaction of $26,322,769.40. Following the completion of the sale, the director now owns 1,866,300 shares of the company’s stock, valued at $229,256,292. This represents a 10.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Brian Chesky sold 230,772 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the sale, the chief executive officer now directly owns 12,000,913 shares of the company’s stock, valued at $1,934,067,139.08. The trade was a 1.89% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,983,669 shares of company stock valued at $266,947,699 over the last 90 days. Insiders own 27.83% of the company’s stock.

Wall Street Analysts Forecast Growth

ABNB has been the subject of a number of recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research note on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of Airbnb from $160.00 to $115.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Benchmark dropped their target price on shares of Airbnb from $178.00 to $155.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Royal Bank of Canada dropped their target price on shares of Airbnb from $160.00 to $140.00 and set a “sector perform” rating on the stock in a research note on Friday, May 2nd. Finally, Morgan Stanley upped their target price on shares of Airbnb from $125.00 to $130.00 and gave the stock an “underweight” rating in a research note on Thursday, April 17th. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Airbnb has a consensus rating of “Hold” and an average price target of $141.43.

View Our Latest Research Report on Airbnb

About Airbnb

(Free Report)

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.

See Also

Want to see what other hedge funds are holding ABNB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Airbnb, Inc. (NASDAQ:ABNBFree Report).

Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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