Centerpoint Advisors LLC Cuts Holdings in Airbnb, Inc. $ABNB

Centerpoint Advisors LLC trimmed its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 69.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 325 shares of the company’s stock after selling 725 shares during the quarter. Centerpoint Advisors LLC’s holdings in Airbnb were worth $43,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. DDD Partners LLC increased its holdings in Airbnb by 3.9% during the second quarter. DDD Partners LLC now owns 2,041 shares of the company’s stock valued at $270,000 after buying an additional 76 shares during the period. Geneos Wealth Management Inc. increased its position in shares of Airbnb by 1.6% during the first quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company’s stock worth $604,000 after purchasing an additional 78 shares in the last quarter. Harbour Investments Inc. increased its position in shares of Airbnb by 12.2% during the first quarter. Harbour Investments Inc. now owns 738 shares of the company’s stock worth $88,000 after purchasing an additional 80 shares in the last quarter. Koshinski Asset Management Inc. increased its position in shares of Airbnb by 4.4% during the first quarter. Koshinski Asset Management Inc. now owns 1,984 shares of the company’s stock worth $237,000 after purchasing an additional 83 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. increased its position in shares of Airbnb by 70.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 83 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on ABNB shares. BTIG Research reaffirmed a “neutral” rating on shares of Airbnb in a research report on Tuesday, October 7th. JPMorgan Chase & Co. upped their price target on Airbnb from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Zacks Research raised Airbnb to a “hold” rating in a research report on Tuesday, August 12th. Citizens Jmp raised Airbnb to a “hold” rating in a research report on Monday, August 11th. Finally, Wells Fargo & Company set a $110.00 price target on Airbnb and gave the stock an “underweight” rating in a research report on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and a consensus target price of $141.70.

Insider Buying and Selling at Airbnb

In related news, CFO Elinor Mertz sold 4,630 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $128.42, for a total transaction of $594,584.60. Following the completion of the transaction, the chief financial officer directly owned 444,070 shares in the company, valued at $57,027,469.40. The trade was a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph Gebbia sold 236,000 shares of the business’s stock in a transaction on Monday, October 13th. The shares were sold at an average price of $119.22, for a total transaction of $28,135,920.00. Following the transaction, the director owned 704,015 shares of the company’s stock, valued at $83,932,668.30. This represents a 25.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,426,476 shares of company stock worth $177,413,500. 27.83% of the stock is currently owned by insiders.

Airbnb Stock Performance

Airbnb stock opened at $129.07 on Tuesday. The business’s 50-day simple moving average is $124.55 and its two-hundred day simple moving average is $128.10. The company has a market cap of $80.21 billion, a PE ratio of 31.25, a PEG ratio of 2.33 and a beta of 1.10. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.11. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The company’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.86 EPS. As a group, analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

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.