Chemistry Wealth Management LLC Trims Stock Position in Airbnb, Inc. $ABNB

Chemistry Wealth Management LLC lessened its stake in shares of Airbnb, Inc. (NASDAQ:ABNBFree Report) by 14.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 22,424 shares of the company’s stock after selling 3,833 shares during the period. Chemistry Wealth Management LLC’s holdings in Airbnb were worth $3,043,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ABNB. Aster Capital Management DIFC Ltd purchased a new position in Airbnb during the 3rd quarter worth $25,000. Sunbelt Securities Inc. raised its position in Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares in the last quarter. Wiser Advisor Group LLC purchased a new stake in shares of Airbnb in the 3rd quarter worth $27,000. Kelleher Financial Advisors purchased a new stake in shares of Airbnb in the 3rd quarter worth $29,000. Finally, Community Bank N.A. bought a new position in shares of Airbnb during the 3rd quarter worth $30,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

ABNB opened at $130.79 on Friday. The firm has a market capitalization of $79.61 billion, a PE ratio of 32.37, a price-to-earnings-growth ratio of 1.61 and a beta of 1.12. The business’s 50-day moving average is $129.53 and its two-hundred day moving average is $126.72. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $143.88.

Airbnb (NASDAQ:ABNBGet Free Report) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.10). Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The firm had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the previous year, the company posted $0.73 earnings per share. The business’s quarterly revenue was up 12.9% compared to the same quarter last year. As a group, sell-side analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analyst Weigh In

ABNB has been the subject of several recent research reports. Royal Bank Of Canada restated an “outperform” rating on shares of Airbnb in a report on Wednesday, January 14th. Citigroup raised shares of Airbnb from a “neutral” rating to an “outperform” rating in a research report on Wednesday, February 4th. BNP Paribas Exane initiated coverage on shares of Airbnb in a report on Monday, November 24th. They issued a “hold” rating for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Airbnb in a research report on Wednesday, January 21st. Finally, B. Riley Financial upgraded shares of Airbnb from a “neutral” rating to a “buy” rating and increased their price objective for the company from $140.00 to $170.00 in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Airbnb has an average rating of “Hold” and a consensus price target of $147.40.

Check Out Our Latest Report on Airbnb

Insider Buying and Selling

In other Airbnb news, CFO Elinor Mertz sold 3,750 shares of Airbnb stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $130.00, for a total value of $487,500.00. Following the transaction, the chief financial officer directly owned 402,417 shares of the company’s stock, valued at approximately $52,314,210. The trade was a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nathan Blecharczyk sold 4,260 shares of Airbnb stock in a transaction on Friday, February 20th. The stock was sold at an average price of $125.29, for a total transaction of $533,735.40. Following the completion of the transaction, the insider directly owned 49,250 shares in the company, valued at $6,170,532.50. This represents a 7.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 363,510 shares of company stock worth $47,422,070 in the last 90 days. 27.91% of the stock is owned by corporate insiders.

More Airbnb News

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About Airbnb

(Free Report)

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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