Commonwealth Equity Services LLC Sells 6,797 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Commonwealth Equity Services LLC cut its position in Airbnb, Inc. (NASDAQ:ABNB) by 9.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,177 shares of the company’s stock after selling 6,797 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Airbnb were worth $8,171,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of ABNB. OneDigital Investment Advisors LLC raised its position in shares of Airbnb by 6.8% during the third quarter. OneDigital Investment Advisors LLC now owns 2,223 shares of the company’s stock worth $282,000 after acquiring an additional 142 shares during the last quarter. Quest Partners LLC raised its position in shares of Airbnb by 3,643.9% during the third quarter. Quest Partners LLC now owns 2,134 shares of the company’s stock worth $271,000 after acquiring an additional 2,077 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in shares of Airbnb by 9.4% during the third quarter. Fifth Third Wealth Advisors LLC now owns 4,013 shares of the company’s stock worth $509,000 after acquiring an additional 345 shares during the last quarter. Avior Wealth Management LLC raised its position in shares of Airbnb by 20.3% during the third quarter. Avior Wealth Management LLC now owns 1,032 shares of the company’s stock worth $131,000 after acquiring an additional 174 shares during the last quarter. Finally, Prospera Private Wealth LLC raised its position in shares of Airbnb by 30.9% during the third quarter. Prospera Private Wealth LLC now owns 1,832 shares of the company’s stock worth $232,000 after acquiring an additional 432 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 20,000 shares of the firm’s stock in a transaction that occurred 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 $24,450,544.18. This trade represents a 9.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Chesky sold 38,461 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $133.58, for a total value of $5,137,620.38. Following the transaction, the chief executive officer now owns 12,537,369 shares in the company, valued at approximately $1,674,741,751.02. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,094,370 shares of company stock worth $294,900,910. 27.83% of the stock is currently owned by insiders.

Airbnb Stock Performance

NASDAQ:ABNB opened at $126.15 on Friday. The business’s 50-day moving average price is $135.74 and its two-hundred day moving average price is $133.10. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The stock has a market cap of $79.54 billion, a P/E ratio of 30.54, a PEG ratio of 3.52 and a beta of 1.10. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating 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 analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Ratings Changes

ABNB has been the subject of a number of research analyst reports. Robert W. Baird upgraded Airbnb from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $140.00 to $175.00 in a report on Friday, February 14th. Bank of America boosted their price target on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Truist Financial dropped their price target on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research note on Wednesday, December 4th. Hsbc Global Res raised Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Finally, The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating and boosted their price target for the company from $110.00 to $153.00 in a research note on Friday, February 14th. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $148.15.

Airbnb Company 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.