Apollon Wealth Management LLC Sells 472 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Apollon Wealth Management LLC decreased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 5.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,233 shares of the company’s stock after selling 472 shares during the period. Apollon Wealth Management LLC’s holdings in Airbnb were worth $1,082,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Edgewood Management LLC increased its position in Airbnb by 9.2% during the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after buying an additional 1,143,464 shares during the period. Geode Capital Management LLC increased its position in Airbnb by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock worth $1,189,635,000 after buying an additional 146,761 shares during the period. Pacer Advisors Inc. increased its position in Airbnb by 6,085.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after buying an additional 4,172,985 shares during the period. Charles Schwab Investment Management Inc. increased its position in Airbnb by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock worth $343,185,000 after buying an additional 52,358 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Airbnb by 3.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,360,004 shares of the company’s stock worth $299,272,000 after buying an additional 80,610 shares during the period. Institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ABNB. Truist Financial decreased their price target on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research report on Wednesday, December 4th. Evercore ISI raised their price target on Airbnb to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, January 15th. Wells Fargo & Company decreased their price target on Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Bank of America raised their price target on Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Finally, DA Davidson raised their price target on Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Six investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Airbnb presently has an average rating of “Hold” and a consensus price target of $139.63.

Airbnb Price Performance

Airbnb stock opened at $134.52 on Wednesday. The stock’s 50 day moving average is $132.87 and its 200 day moving average is $129.87. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market cap of $85.28 billion, a P/E ratio of 47.20, a P/E/G ratio of 1.88 and a beta of 1.12. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10.

Insider Buying and Selling

In related news, insider Nathan Blecharczyk sold 9,603 shares of Airbnb stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the transaction, the insider now directly owns 164,850 shares of the company’s stock, valued at $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $129.58, for a total value of $90,706.00. Following the completion of the sale, the chief technology officer now owns 181,914 shares of the company’s stock, valued at approximately $23,572,416.12. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,417,704 shares of company stock valued at $187,654,829 over the last ninety days. 27.83% of the stock is owned by company insiders.

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.