Alliance Wealth Advisors LLC UT Sells 8,707 Shares of Airbnb, Inc. $ABNB

Alliance Wealth Advisors LLC UT cut its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 49.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,870 shares of the company’s stock after selling 8,707 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Airbnb were worth $1,077,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in ABNB. SBI Securities Co. Ltd. grew its holdings in shares of Airbnb by 0.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 10,552 shares of the company’s stock worth $1,396,000 after purchasing an additional 85 shares in the last quarter. LRI Investments LLC lifted its position in Airbnb by 7.5% in the third quarter. LRI Investments LLC now owns 1,260 shares of the company’s stock worth $153,000 after purchasing an additional 88 shares during the period. Brookstone Capital Management lifted its position in Airbnb by 4.0% in the third quarter. Brookstone Capital Management now owns 2,350 shares of the company’s stock worth $285,000 after purchasing an additional 91 shares during the period. SYM FINANCIAL Corp boosted its stake in Airbnb by 4.9% during the third quarter. SYM FINANCIAL Corp now owns 1,953 shares of the company’s stock worth $237,000 after buying an additional 91 shares in the last quarter. Finally, apricus wealth LLC increased its holdings in Airbnb by 0.4% in the 3rd quarter. apricus wealth LLC now owns 25,964 shares of the company’s stock valued at $3,153,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ABNB. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Airbnb in a report on Wednesday, January 21st. Argus raised shares of Airbnb to a “strong-buy” rating in a research report on Tuesday, February 17th. BTIG Research restated a “neutral” rating on shares of Airbnb in a research note on Friday, November 7th. Mizuho set a $156.00 price objective on Airbnb in a research note on Friday, November 7th. Finally, DA Davidson cut their target price on Airbnb from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Airbnb presently has a consensus rating of “Hold” and an average price target of $148.69.

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $127.89 on Friday. The business has a fifty day moving average of $131.09 and a 200-day moving average of $125.96. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $154.57. The firm has a market cap of $78.72 billion, a PE ratio of 31.66, a price-to-earnings-growth ratio of 1.73 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 12th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). Airbnb had a return on equity of 30.88% and a net margin of 20.51%.The company had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the prior year, the company earned $0.73 EPS. The firm’s revenue was up 12.9% compared to the same quarter last year. On average, analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Joseph Gebbia sold 232,000 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $114.22, for a total transaction of $26,499,040.00. Following the transaction, the director owned 15 shares of the company’s stock, valued at $1,713.30. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Brian Chesky sold 51,230 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $131.16, for a total value of $6,719,326.80. Following the completion of the transaction, the chief executive officer owned 45,854 shares in the company, valued at approximately $6,014,210.64. This represents a 52.77% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,027,422 shares of company stock valued at $127,060,208. 27.91% of the stock is currently owned by corporate insiders.

Airbnb Profile

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.