Aaron Wealth Advisors LLC Sells 6,357 Shares of Airbnb, Inc. $ABNB

Aaron Wealth Advisors LLC lowered its position in Airbnb, Inc. (NASDAQ:ABNBFree Report) by 33.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,407 shares of the company’s stock after selling 6,357 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Airbnb were worth $1,567,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ABNB. Merit Financial Group LLC grew its stake in Airbnb by 72.1% during the 4th quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock worth $4,478,000 after buying an additional 13,818 shares during the last quarter. ARK Investment Management LLC increased its holdings in Airbnb by 30.7% in the 3rd quarter. ARK Investment Management LLC now owns 1,035,828 shares of the company’s stock worth $125,770,000 after acquiring an additional 243,299 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Airbnb by 14.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,529,652 shares of the company’s stock valued at $185,730,000 after purchasing an additional 195,055 shares in the last quarter. North Star Asset Management Inc. increased its stake in shares of Airbnb by 13.4% in the 4th quarter. North Star Asset Management Inc. now owns 78,564 shares of the company’s stock worth $10,663,000 after acquiring an additional 9,294 shares during the last quarter. Finally, North Dakota State Investment Board acquired a new stake in shares of Airbnb during the 4th quarter worth about $2,785,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Stock Performance

ABNB stock opened at $145.56 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $147.58. The company has a 50 day moving average price of $137.36 and a 200 day moving average price of $132.85. The stock has a market capitalization of $87.73 billion, a PE ratio of 35.85, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16.

Airbnb (NASDAQ:ABNBGet Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the previous year, the company posted $0.24 earnings per share. Airbnb’s revenue for the quarter was up 17.9% compared to the same quarter last year. Analysts forecast that Airbnb, Inc. will post 4.91 EPS for the current year.

Trending Headlines about Airbnb

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ABNB shares. Oppenheimer raised shares of Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 price target for the company in a research report on Monday, May 4th. B. Riley Financial reissued a “buy” rating on shares of Airbnb in a research report on Friday, May 8th. Needham & Company LLC began coverage on shares of Airbnb in a research report on Monday, May 4th. They issued a “buy” rating for the company. Citigroup reaffirmed an “outperform” rating on shares of Airbnb in a research note on Friday, May 8th. Finally, Morgan Stanley lowered Airbnb from an “underweight” rating to an “underweight” rating in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $157.96.

Get Our Latest Stock Report on Airbnb

Insider Transactions at Airbnb

In other news, CFO Elinor Mertz sold 7,433 shares of Airbnb stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $136.24, for a total value of $1,012,671.92. Following the completion of the transaction, the chief financial officer directly owned 449,040 shares of the company’s stock, valued at approximately $61,177,209.60. This trade represents a 1.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nathan Blecharczyk sold 2,113 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $145.09, for a total transaction of $306,575.17. Following the completion of the sale, the insider owned 12,370 shares in the company, valued at $1,794,763.30. This represents a 14.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,005,339 shares of company stock worth $273,061,091 over the last ninety days. Corporate insiders own 27.21% of the company’s stock.

Airbnb Company Profile

(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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