Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Circle Wealth Management LLC

Circle Wealth Management LLC reduced its stake in Airbnb, Inc. (NASDAQ:ABNBGet Rating) by 17.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,904 shares of the company’s stock after selling 842 shares during the period. Circle Wealth Management LLC’s holdings in Airbnb were worth $671,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. CWM LLC raised its stake in Airbnb by 2.5% in the first quarter. CWM LLC now owns 2,699 shares of the company’s stock valued at $464,000 after buying an additional 65 shares in the last quarter. Asset Dedication LLC raised its stake in Airbnb by 46.4% in the first quarter. Asset Dedication LLC now owns 224 shares of the company’s stock valued at $39,000 after buying an additional 71 shares in the last quarter. Foundations Investment Advisors LLC raised its stake in Airbnb by 1.6% in the first quarter. Foundations Investment Advisors LLC now owns 4,703 shares of the company’s stock valued at $803,000 after buying an additional 72 shares in the last quarter. Tsfg LLC grew its holdings in shares of Airbnb by 42.7% during the first quarter. Tsfg LLC now owns 264 shares of the company’s stock worth $45,000 after purchasing an additional 79 shares during the last quarter. Finally, JT Stratford LLC grew its holdings in shares of Airbnb by 6.0% during the fourth quarter. JT Stratford LLC now owns 1,420 shares of the company’s stock worth $236,000 after purchasing an additional 80 shares during the last quarter. 39.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. JMP Securities lowered Airbnb from an “outperform” rating to a “market perform” rating in a report on Wednesday, June 22nd. Susquehanna dropped their price objective on Airbnb from $190.00 to $150.00 and set a “positive” rating on the stock in a report on Wednesday, August 3rd. Morgan Stanley raised their price objective on Airbnb from $100.00 to $125.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 23rd. KeyCorp dropped their price objective on Airbnb from $195.00 to $145.00 and set an “overweight” rating on the stock in a report on Monday, August 1st. Finally, Canaccord Genuity Group dropped their price objective on Airbnb from $200.00 to $175.00 and set a “buy” rating on the stock in a report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average target price of $159.15.

Airbnb Price Performance

ABNB stock opened at $123.48 on Friday. The firm has a 50 day moving average of $109.42 and a 200-day moving average of $128.34. Airbnb, Inc. has a 12-month low of $86.71 and a 12-month high of $212.58. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.38. The company has a market cap of $80.10 billion, a price-to-earnings ratio of 67.48 and a beta of 1.14.

Airbnb (NASDAQ:ABNBGet Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. Airbnb had a net margin of 16.91% and a return on equity of 26.03%. During the same quarter in the prior year, the business posted ($0.11) earnings per share. As a group, equities analysts expect that Airbnb, Inc. will post 2.24 EPS for the current fiscal year.

Insiders Place Their Bets

In other Airbnb news, Director Joseph Gebbia sold 22,597 shares of Airbnb stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $114.22, for a total value of $2,581,029.34. Following the completion of the sale, the director now directly owns 127,050 shares of the company’s stock, valued at approximately $14,511,651. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Airbnb news, CTO Aristotle N. Balogh sold 2,500 shares of Airbnb stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $89.09, for a total value of $222,725.00. Following the completion of the sale, the chief technology officer now directly owns 263,703 shares of the company’s stock, valued at approximately $23,493,300.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph Gebbia sold 22,597 shares of Airbnb stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $114.22, for a total transaction of $2,581,029.34. Following the completion of the sale, the director now directly owns 127,050 shares of the company’s stock, valued at $14,511,651. The disclosure for this sale can be found here. In the last three months, insiders sold 827,700 shares of company stock valued at $88,666,140. Company insiders own 32.69% of the company’s stock.

Airbnb Company Profile

(Get Rating)

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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