CreativeOne Wealth LLC Sells 265 Shares of Airbnb, Inc. (NASDAQ:ABNB)

CreativeOne Wealth LLC reduced its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,308 shares of the company’s stock after selling 265 shares during the quarter. CreativeOne Wealth LLC’s holdings in Airbnb were worth $303,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. CAP Partners LLC lifted its stake in shares of Airbnb by 3.6% in the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock valued at $293,000 after buying an additional 77 shares during the period. Lindbrook Capital LLC raised its holdings in Airbnb by 1.4% in the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock valued at $728,000 after acquiring an additional 78 shares in the last quarter. Manchester Capital Management LLC raised its holdings in Airbnb by 18.2% in the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock valued at $69,000 after acquiring an additional 81 shares in the last quarter. Salvus Wealth Management LLC lifted its position in shares of Airbnb by 2.5% in the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock worth $455,000 after acquiring an additional 84 shares during the period. Finally, Commerzbank Aktiengesellschaft FI grew its holdings in shares of Airbnb by 2.3% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 4,285 shares of the company’s stock worth $565,000 after purchasing an additional 95 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ABNB has been the subject of several research reports. Truist Financial reduced their target price on Airbnb from $123.00 to $112.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Tigress Financial raised their price objective on shares of Airbnb from $195.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, March 14th. Robert W. Baird dropped their price target on shares of Airbnb from $175.00 to $160.00 and set an “outperform” rating for the company in a research report on Tuesday, March 25th. Hsbc Global Res raised Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Finally, Baird R W upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and an average target price of $146.94.

Airbnb Price Performance

Shares of ABNB stock opened at $112.70 on Monday. The firm’s 50 day moving average price is $129.19 and its two-hundred day moving average price is $132.40. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $166.74. The stock has a market cap of $71.06 billion, a PE ratio of 27.29, a PEG ratio of 3.52 and a beta of 1.15.

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

Insider Transactions at Airbnb

In related news, CEO Brian Chesky sold 230,772 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the completion of the transaction, the chief executive officer now owns 12,000,913 shares in the company, valued at approximately $1,934,067,139.08. The trade was a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total transaction of $89,705.00. Following the completion of the sale, the chief technology officer now owns 182,614 shares in the company, valued at approximately $23,401,984.10. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,037,307 shares of company stock worth $280,842,374. 27.83% of the stock is currently owned by company insiders.

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.