Advisory Resource Group Lowers Stake in Airbnb, Inc. (NASDAQ:ABNB)

Advisory Resource Group cut its position in Airbnb, Inc. (NASDAQ:ABNB) by 25.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,764 shares of the company’s stock after selling 2,670 shares during the quarter. Advisory Resource Group’s holdings in Airbnb were worth $1,020,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ABNB. Golden State Wealth Management LLC purchased a new stake in Airbnb in the 4th quarter worth $25,000. Northwest Investment Counselors LLC bought a new stake in Airbnb during the 3rd quarter valued at approximately $25,000. Berbice Capital Management LLC bought a new position in Airbnb in the 4th quarter worth approximately $26,000. Hollencrest Capital Management grew its holdings in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after buying an additional 200 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Airbnb during the third quarter valued at approximately $30,000. 80.76% of the stock is currently owned by institutional investors.

Airbnb Stock Performance

ABNB stock opened at $134.98 on Friday. The firm has a market cap of $85.57 billion, a price-to-earnings ratio of 47.36, a PEG 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. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a 50-day simple moving average of $132.98 and a two-hundred day simple moving average of $130.04.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period in the prior year, the company earned $2.39 earnings per share. On average, equities analysts forecast that Airbnb, Inc. will post 3.97 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on ABNB shares. Citigroup lifted their price target on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a report on Monday, November 11th. DA Davidson increased their price target on Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Wedbush reaffirmed an “outperform” rating and set a $155.00 price objective on shares of Airbnb in a report on Tuesday, February 4th. JPMorgan Chase & Co. upped their price target on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Benchmark restated a “buy” rating and issued a $155.00 target price on shares of Airbnb in a report on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $139.63.

Insiders Place Their Bets

In related news, CAO David C. Bernstein sold 1,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $137.00, for a total transaction of $137,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 40,581 shares in the company, valued at $5,559,597. The trade was a 2.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $129.58, for a total transaction of $90,706.00. Following the completion of the sale, the chief technology officer now directly owns 181,914 shares in the company, 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. In the last quarter, insiders have sold 1,417,704 shares of company stock valued at $187,654,829. Insiders own 27.83% of the company’s stock.

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.