Axxcess Wealth Management LLC Sells 107 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Axxcess Wealth Management LLC trimmed its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,285 shares of the company’s stock after selling 107 shares during the period. Axxcess Wealth Management LLC’s holdings in Airbnb were worth $563,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in Airbnb during the fourth quarter valued at approximately $25,000. Berbice Capital Management LLC acquired a new stake in shares of Airbnb in the 4th quarter valued at approximately $26,000. Whipplewood Advisors LLC bought a new position in shares of Airbnb in the fourth quarter valued at $44,000. Cromwell Holdings LLC grew its stake in shares of Airbnb by 82.5% in the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after buying an additional 170 shares in the last quarter. Finally, Quarry LP acquired a new position in Airbnb during the third quarter worth $55,000. Institutional investors own 80.76% of the company’s stock.

Airbnb Trading Up 2.1 %

Shares of ABNB opened at $128.80 on Friday. 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 $110.38 and a 52-week high of $170.00. The firm has a market cap of $81.21 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 3.52 and a beta of 1.10. The business’s fifty day moving average is $135.72 and its 200-day moving average is $133.18.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Equities analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Nathan Blecharczyk sold 183,078 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the sale, the insider now owns 164,850 shares in the company, valued at $26,046,300. The trade was a 52.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $126.00, for a total value of $88,200.00. Following the completion of the transaction, the chief technology officer now owns 171,419 shares of the company’s stock, valued at $21,598,794. This represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,094,370 shares of company stock worth $294,900,910 in the last three months. 27.83% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on ABNB shares. Hsbc Global Res raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Morgan Stanley lifted their price target on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Robert W. Baird upgraded Airbnb from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $140.00 to $175.00 in a research note on Friday, February 14th. Benchmark lifted their target price on Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, Truist Financial decreased their target price on Airbnb from $123.00 to $112.00 and set a “hold” rating on the stock in a report on Friday. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Airbnb currently has an average rating of “Hold” and an average price target of $147.82.

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.