Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Cromwell Holdings LLC

Cromwell Holdings LLC cut its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 85.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 206 shares of the company’s stock after selling 1,183 shares during the period. Cromwell Holdings LLC’s holdings in Airbnb were worth $26,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Sunbelt Securities Inc. boosted its position in Airbnb by 26.3% during the first quarter. Sunbelt Securities Inc. now owns 1,139 shares of the company’s stock worth $188,000 after acquiring an additional 237 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its position in shares of Airbnb by 3.8% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 3,796 shares of the company’s stock worth $626,000 after purchasing an additional 139 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Airbnb by 163.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 59,809 shares of the company’s stock worth $9,866,000 after buying an additional 37,127 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Airbnb in the first quarter valued at $215,000. Finally, Romano Brothers AND Company purchased a new stake in shares of Airbnb in the 1st quarter valued at $210,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ABNB shares. Robert W. Baird dropped their target price on Airbnb from $140.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. UBS Group upped their target price on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday. Benchmark reissued a “buy” rating and issued a $155.00 price target on shares of Airbnb in a research report on Monday, August 26th. JPMorgan Chase & Co. cut their price objective on Airbnb from $145.00 to $121.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Finally, Mizuho decreased their target price on Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, September 13th. Five analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $135.35.

Airbnb Trading Up 1.4 %

NASDAQ ABNB opened at $134.58 on Friday. The firm’s fifty day moving average is $124.97 and its two-hundred day moving average is $139.19. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market cap of $86.68 billion, a PE ratio of 18.02, a P/E/G ratio of 1.83 and a beta of 1.17. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Analysts expect that Airbnb, Inc. will post 4.33 earnings per share for the current year.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $136.11, for a total transaction of $81,666.00. Following the transaction, the chief technology officer now directly owns 192,844 shares in the company, valued at approximately $26,247,996.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Brian Chesky sold 230,769 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $27,692,280.00. Following the sale, the chief executive officer now directly owns 13,315,912 shares in the company, valued at $1,597,909,440. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $136.11, for a total value of $81,666.00. Following the sale, the chief technology officer now owns 192,844 shares in the company, valued at approximately $26,247,996.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 406,171 shares of company stock valued at $50,208,253 in the last ninety days. 27.83% of the stock is currently owned by company insiders.

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.