Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lessened its stake in Airbnb, Inc. (NASDAQ:ABNB) by 31.6% in the third quarter, Holdings Channel reports. The fund owned 6,678 shares of the company’s stock after selling 3,091 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Airbnb were worth $842,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new position in shares of Airbnb in the third quarter valued at $25,000. Hollencrest Capital Management lifted its holdings in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after buying an additional 200 shares in the last quarter. New Millennium Group LLC acquired a new stake in shares of Airbnb during the second quarter valued at about $28,000. Cultivar Capital Inc. purchased a new stake in shares of Airbnb during the second quarter worth about $30,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Airbnb in the third quarter worth about $30,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 76,923 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $127.32, for a total value of $9,793,836.36. Following the completion of the transaction, the chief executive officer now owns 13,238,989 shares of the company’s stock, valued at $1,685,588,079.48. This represents a 0.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $137.00, for a total value of $137,000.00. Following the sale, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 550,307 shares of company stock worth $72,926,063. 27.83% of the stock is currently owned by insiders.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $132.24 on Wednesday. The business has a fifty day simple moving average of $135.94 and a 200 day simple moving average of $134.50. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The firm has a market cap of $83.84 billion, a price-to-earnings ratio of 46.40, a P/E/G ratio of 1.93 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate 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 previous year, the firm posted $2.39 EPS. As a group, sell-side analysts predict that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on ABNB. Argus lowered Airbnb from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Phillip Securities restated a “reduce” rating and set a $120.00 price objective on shares of Airbnb in a research report on Tuesday, November 12th. Citigroup boosted 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. Wells Fargo & Company lifted their price objective on shares of Airbnb from $100.00 to $102.00 and gave the company an “underweight” rating in a research report on Tuesday, October 8th. Finally, JMP Securities restated a “market perform” rating on shares of Airbnb in a research report on Monday. Six equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $138.94.

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.