Apollon Wealth Management LLC Has $1.08 Million Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Apollon Wealth Management LLC cut its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,233 shares of the company’s stock after selling 472 shares during the period. Apollon Wealth Management LLC’s holdings in Airbnb were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Joel Isaacson & Co. LLC lifted its position in Airbnb by 29.3% during the 4th quarter. Joel Isaacson & Co. LLC now owns 3,764 shares of the company’s stock valued at $495,000 after purchasing an additional 853 shares during the period. Golden State Wealth Management LLC acquired a new position in Airbnb during the 4th quarter valued at about $25,000. Centerline Wealth Advisors LLC acquired a new position in Airbnb during the 4th quarter valued at about $265,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Airbnb by 14.6% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 123,382 shares of the company’s stock valued at $16,214,000 after purchasing an additional 15,762 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in Airbnb by 0.8% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,048,013 shares of the company’s stock valued at $137,719,000 after purchasing an additional 8,777 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the completion of the sale, the director now owns 10,321 shares of the company’s stock, valued at $1,352,876.68. This trade represents a 95.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Nathan Blecharczyk sold 9,603 shares of the firm’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the sale, the insider now directly owns 164,850 shares of the company’s stock, valued at $21,466,767. This represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,417,704 shares of company stock valued at $187,654,829. 27.83% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of research reports. Evercore ISI upped their target price on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research report on Wednesday, January 15th. Robert W. Baird upped their price target on Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Jefferies Financial Group upped their price target on Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Phillip Securities reaffirmed a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a research note on Tuesday, November 12th. Finally, Morgan Stanley upped their price target on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Six analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average target price of $139.63.

Airbnb Trading Down 0.5 %

NASDAQ ABNB opened at $134.52 on Wednesday. The company has a market cap of $85.28 billion, a PE ratio of 47.20, a PEG ratio of 1.88 and a beta of 1.12. 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 12 month low of $110.38 and a 12 month high of $170.10. The stock has a 50 day moving average of $132.87 and a 200-day moving average of $129.87.

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.