Parkside Financial Bank & Trust Cuts Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Parkside Financial Bank & Trust lessened its stake in Airbnb, Inc. (NASDAQ:ABNB) by 55.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 340 shares of the company’s stock after selling 419 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Airbnb were worth $46,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ABNB. CVA Family Office LLC acquired a new stake in Airbnb during the 4th quarter worth $26,000. Orion Capital Management LLC acquired a new stake in Airbnb during the 3rd quarter worth $27,000. McGlone Suttner Wealth Management Inc. acquired a new stake in Airbnb during the 4th quarter worth $30,000. Farmers & Merchants Investments Inc. acquired a new stake in Airbnb during the 3rd quarter worth $39,000. Finally, Venturi Wealth Management LLC boosted its stake in Airbnb by 36.2% during the 4th quarter. Venturi Wealth Management LLC now owns 301 shares of the company’s stock worth $41,000 after purchasing an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Up 0.7 %

Shares of NASDAQ:ABNB opened at $164.23 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market capitalization of $106.27 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 2.08 and a beta of 1.25. The firm’s 50-day moving average is $160.44 and its two-hundred day moving average is $143.42. Airbnb, Inc. has a 1 year low of $103.55 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB) last released its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. Analysts predict that Airbnb, Inc. will post 4.65 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ABNB. UBS Group lowered their target price on shares of Airbnb from $148.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. Piper Sandler lifted their target price on shares of Airbnb from $136.00 to $145.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. B. Riley began coverage on shares of Airbnb in a research note on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 target price on the stock. Barclays boosted their price target on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research report on Monday, January 29th. Finally, Susquehanna boosted their price target on shares of Airbnb from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Wednesday, February 14th. Four analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $149.19.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $157.24, for a total transaction of $94,344.00. Following the sale, the chief technology officer now directly owns 221,104 shares in the company, valued at $34,766,392.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CTO Aristotle N. Balogh sold 78,682 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total value of $13,320,862.60. Following the completion of the transaction, the chief technology officer now directly owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $157.24, for a total value of $94,344.00. Following the completion of the transaction, the chief technology officer now directly owns 221,104 shares of the company’s stock, valued at $34,766,392.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 456,274 shares of company stock worth $72,410,859. Company insiders own 30.84% of the company’s stock.

About Airbnb

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.