Atria Investments Inc Sells 2,874 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Atria Investments Inc trimmed its stake in Airbnb, Inc. (NASDAQ:ABNB) by 6.8% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,638 shares of the company’s stock after selling 2,874 shares during the period. Atria Investments Inc’s holdings in Airbnb were worth $5,026,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Transcendent Capital Group LLC purchased a new position in Airbnb during the first quarter worth $25,000. New Millennium Group LLC purchased a new position in shares of Airbnb during the 2nd quarter worth about $28,000. Pathway Financial Advisers LLC bought a new position in Airbnb during the 1st quarter valued at about $33,000. Cultivar Capital Inc. purchased a new stake in Airbnb in the 2nd quarter worth about $30,000. Finally, Northwest Investment Counselors LLC bought a new stake in Airbnb in the third quarter worth about $25,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Trading Down 3.1 %

Shares of Airbnb stock opened at $133.20 on Wednesday. The firm’s 50 day simple moving average is $129.54 and its two-hundred day simple moving average is $137.20. The firm has a market capitalization of $85.46 billion, a price-to-earnings ratio of 46.91, a PEG ratio of 1.90 and a beta of 1.15. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a return on equity of 33.36% and a net margin of 16.96%. During the same quarter last year, the business earned $2.39 EPS. Analysts predict that Airbnb, Inc. will post 4.07 EPS for the current year.

Insider Buying and Selling

In related news, Director Joseph Gebbia sold 11,635 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total value of $1,596,322.00. Following the transaction, the director now owns 16,472 shares in the company, valued at approximately $2,259,958.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $135.33, for a total transaction of $81,198.00. Following the completion of the transaction, the chief technology officer now owns 192,244 shares in the company, valued at approximately $26,016,380.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joseph Gebbia sold 11,635 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total value of $1,596,322.00. Following the completion of the sale, the director now owns 16,472 shares in the company, valued at $2,259,958.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 417,806 shares of company stock valued at $51,809,831 over the last quarter. 27.83% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ABNB has been the topic of several recent analyst reports. Mizuho reduced their price target on Airbnb from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, September 13th. Sanford C. Bernstein decreased their target price on Airbnb from $174.00 to $155.00 and set an “outperform” rating for the company in a research report on Tuesday, September 17th. Wedbush upped their price target on shares of Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a report on Wednesday, August 7th. Finally, Cantor Fitzgerald restated an “underweight” rating and issued a $94.00 target price on shares of Airbnb in a research note on Monday, October 7th. Six analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $139.31.

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.