Axxcess Wealth Management LLC Sells 107 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Axxcess Wealth Management LLC lessened its stake in Airbnb, Inc. (NASDAQ:ABNB) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,285 shares of the company’s stock after selling 107 shares during the period. Axxcess Wealth Management LLC’s holdings in Airbnb were worth $563,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. OneDigital Investment Advisors LLC increased its position in Airbnb by 6.8% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,223 shares of the company’s stock valued at $282,000 after purchasing an additional 142 shares during the period. Quest Partners LLC boosted its stake in shares of Airbnb by 3,643.9% in the 3rd quarter. Quest Partners LLC now owns 2,134 shares of the company’s stock valued at $271,000 after purchasing an additional 2,077 shares during the last quarter. Avior Wealth Management LLC increased its position in shares of Airbnb by 20.3% during the third quarter. Avior Wealth Management LLC now owns 1,032 shares of the company’s stock worth $131,000 after buying an additional 174 shares during the period. Commerce Bank raised its stake in Airbnb by 14.2% during the third quarter. Commerce Bank now owns 21,338 shares of the company’s stock worth $2,706,000 after buying an additional 2,658 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in Airbnb by 11.5% in the third quarter. Advisors Asset Management Inc. now owns 14,368 shares of the company’s stock valued at $1,822,000 after buying an additional 1,479 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 20,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $131.87, for a total transaction of $2,637,400.00. Following the completion of the transaction, the chief technology officer now owns 185,414 shares in the company, valued at approximately $24,450,544.18. This represents a 9.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 38,461 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $133.58, for a total value of $5,137,620.38. Following the completion of the sale, the chief executive officer now owns 12,537,369 shares in the company, valued at $1,674,741,751.02. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,094,370 shares of company stock worth $294,900,910 in the last quarter. Insiders own 27.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ABNB. Susquehanna increased their price target on Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a report on Tuesday, February 18th. Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Bank of America increased their price target on Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research note on Friday, February 14th. Finally, Tigress Financial boosted their target price on shares of Airbnb from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, March 14th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Airbnb presently has an average rating of “Hold” and a consensus target price of $147.82.

Airbnb Stock Up 2.1 %

Shares of NASDAQ:ABNB opened at $128.80 on Friday. The company has a market capitalization of $81.21 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.00. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The business has a fifty day moving average price of $135.72 and a two-hundred day moving average price of $133.18.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

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.