Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC lessened its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 6.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,503 shares of the company’s stock after selling 620 shares during the quarter. TD Private Client Wealth LLC’s holdings in Airbnb were worth $1,117,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ABNB. Golden State Wealth Management LLC bought a new stake in shares of Airbnb in the fourth quarter worth $25,000. Berbice Capital Management LLC bought a new stake in shares of Airbnb in the 4th quarter worth about $26,000. Whipplewood Advisors LLC acquired a new stake in shares of Airbnb in the 4th quarter valued at about $44,000. Cromwell Holdings LLC lifted its position in shares of Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after purchasing an additional 170 shares during the last quarter. Finally, Quarry LP acquired a new position in Airbnb in the third quarter worth about $55,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $126.00, for a total transaction of $88,200.00. Following the transaction, the chief technology officer now owns 171,419 shares of the company’s stock, valued at $21,598,794. The trade was a 0.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Brian Chesky sold 38,461 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $135.82, for a total transaction of $5,223,773.02. Following the completion of the sale, the chief executive officer now directly owns 12,498,908 shares of the company’s stock, valued at $1,697,601,684.56. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,055,909 shares of company stock valued at $289,763,290. Company insiders own 27.83% of the company’s stock.

Airbnb Price Performance

ABNB stock opened at $128.80 on Monday. The firm has a 50-day moving average of $135.72 and a two-hundred day moving average of $133.43. The firm has a market capitalization of $81.21 billion, a PE ratio of 31.19, a P/E/G ratio of 3.52 and a beta of 1.10. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.00.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 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%. On average, analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of research analyst reports. The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating and increased their target price for the stock from $110.00 to $153.00 in a report on Friday, February 14th. Tigress Financial lifted their price objective on shares of Airbnb from $195.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, March 14th. B. Riley upped their target price on Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Hsbc Global Res raised Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Finally, Evercore ISI upped their price objective on Airbnb to $155.00 and gave the stock a “hold” rating in a research note on Wednesday, January 15th. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $147.82.

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.