EverSource Wealth Advisors LLC Sells 187 Shares of Airbnb, Inc. (NASDAQ:ABNB)

EverSource Wealth Advisors LLC lessened its stake in shares of Airbnb, Inc. (NASDAQ:ABNBGet Rating) by 42.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 252 shares of the company’s stock after selling 187 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Airbnb were worth $43,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new stake in shares of Airbnb during the fourth quarter worth $25,000. City State Bank acquired a new position in shares of Airbnb during the fourth quarter worth $25,000. Core Wealth Advisors Inc. acquired a new position in shares of Airbnb during the fourth quarter worth $26,000. Elequin Capital LP acquired a new position in shares of Airbnb during the first quarter worth $27,000. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Airbnb during the fourth quarter worth $28,000. Institutional investors own 39.45% of the company’s stock.

Insiders Place Their Bets

In other Airbnb news, Director Belinda J. Johnson sold 1,000 shares of the company’s stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $106.98, for a total value of $106,980.00. Following the completion of the sale, the director now directly owns 5,920 shares of the company’s stock, valued at approximately $633,321.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Joseph Gebbia sold 250,000 shares of the stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $121.87, for a total transaction of $30,467,500.00. Following the completion of the transaction, the director now directly owns 1,750,101 shares of the company’s stock, valued at approximately $213,284,808.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Belinda J. Johnson sold 1,000 shares of the stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $106.98, for a total transaction of $106,980.00. Following the transaction, the director now directly owns 5,920 shares of the company’s stock, valued at $633,321.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 845,669 shares of company stock valued at $96,323,645. Corporate insiders own 32.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Canaccord Genuity Group cut their price target on shares of Airbnb from $200.00 to $175.00 and set a “buy” rating on the stock in a report on Thursday, August 4th. Argus assumed coverage on shares of Airbnb in a report on Tuesday, July 26th. They set a “hold” rating on the stock. Robert W. Baird cut their price target on shares of Airbnb from $155.00 to $140.00 and set an “outperform” rating on the stock in a report on Wednesday, August 3rd. Mizuho cut their price target on shares of Airbnb from $175.00 to $135.00 and set a “neutral” rating on the stock in a report on Wednesday, August 3rd. Finally, DA Davidson dropped their target price on shares of Airbnb from $210.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $159.15.

Airbnb Trading Down 5.0 %

NASDAQ:ABNB opened at $118.75 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.58 and a quick ratio of 1.58. The firm has a 50-day moving average of $112.90 and a 200-day moving average of $126.80. The company has a market cap of $77.03 billion, a PE ratio of 64.89 and a beta of 1.14. Airbnb, Inc. has a one year low of $86.71 and a one year high of $212.58.

Airbnb (NASDAQ:ABNBGet Rating) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. Airbnb had a net margin of 16.91% and a return on equity of 26.03%. During the same period in the prior year, the business posted ($0.11) earnings per share. As a group, equities research analysts expect that Airbnb, Inc. will post 2.25 EPS for the current fiscal year.

About Airbnb

(Get Rating)

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.

Further Reading

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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