Atria Wealth Solutions Inc. Sells 863 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Atria Wealth Solutions Inc. lowered its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 5.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 15,180 shares of the company’s stock after selling 863 shares during the period. Atria Wealth Solutions Inc.’s holdings in Airbnb were worth $2,067,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ABNB. Vanguard Group Inc. lifted its position in shares of Airbnb by 43.0% in the 3rd quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock worth $4,697,896,000 after purchasing an additional 10,301,746 shares during the period. Northern Trust Corp boosted its position in Airbnb by 41.3% during the 3rd quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock valued at $598,745,000 after acquiring an additional 1,276,456 shares in the last quarter. Legal & General Group Plc raised its position in shares of Airbnb by 5.0% in the 3rd quarter. Legal & General Group Plc now owns 2,568,807 shares of the company’s stock worth $352,466,000 after acquiring an additional 121,651 shares in the last quarter. Alphinity Investment Management Pty Ltd lifted its stake in shares of Airbnb by 48.3% during the 4th quarter. Alphinity Investment Management Pty Ltd now owns 2,496,885 shares of the company’s stock worth $339,926,000 after purchasing an additional 813,074 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Airbnb by 69.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,301,395 shares of the company’s stock valued at $315,774,000 after purchasing an additional 943,520 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on ABNB shares. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research report on Thursday, April 11th. Wedbush reaffirmed a “neutral” rating and issued a $160.00 price target on shares of Airbnb in a report on Thursday, April 18th. DA Davidson reiterated a “neutral” rating and set a $145.00 price objective on shares of Airbnb in a report on Friday, March 15th. Barclays raised their price objective on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Monday, January 29th. Finally, UBS Group reduced their target price on Airbnb from $148.00 to $143.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $149.19.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $157.24, for a total value of $94,344.00. Following the transaction, the chief technology officer now directly owns 221,104 shares of the company’s stock, valued at approximately $34,766,392.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $157.24, for a total value of $94,344.00. Following the transaction, the chief technology officer now owns 221,104 shares in the company, valued at approximately $34,766,392.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 22,170 shares of Airbnb stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $169.18, for a total transaction of $3,750,720.60. Following the sale, the chief technology officer now directly owns 143,731 shares in the company, valued at approximately $24,316,410.58. The disclosure for this sale can be found here. Insiders sold 456,274 shares of company stock valued at $72,410,859 over the last 90 days. Corporate insiders own 27.83% of the company’s stock.

Airbnb Stock Down 1.2 %

Shares of ABNB opened at $162.25 on Tuesday. The firm has a market cap of $104.99 billion, a P/E ratio of 22.41, a PEG ratio of 2.18 and a beta of 1.25. Airbnb, Inc. has a 12 month low of $103.55 and a 12 month high of $170.10. The stock’s 50 day moving average is $160.63 and its two-hundred day moving average is $143.86. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. Analysts predict that Airbnb, Inc. will post 4.47 earnings per share for the current fiscal 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.