Sequoia Financial Advisors LLC Sells 1,753 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Sequoia Financial Advisors LLC decreased its position in Airbnb, Inc. (NASDAQ:ABNBFree Report) by 27.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,631 shares of the company’s stock after selling 1,753 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Airbnb were worth $764,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. CHURCHILL MANAGEMENT Corp bought a new stake in shares of Airbnb in the 1st quarter valued at approximately $7,628,000. Compagnie Lombard Odier SCmA grew its stake in shares of Airbnb by 34.7% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 31,612 shares of the company’s stock valued at $4,304,000 after buying an additional 8,140 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Airbnb by 4.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock valued at $1,119,000 after buying an additional 333 shares in the last quarter. Rafferty Asset Management LLC grew its stake in shares of Airbnb by 18.4% in the 4th quarter. Rafferty Asset Management LLC now owns 144,848 shares of the company’s stock valued at $19,720,000 after buying an additional 22,551 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Airbnb by 27.5% in the 4th quarter. Nordea Investment Management AB now owns 1,268,390 shares of the company’s stock valued at $172,742,000 after buying an additional 273,191 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

Shares of ABNB stock opened at $152.50 on Friday. The stock’s fifty day moving average is $149.56 and its 200-day moving average is $151.20. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market capitalization of $98.22 billion, a PE ratio of 20.41, a PEG ratio of 1.89 and a beta of 1.18. Airbnb, Inc. has a 52 week low of $113.24 and a 52 week high of $170.10.

Airbnb (NASDAQ:ABNBGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.23 by $0.18. The company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The business’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.18 earnings per share. Equities research analysts expect that Airbnb, Inc. will post 4.65 EPS for the current fiscal year.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $161.55, for a total transaction of $96,930.00. Following the transaction, the chief technology officer now owns 222,304 shares of the company’s stock, valued at $35,913,211.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $161.55, for a total transaction of $96,930.00. Following the transaction, the chief technology officer now owns 222,304 shares of the company’s stock, valued at $35,913,211.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Chesky sold 115,385 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $146.08, for a total value of $16,855,440.80. Following the transaction, the chief executive officer now directly owns 14,260,457 shares in the company, valued at approximately $2,083,167,558.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 424,922 shares of company stock worth $62,811,386. Insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ABNB. B. Riley began coverage on Airbnb in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 target price for the company. Piper Sandler restated a “neutral” rating and issued a $155.00 target price (up from $145.00) on shares of Airbnb in a report on Thursday, May 9th. Mizuho upgraded Airbnb from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $150.00 to $200.00 in a report on Wednesday, April 24th. Benchmark began coverage on Airbnb in a report on Thursday, April 11th. They issued a “buy” rating and a $190.00 target price for the company. Finally, TD Cowen reduced their target price on Airbnb from $180.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Four equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $152.38.

Read Our Latest Analysis on ABNB

Airbnb Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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