Dynasty Wealth Management LLC Sells 9,857 Shares of Airbnb, Inc. $ABNB

Dynasty Wealth Management LLC decreased its position in Airbnb, Inc. (NASDAQ:ABNB) by 70.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,218 shares of the company’s stock after selling 9,857 shares during the quarter. Dynasty Wealth Management LLC’s holdings in Airbnb were worth $512,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ABNB. Kentucky Trust Co acquired a new stake in shares of Airbnb in the second quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its stake in Airbnb by 70.9% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 83 shares in the last quarter. Concord Wealth Partners bought a new stake in shares of Airbnb in the second quarter valued at approximately $28,000. Whipplewood Advisors LLC lifted its position in Airbnb by 235.3% during the second quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock worth $30,000 after purchasing an additional 160 shares during the period. Finally, Armstrong Advisory Group Inc. boosted its position in shares of Airbnb by 363.6% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock worth $34,000 after acquiring an additional 200 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on the company. BTIG Research reissued a “neutral” rating on shares of Airbnb in a research note on Friday, November 7th. Truist Financial raised their price objective on shares of Airbnb from $104.00 to $107.00 and gave the stock a “sell” rating in a report on Thursday, December 4th. Barclays set a $120.00 price objective on Airbnb and gave the company an “equal weight” rating in a research note on Friday, January 9th. BNP Paribas Exane assumed coverage on Airbnb in a research report on Monday, November 24th. They set a “neutral” rating on the stock. Finally, UBS Group set a $130.00 target price on shares of Airbnb in a report on Tuesday, January 13th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty-one have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and a consensus target price of $147.84.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $130.73 on Wednesday. The company has a market capitalization of $80.47 billion, a price-to-earnings ratio of 31.05, a P/E/G ratio of 2.03 and a beta of 1.09. The company has a 50 day simple moving average of $128.17 and a two-hundred day simple moving average of $127.60. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Airbnb had a return on equity of 32.14% and a net margin of 22.03%.Airbnb’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.13 earnings per share. On average, analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Airbnb news, Director Joseph Gebbia sold 58,000 shares of the stock in a transaction that occurred on Monday, January 12th. The shares were sold at an average price of $138.45, for a total transaction of $8,030,100.00. Following the completion of the sale, the director directly owned 518,015 shares of the company’s stock, valued at $71,719,176.75. This trade represents a 10.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 2,565 shares of Airbnb stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $134.79, for a total value of $345,736.35. Following the completion of the sale, the chief technology officer directly owned 165,086 shares in the company, valued at $22,251,941.94. This trade represents a 1.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 1,401,156 shares of company stock worth $173,365,363. Company insiders own 27.83% of the company’s stock.

Airbnb Company Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.