Knowledge Leaders Capital LLC Sells 178 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Knowledge Leaders Capital LLC decreased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 3.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,540 shares of the company’s stock after selling 178 shares during the period. Knowledge Leaders Capital LLC’s holdings in Airbnb were worth $754,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ABNB. Mount Vernon Associates Inc. MD raised its position in Airbnb by 1.0% during the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,270 shares of the company’s stock valued at $990,000 after purchasing an additional 75 shares in the last quarter. Cambridge Trust Co. raised its position in Airbnb by 10.0% during the fourth quarter. Cambridge Trust Co. now owns 825 shares of the company’s stock valued at $112,000 after purchasing an additional 75 shares in the last quarter. Waldron Private Wealth LLC raised its position in Airbnb by 0.5% during the fourth quarter. Waldron Private Wealth LLC now owns 16,171 shares of the company’s stock valued at $2,201,000 after purchasing an additional 78 shares in the last quarter. Venturi Wealth Management LLC raised its position in Airbnb by 36.2% during the fourth quarter. Venturi Wealth Management LLC now owns 301 shares of the company’s stock valued at $41,000 after purchasing an additional 80 shares in the last quarter. Finally, Centurion Wealth Management LLC raised its position in Airbnb by 2.3% during the fourth quarter. Centurion Wealth Management LLC now owns 3,605 shares of the company’s stock valued at $491,000 after purchasing an additional 81 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on ABNB. Piper Sandler raised their price target on Airbnb from $136.00 to $145.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Tigress Financial lifted their price objective on Airbnb from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, April 5th. B. Riley Financial began coverage on Airbnb in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price objective on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a report on Thursday, April 11th. Finally, Benchmark began coverage on Airbnb in a report on Thursday, April 11th. They issued a “buy” rating and a $190.00 price objective on the stock. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $149.19.

Airbnb Stock Up 0.7 %

Shares of ABNB traded up $1.22 during mid-day trading on Friday, reaching $164.23. The company had a trading volume of 2,821,077 shares, compared to its average volume of 2,991,706. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. The firm has a 50-day moving average price of $160.44 and a 200 day moving average price of $143.42. Airbnb, Inc. has a 52 week low of $103.55 and a 52 week high of $170.10. The company has a market capitalization of $106.27 billion, a price-to-earnings ratio of 22.68, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The firm had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.16 billion. On average, sell-side analysts forecast that Airbnb, Inc. will post 4.47 EPS for the current year.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 75,500 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The stock was sold at an average price of $155.31, for a total value of $11,725,905.00. Following the transaction, the chief technology officer now directly owns 146,131 shares of the company’s stock, valued at approximately $22,695,605.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred 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 directly owns 221,104 shares of the company’s stock, valued at approximately $34,766,392.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 75,500 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $155.31, for a total value of $11,725,905.00. Following the completion of the transaction, the chief technology officer now directly owns 146,131 shares in the company, valued at $22,695,605.61. The disclosure for this sale can be found here. Insiders have sold a total of 456,274 shares of company stock valued at $72,410,859 in the last ninety days. 30.84% of the stock is currently owned by corporate insiders.

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.