Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC trimmed its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 24.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,871 shares of the company’s stock after selling 590 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Airbnb were worth $255,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ABNB. Compagnie Lombard Odier SCmA lifted its holdings in 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 acquiring an additional 8,140 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Airbnb by 4.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock worth $1,119,000 after buying an additional 333 shares during the last quarter. Nordea Investment Management AB boosted its holdings in 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 purchasing an additional 273,191 shares during the period. LGT Group Foundation boosted its holdings in Airbnb by 8.1% during the third quarter. LGT Group Foundation now owns 316,545 shares of the company’s stock valued at $43,227,000 after purchasing an additional 23,716 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in Airbnb by 14.4% during the fourth quarter. Cerity Partners LLC now owns 95,572 shares of the company’s stock worth $13,011,000 after acquiring an additional 12,008 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ABNB. DA Davidson restated a “neutral” rating and issued a $145.00 target price on shares of Airbnb in a research note on Thursday. Wells Fargo & Company raised their target price on shares of Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a report on Monday, April 1st. B. Riley started coverage on shares of Airbnb in a research note on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 target price for the company. Wedbush reissued a “neutral” rating and issued a $160.00 target price on shares of Airbnb in a research report on Thursday. Finally, B. Riley Financial began coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price target on the stock. Four analysts have rated the stock with a sell rating, twenty have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $151.55.

Airbnb Stock Performance

NASDAQ ABNB traded down $10.25 on Thursday, reaching $147.65. 11,360,663 shares of the stock were exchanged, compared to its average volume of 4,543,710. 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, Inc. has a one year low of $103.55 and a one year high of $170.10. The firm has a market capitalization of $95.54 billion, a PE ratio of 20.38, a PEG ratio of 2.12 and a beta of 1.24. The company’s 50-day simple moving average is $161.68 and its two-hundred day simple moving average is $145.50.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.18. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.06 billion. During the same period last year, the firm posted $0.18 EPS. The company’s revenue was up 17.8% on a year-over-year basis. Analysts expect that Airbnb, Inc. will post 4.47 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CTO Aristotle N. Balogh sold 75,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief technology officer now owns 146,131 shares in the company, valued at approximately $22,695,605.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CTO Aristotle N. Balogh sold 75,500 shares of the 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 transaction, the chief technology officer now owns 146,131 shares in the company, valued at approximately $22,695,605.61. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Dave Stephenson sold 7,838 shares of Airbnb stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $145.98, for a total transaction of $1,144,191.24. Following the sale, the chief financial officer now owns 85,802 shares of the company’s stock, valued at $12,525,375.96. The disclosure for this sale can be found here. Insiders have sold 396,874 shares of company stock worth $63,712,671 in the last ninety days. 27.83% of the stock is owned by company insiders.

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.