Define Financial LLC Sells 27,166 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Define Financial LLC decreased its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 87.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,919 shares of the company's stock after selling 27,166 shares during the quarter. Airbnb accounts for about 0.3% of Define Financial LLC's investment portfolio, making the stock its 15th largest holding. Define Financial LLC's holdings in Airbnb were worth $449,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in shares of Airbnb during the 4th quarter valued at $25,000. Park Square Financial Group LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at about $26,000. Orion Capital Management LLC acquired a new position in shares of Airbnb during the 4th quarter worth about $28,000. Graney & King LLC acquired a new position in Airbnb during the 4th quarter valued at $32,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Airbnb in the 4th quarter worth approximately $44,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 236,000 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $139.40, for a total transaction of $32,898,400.00. Following the completion of the transaction, the director now directly owns 1,180,015 shares of the company's stock, valued at $164,494,091. The trade was a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $126.60, for a total transaction of $4,869,162.60. Following the completion of the sale, the chief executive officer now directly owns 11,770,144 shares of the company's stock, valued at approximately $1,490,100,230.40. This trade represents a 0.33% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,663,033 shares of company stock worth $208,384,185. Company insiders own 27.91% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Truist Financial reaffirmed a "sell" rating and set a $106.00 price objective (down previously from $112.00) on shares of Airbnb in a report on Friday, May 30th. JMP Securities reissued a "market perform" rating on shares of Airbnb in a research note on Friday, May 2nd. Royal Bank of Canada cut their price target on shares of Airbnb from $160.00 to $140.00 and set a "sector perform" rating on the stock in a research note on Friday, May 2nd. Phillip Securities cut shares of Airbnb from a "hold" rating to a "moderate sell" rating in a research report on Friday, May 9th. Finally, Wedbush cut Airbnb from an "outperform" rating to a "neutral" rating and cut their target price for the company from $150.00 to $135.00 in a research note on Friday, May 2nd. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong 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 $141.23.

Airbnb Stock Down 2.9%

Shares of Airbnb stock traded down $4.02 during trading on Friday, hitting $134.79. The company's stock had a trading volume of 3,091,576 shares, compared to its average volume of 5,007,931. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The company has a market capitalization of $84.43 billion, a PE ratio of 32.67, a P/E/G ratio of 3.52 and a beta of 1.14. The company has a fifty day simple moving average of $125.71 and a two-hundred day simple moving average of $130.81. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The business had revenue of $2.27 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same quarter in the previous year, the business posted $0.41 earnings per share. Airbnb's revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Airbnb 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.