Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Bordeaux Wealth Advisors LLC

Bordeaux Wealth Advisors LLC lowered its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 43.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,704 shares of the company's stock after selling 2,865 shares during the quarter. Bordeaux Wealth Advisors LLC's holdings in Airbnb were worth $442,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of ABNB. Highland Capital Management LLC lifted its holdings in Airbnb by 48.7% during the first quarter. Highland Capital Management LLC now owns 39,492 shares of the company's stock worth $4,718,000 after buying an additional 12,933 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Airbnb by 6.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 137,333 shares of the company's stock worth $16,575,000 after buying an additional 8,607 shares during the last quarter. Lafayette Investments Inc. bought a new position in shares of Airbnb during the 1st quarter worth approximately $232,000. Jaffetilchin Investment Partners LLC raised its stake in shares of Airbnb by 1.1% during the 1st quarter. Jaffetilchin Investment Partners LLC now owns 17,854 shares of the company's stock worth $2,133,000 after acquiring an additional 187 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC raised its stake in shares of Airbnb by 209.6% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock worth $31,000 after acquiring an additional 174 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

Airbnb Price Performance

Shares of ABNB traded up $0.80 during mid-day trading on Friday, reaching $134.52. The stock had a trading volume of 4,929,624 shares, compared to its average volume of 5,039,164. The firm has a market cap of $84.26 billion, a price-to-earnings ratio of 33.97, a P/E/G ratio of 2.52 and a beta of 1.14. The business's fifty day moving average is $130.00 and its 200 day moving average is $130.39. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). Airbnb had a return on equity of 30.91% and a net margin of 22.60%. The company had revenue of $2.27 billion for the quarter, compared to analysts' expectations of $2.26 billion. During the same period last year, the business earned $0.41 EPS. The company's quarterly revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Joseph Gebbia sold 236,000 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $129.46, for a total value of $30,552,560.00. Following the sale, the director now owns 944,015 shares of the company's stock, valued at $122,212,181.90. This trade represents a 20.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $132.27, for a total value of $79,362.00. Following the completion of the transaction, the chief technology officer now directly owns 212,777 shares of the company's stock, valued at $28,144,013.79. This trade represents a 0.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,646,087 shares of company stock worth $206,326,144 in the last ninety days. 27.83% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ABNB has been the topic of several research reports. Wells Fargo & Company upped their target price on Airbnb from $100.00 to $104.00 and gave the company an "underweight" rating in a research report on Friday, May 2nd. UBS Group dropped their price objective on shares of Airbnb from $160.00 to $138.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. BTIG Research reissued a "neutral" rating on shares of Airbnb in a report on Wednesday, May 28th. Citigroup lowered their price target on shares of Airbnb from $170.00 to $155.00 and set a "buy" rating on the stock in a report on Monday, May 5th. Finally, Barclays lowered their target price on Airbnb from $120.00 to $103.00 and set an "underweight" rating on the stock in a research note on Friday, May 2nd. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $141.23.

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.