Centaurus Financial Inc. Sells 4,292 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Centaurus Financial Inc. cut its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 67.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,057 shares of the company's stock after selling 4,292 shares during the period. Centaurus Financial Inc.'s holdings in Airbnb were worth $270,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of ABNB. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb in the fourth quarter worth $25,000. Park Square Financial Group LLC purchased a new position in Airbnb during the 4th quarter valued at about $26,000. Orion Capital Management LLC purchased a new stake in shares of Airbnb in the fourth quarter worth approximately $28,000. Graney & King LLC acquired a new stake in shares of Airbnb during the fourth quarter worth approximately $32,000. Finally, Whipplewood Advisors LLC purchased a new position in Airbnb during the fourth quarter valued at approximately $44,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Stock Performance

ABNB stock traded up $0.61 during trading on Wednesday, reaching $133.51. 4,501,012 shares of the stock were exchanged, compared to its average volume of 4,969,020. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $83.63 billion, a P/E ratio of 32.33, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. The stock has a 50 day simple moving average of $122.87 and a 200-day simple moving average of $130.66.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Airbnb's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 EPS. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Buying and Selling at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $130.18, for a total value of $91,126.00. Following the sale, the chief technology officer now owns 172,119 shares of the company's stock, valued at $22,406,451.42. The trade was a 0.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.80, for a total value of $27,171,338.00. Following the transaction, the director now owns 214,290 shares of the company's stock, valued at $27,171,972. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,635,768 shares of company stock valued at $201,921,499 in the last 90 days. 27.91% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ABNB. BTIG Research reissued a "neutral" rating on shares of Airbnb in a research note on Wednesday, May 28th. B. Riley reduced their price objective on Airbnb from $145.00 to $140.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. JPMorgan Chase & Co. lowered their target price on Airbnb from $160.00 to $115.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Truist Financial reaffirmed a "sell" rating and set a $106.00 price target (down from $112.00) on shares of Airbnb in a research note on Friday, May 30th. Finally, Barclays reduced their price target on Airbnb from $120.00 to $103.00 and set an "underweight" rating for the company in a report on Friday, May 2nd. Five equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Airbnb presently has an average rating of "Hold" and a consensus price target of $141.23.

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.