Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by GTS Securities LLC

GTS Securities LLC trimmed its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 86.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,333 shares of the company's stock after selling 20,839 shares during the quarter. GTS Securities LLC's holdings in Airbnb were worth $438,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Baltimore Washington Financial Advisors Inc. grew its holdings in Airbnb by 14.8% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company's stock worth $6,498,000 after buying an additional 6,357 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Airbnb in the fourth quarter worth approximately $1,445,000. SYM FINANCIAL Corp acquired a new stake in Airbnb in the fourth quarter worth approximately $451,000. Janney Montgomery Scott LLC lifted its position in Airbnb by 25.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 50,964 shares of the company's stock worth $6,697,000 after purchasing an additional 10,347 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its position in Airbnb by 43.4% in the fourth quarter. Chicago Partners Investment Group LLC now owns 14,412 shares of the company's stock worth $1,885,000 after purchasing an additional 4,363 shares during the period. 80.76% of the stock is owned by institutional investors.

Insider Activity at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $140.10, for a total transaction of $875,625.00. Following the completion of the transaction, the chief financial officer now directly owns 449,463 shares of the company's stock, valued at $62,969,766.30. The trade was a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $128.66, for a total value of $30,363,760.00. Following the sale, the director now directly owns 1,416,015 shares in the company, valued at $182,184,489.90. This trade represents a 14.29% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,628,434 shares of company stock valued at $201,057,164. 27.91% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ABNB. Hsbc Global Res upgraded Airbnb from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Argus raised shares of Airbnb from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Royal Bank of Canada lowered their target price on shares of Airbnb from $160.00 to $140.00 and set a "sector perform" rating on the stock in a research report on Friday, May 2nd. Truist Financial reaffirmed a "sell" rating and issued a $106.00 price target (down from $112.00) on shares of Airbnb in a research report on Friday. Finally, Wedbush cut shares of Airbnb from an "outperform" rating to a "neutral" rating and reduced their target price for the company from $150.00 to $135.00 in a research note on Friday, May 2nd. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Airbnb has a consensus rating of "Hold" and a consensus price target of $141.23.

Airbnb Price Performance

ABNB stock traded down $0.23 during midday trading on Friday, hitting $128.13. The company's stock had a trading volume of 9,542,846 shares, compared to its average volume of 4,953,923. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The company has a 50 day moving average of $122.45 and a two-hundred day moving average of $130.64. The firm has a market capitalization of $80.26 billion, a price-to-earnings ratio of 31.02, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.26 billion. During the same period last year, the business posted $0.41 earnings per share. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. On average, analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

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.