Morling Financial Advisors LLC Has $395,000 Position in Airbnb, Inc. (NASDAQ:ABNB)

Morling Financial Advisors LLC lessened its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 50.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,306 shares of the company's stock after selling 3,433 shares during the quarter. Morling Financial Advisors LLC's holdings in Airbnb were worth $395,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. MJP Associates Inc. ADV lifted its stake in shares of Airbnb by 1.8% during the fourth quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock valued at $490,000 after acquiring an additional 67 shares during the period. Ellevest Inc. lifted its stake in shares of Airbnb by 3.1% during the fourth quarter. Ellevest Inc. now owns 2,655 shares of the company's stock valued at $349,000 after acquiring an additional 80 shares during the period. Koshinski Asset Management Inc. lifted its stake in shares of Airbnb by 4.4% during the first quarter. Koshinski Asset Management Inc. now owns 1,984 shares of the company's stock valued at $237,000 after acquiring an additional 83 shares during the period. TD Waterhouse Canada Inc. lifted its stake in shares of Airbnb by 7.2% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,337 shares of the company's stock valued at $176,000 after acquiring an additional 90 shares during the period. Finally, Coldstream Capital Management Inc. lifted its stake in Airbnb by 3.8% in the fourth quarter. Coldstream Capital Management Inc. now owns 2,490 shares of the company's stock valued at $327,000 after buying an additional 91 shares during the period. Institutional investors and hedge funds own 80.76% of the company's stock.

Insider Activity

In other news, CFO Elinor Mertz sold 6,250 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $135.86, for a total value of $849,125.00. Following the completion of the sale, the chief financial officer directly owned 461,361 shares of the company's stock, valued at $62,680,505.46. This trade represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Joseph Gebbia sold 236,000 shares of the firm's stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of $138.83, for a total value of $32,763,880.00. Following the completion of the sale, the director directly owned 472,015 shares of the company's stock, valued at approximately $65,529,842.45. The trade was a 33.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,650,658 shares of company stock valued at $218,970,735 over the last three months. Insiders own 27.91% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barclays increased their target price on Airbnb from $103.00 to $104.00 and gave the company an "underweight" rating in a research note on Wednesday, July 16th. JPMorgan Chase & Co. cut 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. Citigroup cut their target price on Airbnb from $170.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Benchmark cut their target price on Airbnb from $178.00 to $155.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Finally, JMP Securities reissued a "market perform" rating on shares of Airbnb in a research note on Friday, May 2nd. Five equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $141.50.

Airbnb Price Performance

ABNB stock traded down $0.31 during mid-day trading on Friday, reaching $141.31. The company had a trading volume of 2,498,963 shares, compared to its average volume of 3,306,120. The stock has a 50 day simple moving average of $134.66 and a two-hundred day simple moving average of $131.04. The company has a market capitalization of $88.52 billion, a price-to-earnings ratio of 35.68, a PEG ratio of 2.64 and a beta of 1.13. 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 posted its quarterly 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 22.60% and a return on equity of 30.91%. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the business earned $0.41 earnings per share. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities analysts predict that Airbnb, Inc. will post 4.31 EPS 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.