Nelson Capital Management LLC Sells 2,231 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Nelson Capital Management LLC reduced its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 32.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,600 shares of the company's stock after selling 2,231 shares during the quarter. Nelson Capital Management LLC's holdings in Airbnb were worth $550,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Park Square Financial Group LLC acquired a new position in shares of Airbnb during the fourth quarter worth $26,000. Orion Capital Management LLC acquired a new position in shares of Airbnb during the fourth quarter worth $28,000. Stonebridge Financial Group LLC increased its holdings in shares of Airbnb by 75.7% during the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock worth $29,000 after buying an additional 106 shares in the last quarter. Bartlett & CO. Wealth Management LLC increased its holdings in shares of Airbnb by 209.6% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock worth $31,000 after buying an additional 174 shares in the last quarter. Finally, Graney & King LLC acquired a new position in shares of Airbnb during the fourth quarter worth $32,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Performance

NASDAQ:ABNB traded up $0.40 during midday trading on Wednesday, reaching $139.83. 3,002,932 shares of the stock traded hands, compared to its average volume of 5,018,393. The company has a fifty day moving average of $134.35 and a 200 day moving average of $130.79. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The stock has a market capitalization of $87.59 billion, a P/E ratio of 35.31, a PEG ratio of 2.59 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly 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 net margin of 22.60% and a return on equity of 30.91%. The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the firm earned $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 predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Activity

In other news, CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $123.43, for a total transaction of $771,437.50. Following the transaction, the chief financial officer directly owned 485,080 shares of the company's stock, valued at $59,873,424.40. The trade was a 1.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Brian Chesky sold 8,000 shares of the company's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $128.33, for a total value of $1,026,640.00. Following the completion of the transaction, the chief executive officer directly owned 40,800 shares of the company's stock, valued at approximately $5,235,864. This trade represents a 16.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,650,658 shares of company stock valued at $218,970,735 over the last three months. Insiders own 27.83% of the company's stock.

Analyst Upgrades and Downgrades

ABNB has been the subject of several analyst reports. Wells Fargo & Company raised their price target on shares of Airbnb from $104.00 to $111.00 and gave the company an "underweight" rating in a research note on Monday, July 7th. BTIG Research restated a "neutral" rating on shares of Airbnb in a research report on Wednesday, May 28th. BNP Paribas upgraded shares of Airbnb to a "hold" rating in a research report on Wednesday, July 16th. Royal Bank Of Canada dropped 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 report on Friday, May 2nd. Finally, Benchmark dropped their price target on shares of Airbnb from $178.00 to $155.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Five equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $141.50.

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.