Portside Wealth Group LLC Has $4.05 Million Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Portside Wealth Group LLC lessened its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 8.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,817 shares of the company's stock after selling 2,727 shares during the quarter. Portside Wealth Group LLC's holdings in Airbnb were worth $4,050,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. U.S. Capital Wealth Advisors LLC boosted its holdings in Airbnb by 385.9% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 9,271 shares of the company's stock valued at $1,218,000 after purchasing an additional 7,363 shares during the period. Optas LLC bought a new stake in shares of Airbnb in the fourth quarter valued at about $286,000. Fourpath Capital Management LLC grew its position in Airbnb by 38.6% during the fourth quarter. Fourpath Capital Management LLC now owns 2,540 shares of the company's stock worth $334,000 after buying an additional 708 shares in the last quarter. Baltimore Washington Financial Advisors Inc. increased its stake in Airbnb by 14.8% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company's stock valued at $6,498,000 after acquiring an additional 6,357 shares during the period. Finally, E. Ohman J or Asset Management AB raised its holdings in Airbnb by 15.8% in the 4th quarter. E. Ohman J or Asset Management AB now owns 260,936 shares of the company's stock valued at $34,290,000 after acquiring an additional 35,519 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. HSBC raised Airbnb from a "hold" rating to a "buy" rating in a research report on Friday, February 14th. Barclays dropped their target price on Airbnb from $120.00 to $103.00 and set an "underweight" rating for the company in a report on Friday, May 2nd. Truist Financial restated a "sell" rating and issued a $106.00 target price (down previously from $112.00) on shares of Airbnb in a research note on Friday, May 30th. Gordon Haskett raised Airbnb from a "sell" rating to a "hold" rating and set a $143.00 target price on the stock in a report on Friday, February 14th. Finally, The Goldman Sachs Group upgraded Airbnb from a "sell" rating to a "neutral" rating and increased their target price for the stock from $110.00 to $153.00 in a report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Airbnb has an average rating of "Hold" and a consensus target price of $141.23.

Insider Activity at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the company's stock in a transaction that occurred 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 in the company, valued at $22,406,451.42. This represents a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Nathan Blecharczyk sold 2,245 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $134.03, for a total value of $300,897.35. Following the completion of the sale, the insider now owns 188,173 shares in the company, valued at approximately $25,220,827.19. This trade represents a 1.18% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,635,768 shares of company stock valued at $201,921,499. 27.91% of the stock is owned by corporate insiders.

Airbnb Stock Up 2.5%

NASDAQ:ABNB traded up $3.45 on Friday, hitting $140.74. 6,897,111 shares of the company's stock were exchanged, compared to its average volume of 4,995,684. The firm has a 50-day moving average price of $123.22 and a 200-day moving average price of $130.69. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market cap of $88.16 billion, a P/E ratio of 34.08, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The business's revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.41 EPS. As a group, analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal 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.