Silvercrest Asset Management Group LLC Sells 2,564 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Silvercrest Asset Management Group LLC lowered its stake in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 114,132 shares of the company's stock after selling 2,564 shares during the quarter. Silvercrest Asset Management Group LLC's holdings in Airbnb were worth $14,998,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. MJP Associates Inc. ADV increased its holdings in Airbnb by 1.8% during the 4th quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock worth $490,000 after acquiring an additional 67 shares during the period. CAP Partners LLC boosted its stake in Airbnb by 3.6% during the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company's stock valued at $293,000 after buying an additional 77 shares during the period. Lindbrook Capital LLC grew its position in Airbnb by 1.4% during the fourth quarter. Lindbrook Capital LLC now owns 5,540 shares of the company's stock worth $728,000 after buying an additional 78 shares in the last quarter. Ellevest Inc. increased its stake in Airbnb by 3.1% in the 4th quarter. Ellevest Inc. now owns 2,655 shares of the company's stock worth $349,000 after acquiring an additional 80 shares during the last quarter. Finally, Manchester Capital Management LLC raised its holdings in shares of Airbnb by 18.2% in the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company's stock valued at $69,000 after acquiring an additional 81 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Airbnb Stock Down 3.5%

NASDAQ:ABNB traded down $4.61 during mid-day trading on Wednesday, hitting $127.52. 6,685,953 shares of the company's stock were exchanged, compared to its average volume of 4,894,881. The business has a fifty day moving average price of $122.28 and a 200 day moving average price of $131.21. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. The company has a market cap of $79.88 billion, a PE ratio of 30.88, a P/E/G ratio of 3.52 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.

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

Insider Activity

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $145.01, for a total transaction of $101,507.00. Following the completion of the sale, the chief technology officer now owns 173,519 shares of the company's stock, valued at approximately $25,161,990.19. The trade was a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Nathan Blecharczyk sold 2,712 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $156.32, for a total value of $423,939.84. Following the completion of the transaction, the insider now directly owns 159,337 shares in the company, valued at $24,907,559.84. This trade represents a 1.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,417,246 shares of company stock valued at $176,403,797 over the last three months. Insiders own 27.91% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ABNB. B. Riley cut their price target on shares of Airbnb from $145.00 to $140.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Canaccord Genuity Group cut their target price on shares of Airbnb from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Citigroup reduced 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. Argus raised Airbnb from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada cut their price objective on Airbnb from $160.00 to $140.00 and set a "sector perform" rating for the company in a report on Friday, May 2nd. Four 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $141.43.

About Airbnb

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.