Stratos Wealth Partners LTD. Has $426,000 Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Stratos Wealth Partners LTD. cut its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 43.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,563 shares of the company's stock after selling 2,706 shares during the period. Stratos Wealth Partners LTD.'s holdings in Airbnb were worth $426,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Airbnb during the 4th quarter worth approximately $433,374,000. Clearbridge Investments LLC boosted its holdings in shares of Airbnb by 147.3% in the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock valued at $571,505,000 after buying an additional 2,590,475 shares during the period. Two Sigma Advisers LP increased its position in shares of Airbnb by 512.0% during the fourth quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company's stock worth $404,782,000 after acquiring an additional 2,577,000 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Airbnb by 74.4% during the first quarter. Principal Financial Group Inc. now owns 3,255,682 shares of the company's stock worth $388,924,000 after acquiring an additional 1,389,251 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Airbnb by 119.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,506,704 shares of the company's stock valued at $179,991,000 after acquiring an additional 820,887 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Airbnb

In other Airbnb news, CEO Brian Chesky sold 8,000 shares of Airbnb stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $128.33, for a total value of $1,026,640.00. Following the completion of the sale, the chief executive officer owned 40,800 shares in the company, valued at $5,235,864. The trade was a 16.39% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at $59,873,424.40. This represents a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,629,043 shares of company stock worth $210,678,753. Corporate insiders own 27.91% of the company's stock.

Airbnb Trading Up 1.9%

ABNB stock traded up $2.59 during mid-day trading on Thursday, hitting $139.30. 3,494,573 shares of the company were exchanged, compared to its average volume of 5,027,033. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93. The stock has a market capitalization of $87.26 billion, a PE ratio of 35.18, a price-to-earnings-growth ratio of 2.56 and a beta of 1.13. The business has a 50 day simple moving average of $133.84 and a 200-day simple moving average of $130.69.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly 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 firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. Airbnb had a net margin of 22.60% and a return on equity of 30.91%. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 earnings per share. Equities research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Phillip Securities cut Airbnb from a "hold" rating to a "moderate sell" rating in a report on Friday, May 9th. Wedbush downgraded Airbnb from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $150.00 to $135.00 in a report on Friday, May 2nd. JMP Securities reissued a "market perform" rating on shares of Airbnb in a research report on Friday, May 2nd. Benchmark reduced their price target on Airbnb from $178.00 to $155.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Piper Sandler decreased their price target on shares of Airbnb from $145.00 to $132.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $141.50.

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.