Worth Financial Advisory Group LLC Has $277,000 Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Worth Financial Advisory Group LLC trimmed its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 48.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,316 shares of the company's stock after selling 2,161 shares during the quarter. Worth Financial Advisory Group LLC's holdings in Airbnb were worth $277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Geode Capital Management LLC lifted its stake in shares of Airbnb by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company's stock valued at $1,244,514,000 after purchasing an additional 72,991 shares during the period. Clearbridge Investments LLC increased its position in Airbnb by 147.3% in the 4th 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 in the last quarter. Northern Trust Corp increased its position in Airbnb by 8.4% in the 4th quarter. Northern Trust Corp now owns 4,296,835 shares of the company's stock valued at $564,647,000 after buying an additional 331,607 shares in the last quarter. Renaissance Technologies LLC increased its position in Airbnb by 15.5% in the 4th quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company's stock valued at $548,683,000 after buying an additional 558,856 shares in the last quarter. Finally, Norges Bank bought a new stake in Airbnb in the 4th quarter valued at about $433,374,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Airbnb

In related news, insider Nathan Blecharczyk sold 2,245 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $134.03, for a total value of $300,897.35. Following the transaction, the insider now owns 188,173 shares in the company, valued at approximately $25,220,827.19. This represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Gebbia sold 214,285 shares of the company's stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $108.76, for a total value of $23,305,636.60. Following the completion of the transaction, the director now owns 2,294,870 shares in the company, valued at approximately $249,590,061.20. The trade was a 8.54% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,624,472 shares of company stock worth $203,509,100. Insiders own 27.91% of the company's stock.

Airbnb Stock Down 0.3%

ABNB stock opened at $131.73 on Friday. The firm has a market cap of $82.52 billion, a PE ratio of 33.27, a P/E/G ratio of 2.48 and a beta of 1.14. The business has a 50 day moving average of $128.10 and a 200-day moving average of $130.64. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93.

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). Airbnb had a net margin of 22.60% and a return on equity of 30.91%. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the company earned $0.41 earnings per share. The business's revenue was up 7.4% on a year-over-year basis. On average, research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analyst Weigh In

ABNB has been the subject of a number of research analyst reports. Jefferies Financial Group raised Airbnb from a "hold" rating to a "buy" rating and boosted their target price for the company from $165.00 to $185.00 in a research report on Monday, March 10th. DA Davidson raised Airbnb from a "neutral" rating to a "buy" rating and decreased their target price for the company from $170.00 to $155.00 in a research report on Wednesday, April 30th. Phillip Securities lowered Airbnb from a "hold" rating to a "moderate sell" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. decreased their target price on Airbnb from $160.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group decreased their target price on Airbnb from $160.00 to $138.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Five investment 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 company. Based on data from MarketBeat, Airbnb has a consensus rating of "Hold" and a consensus price target of $141.23.

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.

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