Focus Partners Wealth Has $20.88 Million Stake in Airbnb, Inc. (NASDAQ:ABNB)

Focus Partners Wealth reduced its position in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 26.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 158,836 shares of the company's stock after selling 55,670 shares during the period. Focus Partners Wealth's holdings in Airbnb were worth $20,876,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in ABNB. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb during the fourth quarter valued at about $25,000. Berbice Capital Management LLC acquired a new stake in Airbnb during the 4th quarter valued at approximately $26,000. Graney & King LLC acquired a new stake in Airbnb during the 4th quarter valued at approximately $32,000. Whipplewood Advisors LLC purchased a new stake in Airbnb during the 4th quarter worth approximately $44,000. Finally, Cromwell Holdings LLC raised its position in shares of Airbnb by 82.5% in the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock valued at $49,000 after purchasing an additional 170 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Trading Down 0.5%

Shares of Airbnb stock traded down $0.66 on Thursday, reaching $136.79. 3,463,213 shares of the company were exchanged, compared to its average volume of 4,873,169. The stock has a fifty day moving average price of $121.48 and a 200-day moving average price of $131.26. The firm has a market capitalization of $86.25 billion, a price-to-earnings ratio of 33.12, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its 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). The firm had revenue of $2.27 billion during the quarter, compared to analysts' expectations 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 period last year, the business earned $0.41 earnings per share. On average, analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on ABNB shares. Cantor Fitzgerald restated an "underweight" rating and issued a $100.00 price target on shares of Airbnb in a research note on Wednesday. UBS Group decreased their price target on Airbnb from $160.00 to $138.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Citigroup cut their price objective on Airbnb from $170.00 to $155.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Wells Fargo & Company lifted their target price on Airbnb from $100.00 to $104.00 and gave the stock an "underweight" rating in a research report on Friday, May 2nd. Finally, Argus raised Airbnb from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Four 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 given a strong buy rating to the stock. According to MarketBeat, Airbnb currently has an average rating of "Hold" and an average price target of $141.43.

Insider Activity

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $122.84, for a total value of $26,322,769.40. Following the transaction, the director now owns 1,866,300 shares in the company, valued at approximately $229,256,292. This represents a 10.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 183,078 shares of the company's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the completion of the transaction, the insider now directly owns 164,850 shares in the company, valued at $26,046,300. This trade represents a 52.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,983,669 shares of company stock worth $266,947,699 over the last quarter. Corporate insiders own 27.83% of the company's stock.

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.