Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Schwarz Dygos Wheeler Investment Advisors LLC

Schwarz Dygos Wheeler Investment Advisors LLC reduced its position in Airbnb, Inc. (NASDAQ:ABNB) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,477 shares of the company’s stock after selling 200 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Airbnb were worth $609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in ABNB. Vanguard Group Inc. increased its stake in shares of Airbnb by 43.0% during the third quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock worth $4,697,896,000 after purchasing an additional 10,301,746 shares in the last quarter. Northern Trust Corp increased its stake in Airbnb by 41.3% during the 3rd quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock worth $598,745,000 after buying an additional 1,276,456 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Airbnb by 5.0% during the third quarter. Legal & General Group Plc now owns 2,568,807 shares of the company’s stock valued at $352,466,000 after acquiring an additional 121,651 shares during the last quarter. Alphinity Investment Management Pty Ltd lifted its position in shares of Airbnb by 48.3% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 2,496,885 shares of the company’s stock valued at $339,926,000 after acquiring an additional 813,074 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Airbnb by 69.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,301,395 shares of the company’s stock worth $315,774,000 after acquiring an additional 943,520 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of research reports. B. Riley assumed coverage on Airbnb in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price objective on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research note on Thursday, April 11th. DA Davidson reiterated a “neutral” rating and issued a $145.00 price objective on shares of Airbnb in a report on Friday, March 15th. UBS Group lowered their target price on Airbnb from $148.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. lifted their price objective on Airbnb from $118.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $149.19.

Airbnb Stock Up 0.7 %

NASDAQ:ABNB traded up $1.22 during trading hours on Friday, hitting $164.23. The company’s stock had a trading volume of 2,821,077 shares, compared to its average volume of 2,991,706. Airbnb, Inc. has a 52-week low of $103.55 and a 52-week high of $170.10. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $106.27 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25. The stock has a fifty day moving average of $160.44 and a 200-day moving average of $143.42.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. On average, equities analysts forecast that Airbnb, Inc. will post 4.47 earnings per share for the current year.

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $157.24, for a total value of $94,344.00. Following the completion of the sale, the chief technology officer now directly owns 221,104 shares of the company’s stock, valued at $34,766,392.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $157.24, for a total value of $94,344.00. Following the transaction, the chief technology officer now directly owns 221,104 shares in the company, valued at approximately $34,766,392.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Dave Stephenson sold 7,838 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $145.98, for a total transaction of $1,144,191.24. Following the transaction, the chief financial officer now directly owns 85,802 shares of the company’s stock, valued at $12,525,375.96. The disclosure for this sale can be found here. Insiders have sold a total of 456,274 shares of company stock valued at $72,410,859 over the last quarter. Company insiders own 30.84% of the company’s stock.

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.