Stratos Wealth Advisors LLC Sells 300 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Stratos Wealth Advisors LLC cut its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 1.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 18,104 shares of the company’s stock after selling 300 shares during the period. Stratos Wealth Advisors LLC’s holdings in Airbnb were worth $2,163,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Park Square Financial Group LLC bought a new stake in shares of Airbnb in the 4th quarter valued at about $26,000. Orion Capital Management LLC bought a new stake in Airbnb in the fourth quarter valued at approximately $28,000. Stonebridge Financial Group LLC boosted its stake in shares of Airbnb by 75.7% during the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock valued at $29,000 after purchasing an additional 106 shares during the period. Bartlett & CO. Wealth Management LLC grew its holdings in shares of Airbnb by 209.6% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company’s stock worth $31,000 after purchasing an additional 174 shares during the last quarter. Finally, Graney & King LLC bought a new position in shares of Airbnb in the fourth quarter worth approximately $32,000. Institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $136.99 on Wednesday. The business has a fifty day moving average price of $132.24 and a 200-day moving average price of $130.57. The company has a market capitalization of $85.81 billion, a PE ratio of 34.59, a PEG ratio of 2.57 and a beta of 1.13. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The firm had revenue of $2.27 billion for 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 firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 earnings per share. On average, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on ABNB. BTIG Research reiterated a “neutral” rating on shares of Airbnb in a report on Wednesday, May 28th. Citigroup dropped their target price on shares of Airbnb from $170.00 to $155.00 and set a “buy” rating for the company in a report on Monday, May 5th. Cantor Fitzgerald restated an “underweight” rating and set a $100.00 price target on shares of Airbnb in a report on Wednesday, May 14th. Piper Sandler lowered their price target on Airbnb from $145.00 to $132.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. Finally, B. Riley cut their price objective on Airbnb from $145.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday, May 2nd. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and an average price target of $141.47.

Insider Buying and Selling

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $128.66, for a total transaction of $30,363,760.00. Following the sale, the director directly owned 1,416,015 shares in the company, valued at approximately $182,184,489.90. This trade represents a 14.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Elinor Mertz sold 6,250 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $123.43, for a total value of $771,437.50. Following the completion of the transaction, the chief financial officer owned 485,080 shares of the company’s stock, valued at $59,873,424.40. This represents a 1.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,386,893 shares of company stock worth $177,637,178 in the last three months. Insiders own 27.83% of the company’s stock.

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.