Yoder Wealth Management Inc. Sells 3,500 Shares of Airbnb, Inc. $ABNB

Yoder Wealth Management Inc. lessened its stake in Airbnb, Inc. (NASDAQ:ABNBFree Report) by 13.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,889 shares of the company’s stock after selling 3,500 shares during the period. Airbnb accounts for about 1.3% of Yoder Wealth Management Inc.’s portfolio, making the stock its 24th largest position. Yoder Wealth Management Inc.’s holdings in Airbnb were worth $2,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Merit Financial Group LLC raised its holdings in shares of Airbnb by 72.1% in the fourth quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock valued at $4,478,000 after acquiring an additional 13,818 shares in the last quarter. ARK Investment Management LLC increased its position in Airbnb by 30.7% during the 3rd quarter. ARK Investment Management LLC now owns 1,035,828 shares of the company’s stock valued at $125,770,000 after purchasing an additional 243,299 shares during the period. Victory Capital Management Inc. increased its position in Airbnb by 14.6% during the 3rd quarter. Victory Capital Management Inc. now owns 1,529,652 shares of the company’s stock valued at $185,730,000 after purchasing an additional 195,055 shares during the period. North Dakota State Investment Board bought a new stake in shares of Airbnb in the 4th quarter valued at about $2,785,000. Finally, North Star Asset Management Inc. raised its holdings in shares of Airbnb by 13.4% in the 4th quarter. North Star Asset Management Inc. now owns 78,564 shares of the company’s stock valued at $10,663,000 after purchasing an additional 9,294 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Insiders Place Their Bets

In other news, insider Nathan Blecharczyk sold 2,113 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $145.09, for a total value of $306,575.17. Following the completion of the sale, the insider owned 12,370 shares of the company’s stock, valued at $1,794,763.30. This trade represents a 14.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian Chesky sold 30,743 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $138.40, for a total value of $4,254,831.20. Following the transaction, the chief executive officer owned 10,701,685 shares in the company, valued at approximately $1,481,113,204. This trade represents a 0.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 2,005,339 shares of company stock worth $273,061,091. 27.21% of the stock is currently owned by company insiders.

Airbnb Trading Up 2.6%

NASDAQ ABNB opened at $145.56 on Friday. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $147.58. The company has a 50 day moving average price of $137.36 and a 200 day moving average price of $132.85. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The firm has a market cap of $87.73 billion, a PE ratio of 35.85, a price-to-earnings-growth ratio of 1.56 and a beta of 1.16.

Airbnb (NASDAQ:ABNBGet Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same quarter last year, the business earned $0.24 earnings per share. Airbnb’s revenue was up 17.9% on a year-over-year basis. As a group, sell-side analysts forecast that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ABNB shares. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $173.00 price target on shares of Airbnb in a research report on Thursday, May 21st. Raymond James Financial raised shares of Airbnb from a “market perform” rating to a “strong-buy” rating in a research note on Monday, May 4th. Truist Financial increased their target price on Airbnb from $129.00 to $134.00 and gave the company a “hold” rating in a research report on Friday, June 12th. Susquehanna lifted their price target on Airbnb from $150.00 to $170.00 and gave the company a “positive” rating in a report on Friday, May 8th. Finally, Wedbush raised Airbnb from a “neutral” rating to a “neutral” rating in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Airbnb currently has a consensus rating of “Moderate Buy” and an average target price of $157.96.

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About Airbnb

(Free Report)

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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