Laird Norton Wetherby Wealth Management LLC Sells 461 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Laird Norton Wetherby Wealth Management LLC cut its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 4.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 10,522 shares of the company’s stock after selling 461 shares during the period. Laird Norton Wetherby Wealth Management LLC’s holdings in Airbnb were worth $1,383,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC bought a new position in shares of Airbnb during the fourth quarter worth about $25,000. Berbice Capital Management LLC bought a new position in shares of Airbnb during the fourth quarter worth about $26,000. Graney & King LLC bought a new position in shares of Airbnb during the fourth quarter worth about $32,000. Whipplewood Advisors LLC bought a new position in shares of Airbnb during the fourth quarter worth about $44,000. Finally, Cromwell Holdings LLC grew its holdings in shares of Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after buying an additional 170 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Nathan Blecharczyk sold 183,078 shares of Airbnb stock in a transaction on Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the transaction, the insider now owns 164,850 shares in the company, valued at approximately $26,046,300. This trade represents a 52.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction on Friday, February 14th. The shares were sold at an average price of $161.16, for a total value of $37,191,215.52. Following the completion of the transaction, the chief executive officer now owns 12,000,913 shares in the company, valued at approximately $1,934,067,139.08. The trade was a 1.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,983,669 shares of company stock worth $266,947,699 in the last 90 days. Company insiders own 27.83% of the company’s stock.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $138.05 on Wednesday. The business’s 50 day moving average is $121.42 and its 200-day moving average is $131.21. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year 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. The firm has a market cap of $87.05 billion, a P/E ratio of 33.43, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter last year, the business earned $0.41 EPS. Airbnb’s revenue was up 7.4% on a year-over-year basis. Equities research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

ABNB has been the subject of a number of research reports. Argus upgraded Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Truist Financial reduced their price target on Airbnb from $123.00 to $112.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Benchmark reduced their price target on Airbnb from $178.00 to $155.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Morgan Stanley increased their price target on Airbnb from $125.00 to $130.00 and gave the company an “underweight” rating in a research report on Thursday, April 17th. Finally, Tigress Financial increased their price target on Airbnb from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, March 14th. Four equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $141.43.

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.