Airbnb, Inc. (NASDAQ:ABNB) Stock Position Decreased by Creekmur Asset Management LLC

Creekmur Asset Management LLC decreased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 23.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 266 shares of the company’s stock after selling 82 shares during the quarter. Creekmur Asset Management LLC’s holdings in Airbnb were worth $34,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Transcendent Capital Group LLC bought a new position in shares of Airbnb during the first quarter worth about $25,000. Northwest Investment Counselors LLC acquired a new position in shares of Airbnb during the third quarter worth approximately $25,000. New Millennium Group LLC bought a new position in Airbnb in the 2nd quarter worth approximately $28,000. Cultivar Capital Inc. acquired a new stake in Airbnb in the 2nd quarter valued at approximately $30,000. Finally, Heritage Wealth Advisors increased its position in Airbnb by 55.0% in the 1st quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock valued at $33,000 after acquiring an additional 71 shares during the period. Institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on ABNB shares. Morgan Stanley raised their price target on Airbnb from $120.00 to $130.00 and gave the company an “underweight” rating in a report on Tuesday, July 23rd. Wedbush lowered their target price on shares of Airbnb from $165.00 to $135.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Truist Financial reduced their price target on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Argus lowered shares of Airbnb from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Raymond James started coverage on Airbnb in a research report on Friday, September 27th. They issued a “market perform” rating and a $134.00 target price for the company. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Airbnb has a consensus rating of “Hold” and an average target price of $135.35.

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $126.57, for a total value of $75,942.00. Following the completion of the sale, the chief technology officer now directly owns 205,774 shares of the company’s stock, valued at approximately $26,044,815.18. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $126.57, for a total value of $75,942.00. Following the completion of the sale, the chief technology officer now owns 205,774 shares in the company, valued at approximately $26,044,815.18. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Elinor Mertz sold 6,250 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $750,000.00. Following the transaction, the chief financial officer now owns 537,072 shares in the company, valued at $64,448,640. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 406,171 shares of company stock valued at $50,208,253 in the last three months. Company insiders own 27.83% of the company’s stock.

Airbnb Price Performance

NASDAQ ABNB opened at $136.77 on Wednesday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a fifty day simple moving average of $125.71 and a 200 day simple moving average of $138.52. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. The company has a market cap of $87.75 billion, a P/E ratio of 18.75, a P/E/G ratio of 1.83 and a beta of 1.17.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, sell-side analysts predict that Airbnb, Inc. will post 4.33 EPS for the current year.

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.