Hantz Financial Services Inc. Sells 9,416 Shares of Airbnb, Inc. $ABNB

Hantz Financial Services Inc. reduced its stake in Airbnb, Inc. (NASDAQ:ABNBFree Report) by 8.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 103,374 shares of the company’s stock after selling 9,416 shares during the period. Hantz Financial Services Inc.’s holdings in Airbnb were worth $14,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in ABNB. Caxton Associates LLP purchased a new stake in Airbnb during the 1st quarter worth about $258,000. Intech Investment Management LLC grew its holdings in Airbnb by 55.8% during the 1st quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock valued at $1,453,000 after buying an additional 4,353 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of Airbnb by 18.8% during the second quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock valued at $776,000 after buying an additional 927 shares during the period. WINTON GROUP Ltd bought a new stake in shares of Airbnb during the second quarter valued at about $411,000. Finally, NewEdge Advisors LLC lifted its holdings in shares of Airbnb by 9.8% in the second quarter. NewEdge Advisors LLC now owns 54,054 shares of the company’s stock worth $7,153,000 after buying an additional 4,811 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Rodman & Renshaw began coverage on shares of Airbnb in a research note on Monday, May 4th. They set a “buy” rating for the company. Wedbush raised shares of Airbnb from a “neutral” rating to a “neutral” rating in a report on Monday, May 4th. TD Cowen boosted their price target on shares of Airbnb from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Citizens Jmp upped their price target on shares of Airbnb from $160.00 to $170.00 and gave the stock a “market outperform” rating in a report on Friday, May 8th. Finally, Truist Financial raised Airbnb from a “sell” rating to a “hold” rating and lifted their price objective for the company from $107.00 to $129.00 in a research note on Thursday, March 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $157.67.

View Our Latest Stock Analysis on Airbnb

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Airbnb Stock Performance

Shares of ABNB stock opened at $132.35 on Monday. The business has a 50-day moving average price of $133.54 and a two-hundred day moving average price of $129.85. Airbnb, Inc. has a 12-month low of $110.81 and a 12-month high of $147.25. 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 $79.77 billion, a P/E ratio of 32.60, a price-to-earnings-growth ratio of 1.42 and a beta of 1.20.

Airbnb (NASDAQ:ABNBGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. Airbnb’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.24 earnings per share. Equities analysts anticipate that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 58,000 shares of the company’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $140.37, for a total value of $8,141,460.00. Following the completion of the sale, the director owned 54,015 shares of the company’s stock, valued at approximately $7,582,085.55. This represents a 51.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nathan Blecharczyk sold 60,136 shares of Airbnb stock in a transaction on Friday, May 8th. The stock was sold at an average price of $145.70, for a total transaction of $8,761,815.20. Following the completion of the transaction, the insider owned 11,920 shares in the company, valued at approximately $1,736,744. The trade was a 83.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 454,317 shares of company stock worth $62,219,594 over the last ninety days. Insiders own 27.21% of the company’s stock.

Airbnb Company Profile

(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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