Quantum Private Wealth LLC Sells 154 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Quantum Private Wealth LLC decreased its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,446 shares of the company’s stock after selling 154 shares during the quarter. Airbnb comprises approximately 0.7% of Quantum Private Wealth LLC’s portfolio, making the stock its 27th biggest holding. Quantum Private Wealth LLC’s holdings in Airbnb were worth $1,694,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. CVA Family Office LLC purchased a new position in shares of Airbnb during the 4th quarter valued at $26,000. Orion Capital Management LLC purchased a new position in shares of Airbnb during the 3rd quarter valued at $27,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Airbnb during the 4th quarter valued at $30,000. Farmers & Merchants Investments Inc. purchased a new position in shares of Airbnb during the 3rd quarter valued at $39,000. Finally, Financial Management Professionals Inc. grew its position in shares of Airbnb by 518.4% during the 4th quarter. Financial Management Professionals Inc. now owns 303 shares of the company’s stock valued at $41,000 after purchasing an additional 254 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Insiders Place Their Bets

In other Airbnb news, CEO Brian Chesky sold 3,160 shares of Airbnb stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $142.29, for a total value of $449,636.40. Following the completion of the transaction, the chief executive officer now directly owns 14,930,137 shares of the company’s stock, valued at approximately $2,124,409,193.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $161.55, for a total value of $96,930.00. Following the completion of the transaction, the chief technology officer now directly owns 222,304 shares of the company’s stock, valued at approximately $35,913,211.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian Chesky sold 3,160 shares of Airbnb stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $142.29, for a total transaction of $449,636.40. Following the completion of the transaction, the chief executive officer now directly owns 14,930,137 shares of the company’s stock, valued at $2,124,409,193.73. The disclosure for this sale can be found here. Insiders sold 490,584 shares of company stock valued at $77,302,032 in the last three months. Corporate insiders own 30.84% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on ABNB shares. Mizuho boosted their price target on shares of Airbnb from $130.00 to $150.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. JPMorgan Chase & Co. upped their target price on shares of Airbnb from $118.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Benchmark assumed coverage on shares of Airbnb in a research report on Thursday, April 11th. They issued a “buy” rating and a $190.00 target price for the company. Royal Bank of Canada upped their target price on shares of Airbnb from $140.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 14th. Finally, Tigress Financial upped their price target on shares of Airbnb from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and a consensus price target of $147.58.

Airbnb Price Performance

NASDAQ ABNB traded up $0.83 on Wednesday, reaching $157.49. The company had a trading volume of 1,462,011 shares, compared to its average volume of 4,598,231. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $101.91 billion, a PE ratio of 21.64, a price-to-earnings-growth ratio of 1.99 and a beta of 1.25. The firm’s 50 day moving average price is $158.99 and its 200 day moving average price is $141.85. Airbnb, Inc. has a 12 month low of $103.55 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. As a group, equities analysts predict that Airbnb, Inc. will post 4.63 earnings per share 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.