SOA Wealth Advisors LLC. Sells 110 Shares of Airbnb, Inc. (NASDAQ:ABNB)

SOA Wealth Advisors LLC. decreased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 30.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 252 shares of the company’s stock after selling 110 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Airbnb were worth $30,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of Airbnb during the 4th quarter valued at about $1,445,000. EFG Asset Management Americas Corp. acquired a new position in Airbnb in the fourth quarter valued at about $4,406,000. Jones Financial Companies Lllp boosted its position in Airbnb by 43.0% in the fourth quarter. Jones Financial Companies Lllp now owns 7,166 shares of the company’s stock valued at $942,000 after buying an additional 2,155 shares in the last quarter. Vested Financial Planning LLC acquired a new position in Airbnb in the fourth quarter valued at about $262,000. Finally, Deutsche Bank AG boosted its position in Airbnb by 11.5% in the fourth quarter. Deutsche Bank AG now owns 1,480,314 shares of the company’s stock valued at $194,528,000 after buying an additional 153,020 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Airbnb

In other news, CFO Elinor Mertz sold 6,250 shares of the firm’s stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $132.28, for a total transaction of $826,750.00. Following the completion of the sale, the chief financial officer now owns 467,611 shares in the company, valued at approximately $61,855,583.08. This trade represents a 1.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nathan Blecharczyk sold 2,245 shares of the firm’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $134.03, for a total transaction of $300,897.35. Following the transaction, the insider now directly owns 188,173 shares in the company, valued at approximately $25,220,827.19. This represents a 1.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,642,018 shares of company stock worth $202,748,249. 27.91% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Baird R W upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Hsbc Global Res upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research report on Friday, May 2nd. Wells Fargo & Company upped their target price on shares of Airbnb from $100.00 to $104.00 and gave the stock an “underweight” rating in a research report on Friday, May 2nd. Finally, Truist Financial reiterated a “sell” rating and set a $106.00 target price (down from $112.00) on shares of Airbnb in a research report on Friday, May 30th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Airbnb presently has an average rating of “Hold” and an average target price of $141.23.

Airbnb Stock Performance

Shares of ABNB stock opened at $140.64 on Monday. The stock has a market cap of $88.10 billion, a P/E ratio of 34.05, a P/E/G ratio of 3.52 and a beta of 1.14. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The company has a fifty day moving average price of $123.61 and a two-hundred day moving average price of $130.71. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.41 EPS. As a group, equities analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Airbnb Company 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.