IHT Wealth Management LLC Has $1.46 Million Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

IHT Wealth Management LLC trimmed its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 33.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 11,119 shares of the company’s stock after selling 5,657 shares during the period. IHT Wealth Management LLC’s holdings in Airbnb were worth $1,461,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb in the 4th quarter valued at $25,000. Berbice Capital Management LLC bought a new position in shares of Airbnb during the 4th quarter worth about $26,000. Graney & King LLC bought a new stake in Airbnb in the fourth quarter valued at $32,000. Whipplewood Advisors LLC acquired a new stake in shares of Airbnb during the fourth quarter worth approximately $44,000. Finally, Cromwell Holdings LLC raised its position in Airbnb by 82.5% in the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after purchasing an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Activity at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $129.21, for a total value of $27,687,764.85. Following the completion of the sale, the director now directly owns 857,145 shares of the company’s stock, valued at approximately $110,751,705.45. This represents a 20.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brian Chesky sold 38,461 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $129.87, for a total value of $4,994,930.07. Following the sale, the chief executive officer now directly owns 12,421,986 shares of the company’s stock, valued at approximately $1,613,243,321.82. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,998,146 shares of company stock valued at $275,624,925. 27.83% of the stock is owned by corporate insiders.

Airbnb Stock Up 3.0 %

Airbnb stock opened at $114.91 on Wednesday. The firm has a market cap of $72.46 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 3.52 and a beta of 1.15. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $166.74. The firm has a 50 day moving average price of $128.09 and a two-hundred day moving average price of $132.15.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Equities analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of research reports. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research report on Friday, February 14th. Jefferies Financial Group upgraded Airbnb from a “hold” rating to a “buy” rating and boosted their target price for the stock from $165.00 to $185.00 in a research report on Monday, March 10th. Wells Fargo & Company lowered their price objective on shares of Airbnb from $134.00 to $100.00 and set an “underweight” rating for the company in a research report on Monday, April 7th. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a report on Friday, February 14th. Finally, Wedbush restated an “outperform” rating and issued a $155.00 price target on shares of Airbnb in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $146.94.

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.