Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Revolve Wealth Partners LLC

Revolve Wealth Partners LLC trimmed its stake in Airbnb, Inc. (NASDAQ:ABNB) by 23.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,492 shares of the company’s stock after selling 782 shares during the period. Revolve Wealth Partners LLC’s holdings in Airbnb were worth $327,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of ABNB. Edgewood Management LLC raised its holdings in Airbnb by 9.2% during the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after buying an additional 1,143,464 shares during the period. Geode Capital Management LLC increased its position in shares of Airbnb by 1.6% in the third quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock worth $1,189,635,000 after acquiring an additional 146,761 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Airbnb by 6,085.6% during the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after acquiring an additional 4,172,985 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Airbnb by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock valued at $343,185,000 after acquiring an additional 52,358 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Airbnb by 3.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,360,004 shares of the company’s stock worth $299,272,000 after buying an additional 80,610 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total value of $28,088,477.80. Following the completion of the sale, the director now directly owns 10,321 shares in the company, valued at approximately $1,352,876.68. This trade represents a 95.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Nathan Blecharczyk sold 9,603 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the transaction, the insider now owns 164,850 shares in the company, valued at approximately $21,466,767. This trade represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,157,308 shares of company stock worth $153,981,848 in the last quarter. 27.83% of the stock is owned by corporate insiders.

Airbnb Price Performance

Shares of Airbnb stock opened at $128.96 on Tuesday. The firm has a market cap of $81.76 billion, a P/E ratio of 45.25, a price-to-earnings-growth ratio of 1.80 and a beta of 1.13. The firm’s 50-day simple moving average is $133.90 and its 200-day simple moving average is $130.98. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the prior year, the company posted $2.39 earnings per share. As a group, research analysts expect that Airbnb, Inc. will post 3.98 EPS for the current fiscal year.

Analyst Ratings Changes

ABNB has been the subject of several research analyst reports. Wedbush increased their price objective on Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Truist Financial reduced their price target on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Wells Fargo & Company lowered their price objective on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Phillip Securities reissued a “reduce” rating and set a $120.00 target price on shares of Airbnb in a research note on Tuesday, November 12th. Finally, UBS Group upped their price target on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average price target of $139.63.

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.