Ameritas Advisory Services LLC Sells 364 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Ameritas Advisory Services LLC decreased its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 13.8% in the second quarter, Holdings Channel.com reports. The fund owned 2,277 shares of the company’s stock after selling 364 shares during the period. Ameritas Advisory Services LLC’s holdings in Airbnb were worth $345,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mather Group LLC. purchased a new position in Airbnb during the 4th quarter valued at approximately $220,000. Kestra Private Wealth Services LLC grew its holdings in shares of Airbnb by 2.1% in the fourth quarter. Kestra Private Wealth Services LLC now owns 14,080 shares of the company’s stock valued at $1,917,000 after purchasing an additional 293 shares in the last quarter. Victory Capital Management Inc. increased its position in Airbnb by 4.8% in the fourth quarter. Victory Capital Management Inc. now owns 463,943 shares of the company’s stock worth $63,161,000 after purchasing an additional 21,301 shares during the last quarter. Triumph Capital Management purchased a new stake in Airbnb during the fourth quarter valued at $203,000. Finally, New York Life Investment Management LLC lifted its position in Airbnb by 11.1% during the fourth quarter. New York Life Investment Management LLC now owns 67,999 shares of the company’s stock valued at $9,257,000 after purchasing an additional 6,772 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Price Performance

ABNB opened at $117.31 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25. The business’s fifty day simple moving average is $135.26 and its 200-day simple moving average is $148.30. The company has a market capitalization of $75.55 billion, a price-to-earnings ratio of 15.70, a PEG ratio of 1.67 and a beta of 1.18. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). The company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 EPS. On average, equities research analysts anticipate that Airbnb, Inc. will post 4.66 earnings per share for the current fiscal year.

Insider Transactions at Airbnb

In related news, CAO David C. Bernstein sold 6,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $147.00, for a total transaction of $882,000.00. Following the completion of the sale, the chief accounting officer now owns 47,043 shares of the company’s stock, valued at $6,915,321. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Airbnb news, CAO David C. Bernstein sold 6,000 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $147.00, for a total value of $882,000.00. Following the completion of the sale, the chief accounting officer now directly owns 47,043 shares in the company, valued at $6,915,321. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Joseph Gebbia sold 44,990 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $150.04, for a total value of $6,750,299.60. Following the completion of the sale, the director now directly owns 46,467 shares of the company’s stock, valued at approximately $6,971,908.68. The disclosure for this sale can be found here. Insiders have sold a total of 619,507 shares of company stock valued at $92,442,963 in the last 90 days. Insiders own 27.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ABNB. B. Riley reduced their target price on shares of Airbnb from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. decreased their price objective on Airbnb from $145.00 to $121.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Wedbush lowered their price objective on Airbnb from $165.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Bank of America cut their target price on Airbnb from $160.00 to $132.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Finally, Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research report on Wednesday, August 7th. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $137.00.

Airbnb 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.