Connecticut Wealth Management LLC Has $969,000 Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Connecticut Wealth Management LLC reduced its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,115 shares of the company’s stock after selling 176 shares during the quarter. Connecticut Wealth Management LLC’s holdings in Airbnb were worth $969,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of ABNB. CVA Family Office LLC acquired a new position in Airbnb in the 4th quarter worth $26,000. Orion Capital Management LLC acquired a new position in shares of Airbnb during the third quarter worth about $27,000. Bfsg LLC bought a new position in shares of Airbnb during the fourth quarter worth about $27,000. McGlone Suttner Wealth Management Inc. bought a new stake in Airbnb in the 4th quarter valued at approximately $30,000. Finally, Farmers & Merchants Investments Inc. bought a new stake in Airbnb in the 3rd quarter valued at approximately $39,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Ratings Changes

ABNB has been the topic of a number of recent research reports. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a report on Thursday, April 11th. Truist Financial increased their price objective on shares of Airbnb from $118.00 to $131.00 and gave the stock a “hold” rating in a research note on Thursday, March 14th. Barclays lifted their target price on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research report on Monday, January 29th. UBS Group reduced their price target on Airbnb from $148.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Finally, Benchmark started coverage on Airbnb in a research note on Thursday, April 11th. They set a “buy” rating and a $190.00 price objective on the stock. Four research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $149.19.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 78,682 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the completion of the transaction, the chief technology officer now directly owns 144,331 shares in the company, valued at $24,435,238.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CTO Aristotle N. Balogh sold 78,682 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $169.30, for a total value of $13,320,862.60. Following the sale, the chief technology officer now directly owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Dave Stephenson sold 7,838 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $145.98, for a total value of $1,144,191.24. Following the transaction, the chief financial officer now directly owns 85,802 shares of the company’s stock, valued at approximately $12,525,375.96. The disclosure for this sale can be found here. Insiders have sold a total of 396,874 shares of company stock valued at $63,712,671 in the last ninety days. 27.83% of the stock is currently owned by company insiders.

Airbnb Price Performance

Airbnb stock traded up $1.38 during mid-day trading on Friday, reaching $159.71. 4,529,908 shares of the company were exchanged, compared to its average volume of 3,159,564. The firm has a market cap of $103.34 billion, a PE ratio of 22.06, a PEG ratio of 2.12 and a beta of 1.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66. The company has a fifty day simple moving average of $161.18 and a 200-day simple moving average of $144.81. Airbnb, Inc. has a 12 month low of $103.55 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.16 billion. As a group, equities research analysts expect that Airbnb, Inc. will post 4.47 earnings per share for the current fiscal 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.