J.W. Cole Advisors Inc. Has $479,000 Holdings in Airbnb, Inc. (NASDAQ:ABNB)

J.W. Cole Advisors Inc. lessened its position in shares of Airbnb, Inc. (NASDAQ:ABNBGet Rating) by 56.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 2,787 shares of the company’s stock after selling 3,588 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Airbnb were worth $479,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Airbnb during the 4th quarter worth approximately $25,000. City State Bank bought a new position in shares of Airbnb during the 4th quarter worth approximately $25,000. Core Wealth Advisors Inc. bought a new position in shares of Airbnb during the 4th quarter worth approximately $26,000. Elequin Capital LP bought a new position in shares of Airbnb during the 1st quarter worth approximately $27,000. Finally, Itau Unibanco Holding S.A. bought a new position in shares of Airbnb during the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 39.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. DA Davidson cut their target price on Airbnb from $210.00 to $140.00 and set a “buy” rating on the stock in a report on Wednesday, August 3rd. The Goldman Sachs Group cut their target price on Airbnb from $150.00 to $95.00 and set a “sell” rating on the stock in a report on Thursday, June 9th. Deutsche Bank Aktiengesellschaft cut their target price on Airbnb from $120.00 to $110.00 and set a “hold” rating on the stock in a report on Wednesday, August 3rd. Morgan Stanley increased their target price on Airbnb from $100.00 to $125.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 23rd. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $160.00 target price on shares of Airbnb in a report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $159.15.

Insider Buying and Selling at Airbnb

In other Airbnb news, insider Joseph Gebbia sold 250,000 shares of Airbnb stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $125.33, for a total transaction of $31,332,500.00. Following the completion of the transaction, the insider now owns 2,250,101 shares of the company’s stock, valued at approximately $282,005,158.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Joseph Gebbia sold 250,000 shares of Airbnb stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $125.33, for a total transaction of $31,332,500.00. Following the completion of the sale, the insider now owns 2,250,101 shares in the company, valued at approximately $282,005,158.33. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Catherine C. Powell sold 5,055 shares of Airbnb stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $110.48, for a total value of $558,476.40. Following the sale, the insider now owns 114,107 shares of the company’s stock, valued at approximately $12,606,541.36. The disclosure for this sale can be found here. Insiders sold 849,169 shares of company stock valued at $96,762,160 in the last quarter. 32.69% of the stock is currently owned by corporate insiders.

Airbnb Stock Up 0.0 %

ABNB stock opened at $118.78 on Tuesday. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $77.05 billion, a PE ratio of 64.91 and a beta of 1.14. Airbnb, Inc. has a twelve month low of $86.71 and a twelve month high of $212.58. The stock has a 50-day simple moving average of $113.37 and a two-hundred day simple moving average of $126.46.

Airbnb (NASDAQ:ABNBGet Rating) last posted its earnings results on Tuesday, August 2nd. The company reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. Airbnb had a return on equity of 26.03% and a net margin of 16.91%. During the same quarter last year, the firm posted ($0.11) earnings per share. On average, equities analysts predict that Airbnb, Inc. will post 2.25 EPS for the current fiscal year.

Airbnb Company Profile

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Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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