Procyon Advisors LLC Sells 467 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Procyon Advisors LLC decreased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 9.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,265 shares of the company’s stock after selling 467 shares during the period. Procyon Advisors LLC’s holdings in Airbnb were worth $581,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Chicago Partners Investment Group LLC grew its holdings in shares of Airbnb by 5.1% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 1,823 shares of the company’s stock valued at $250,000 after purchasing an additional 89 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of Airbnb by 33.0% during the 1st quarter. Parkside Financial Bank & Trust now owns 399 shares of the company’s stock valued at $69,000 after purchasing an additional 99 shares during the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Airbnb by 0.7% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 13,937 shares of the company’s stock valued at $1,912,000 after purchasing an additional 103 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Airbnb by 15.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 794 shares of the company’s stock valued at $109,000 after purchasing an additional 108 shares during the last quarter. Finally, Apollon Wealth Management LLC grew its holdings in Airbnb by 4.2% in the 1st quarter. Apollon Wealth Management LLC now owns 2,675 shares of the company’s stock worth $333,000 after acquiring an additional 108 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $164.96 on Friday. The firm has a 50 day moving average of $154.93 and a 200 day moving average of $139.87. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $106.74 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 2.12 and a beta of 1.25. 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 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The business had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. On average, research analysts anticipate that Airbnb, Inc. will post 4.68 earnings per share for the current year.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 78,682 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $169.30, for a total value of $13,320,862.60. Following the transaction, the chief technology officer now 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 available through this link. In related news, CTO Aristotle N. Balogh sold 78,682 shares of the company’s stock in a transaction 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 sale, the chief technology officer now 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 SEC, which is available through the SEC website. Also, CEO Brian Chesky sold 82,636 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $134.32, for a total transaction of $11,099,667.52. Following the sale, the chief executive officer now directly owns 15,282,997 shares in the company, valued at approximately $2,052,812,157.04. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 856,222 shares of company stock valued at $126,839,880. 30.84% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ABNB has been the topic of a number of recent analyst reports. Piper Sandler raised their price target on shares of Airbnb from $136.00 to $145.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Needham & Company LLC raised their price target on shares of Airbnb from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. DA Davidson reissued a “neutral” rating and issued a $145.00 price target on shares of Airbnb in a report on Friday, March 15th. Mizuho raised their price target on shares of Airbnb from $130.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, January 17th. Finally, TheStreet raised shares of Airbnb from a “c-” rating to a “b-” rating in a research report on Tuesday, December 12th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $144.96.

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.