SOA Wealth Advisors LLC. Has $30,000 Position in Airbnb, Inc. (NASDAQ:ABNB)

SOA Wealth Advisors LLC. cut its position in Airbnb, Inc. (NASDAQ:ABNB) by 30.4% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 252 shares of the company’s stock after selling 110 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Airbnb were worth $30,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Wynn Capital LLC raised its position in shares of Airbnb by 17.7% in the 1st quarter. Wynn Capital LLC now owns 3,092 shares of the company’s stock valued at $369,000 after buying an additional 465 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Airbnb by 126.1% during the 1st quarter. Sivia Capital Partners LLC now owns 4,939 shares of the company’s stock valued at $590,000 after purchasing an additional 2,755 shares during the last quarter. Gateway Investment Advisers LLC bought a new stake in shares of Airbnb during the 1st quarter valued at approximately $262,000. Impact Capital Partners LLC grew its holdings in shares of Airbnb by 28.9% during the 1st quarter. Impact Capital Partners LLC now owns 2,602 shares of the company’s stock valued at $311,000 after purchasing an additional 583 shares during the last quarter. Finally, Chemistry Wealth Management LLC grew its holdings in shares of Airbnb by 61.5% during the 1st quarter. Chemistry Wealth Management LLC now owns 6,147 shares of the company’s stock valued at $734,000 after purchasing an additional 2,340 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ABNB has been the topic of several research reports. The Goldman Sachs Group raised shares of Airbnb from a “sell” rating to a “neutral” rating and lifted their price target for the company from $110.00 to $153.00 in a report on Friday, February 14th. Phillip Securities lowered shares of Airbnb from a “hold” rating to a “moderate sell” rating in a report on Friday, May 9th. Citigroup decreased their price target on shares of Airbnb from $170.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, May 5th. Wells Fargo & Company lifted their target price on shares of Airbnb from $100.00 to $104.00 and gave the stock an “underweight” rating in a research report on Friday, May 2nd. Finally, Morgan Stanley lifted their target price on shares of Airbnb from $125.00 to $130.00 and gave the stock an “underweight” rating in a research report on Thursday, April 17th. Five investment analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $141.23.

Airbnb Stock Up 2.4%

Airbnb stock opened at $140.64 on Monday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm’s fifty day moving average is $123.61 and its 200 day moving average is $130.71. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The company has a market capitalization of $88.10 billion, a PE ratio of 34.05, a PEG ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period last year, the business posted $0.41 earnings per share. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 236,000 shares of the stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $128.66, for a total value of $30,363,760.00. Following the completion of the sale, the director now owns 1,416,015 shares in the company, valued at $182,184,489.90. This represents a 14.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nathan Blecharczyk sold 2,245 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $134.03, for a total transaction of $300,897.35. Following the completion of the sale, the insider now owns 188,173 shares of the company’s stock, valued at approximately $25,220,827.19. This represents a 1.18% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,642,018 shares of company stock valued at $202,748,249. Corporate insiders own 27.91% of the company’s stock.

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.