Oxinas Partners Wealth Management LLC Sells 367 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Oxinas Partners Wealth Management LLC trimmed its stake in Airbnb, Inc. (NASDAQ:ABNB) by 20.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,397 shares of the company’s stock after selling 367 shares during the period. Oxinas Partners Wealth Management LLC’s holdings in Airbnb were worth $230,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. CVA Family Office LLC acquired a new stake in shares of Airbnb in the 4th quarter valued at $26,000. Orion Capital Management LLC bought a new position in Airbnb during the 3rd quarter valued at about $27,000. Bfsg LLC acquired a new position in Airbnb in the fourth quarter valued at about $27,000. Trust Co. of Vermont bought a new stake in Airbnb during the fourth quarter worth about $27,000. Finally, Vima LLC acquired a new stake in shares of Airbnb during the fourth quarter worth approximately $29,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Trading Up 1.8 %

NASDAQ:ABNB traded up $2.71 on Tuesday, reaching $154.34. The company’s stock had a trading volume of 3,525,299 shares, compared to its average volume of 4,412,301. Airbnb, Inc. has a 1-year low of $113.24 and a 1-year high of $170.10. The business’s 50-day moving average price is $150.20 and its two-hundred day moving average price is $151.11. The firm has a market cap of $99.40 billion, a PE ratio of 20.66, a PEG ratio of 1.88 and a beta of 1.18. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.44.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.18. The business had revenue of $2.14 billion during the quarter, compared to analyst estimates of $2.06 billion. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. Airbnb’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 EPS. Equities research analysts anticipate that Airbnb, Inc. will post 4.65 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Airbnb from $140.00 to $145.00 and gave the stock a “neutral” rating in a research report on Thursday, May 9th. Truist Financial raised their target price on Airbnb from $131.00 to $134.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. B. Riley assumed coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price target on the stock. Tigress Financial raised their price objective on shares of Airbnb from $185.00 to $195.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, Benchmark started coverage on shares of Airbnb in a research report on Thursday, April 11th. They set a “buy” rating and a $190.00 target price on the stock. Four research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $152.38.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $155.83, for a total value of $93,498.00. Following the sale, the chief technology officer now owns 221,704 shares in the company, valued at approximately $34,548,134.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were sold at an average price of $155.83, for a total transaction of $93,498.00. Following the transaction, the chief technology officer now directly owns 221,704 shares in the company, valued at $34,548,134.32. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Brian Chesky sold 115,385 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $146.08, for a total transaction of $16,855,440.80. Following the completion of the sale, the chief executive officer now owns 14,260,457 shares of the company’s stock, valued at approximately $2,083,167,558.56. The disclosure for this sale can be found here. Insiders sold 424,322 shares of company stock valued at $62,720,612 over the last quarter. Corporate insiders own 27.83% of the company’s stock.

About Airbnb

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.