Bordeaux Wealth Advisors LLC Sells 6,489 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Bordeaux Wealth Advisors LLC reduced its stake in Airbnb, Inc. (NASDAQ:ABNB) by 50.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,441 shares of the company’s stock after selling 6,489 shares during the period. Bordeaux Wealth Advisors LLC’s holdings in Airbnb were worth $977,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ABNB. Transcendent Capital Group LLC bought a new position in Airbnb in the 1st quarter worth about $25,000. New Millennium Group LLC bought a new position in shares of Airbnb in the second quarter valued at approximately $28,000. Trust Co. of Vermont purchased a new position in Airbnb during the fourth quarter valued at approximately $27,000. Westend Capital Management LLC bought a new stake in Airbnb during the 1st quarter worth approximately $33,000. Finally, Northwest Investment Counselors LLC purchased a new stake in Airbnb in the 1st quarter worth approximately $33,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO David C. Bernstein sold 2,000 shares of Airbnb stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $145.50, for a total transaction of $291,000.00. Following the sale, the chief accounting officer now owns 45,043 shares of the company’s stock, valued at approximately $6,553,756.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total transaction of $71,364.00. Following the completion of the transaction, the chief technology officer now owns 198,244 shares of the company’s stock, valued at $23,579,141.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO David C. Bernstein sold 2,000 shares of the business’s stock in a transaction on Friday, June 14th. The shares were sold at an average price of $145.50, for a total transaction of $291,000.00. Following the sale, the chief accounting officer now owns 45,043 shares in the company, valued at approximately $6,553,756.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 612,907 shares of company stock worth $91,473,471. 27.83% of the stock is currently owned by corporate insiders.

Airbnb Stock Performance

Airbnb stock opened at $116.16 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. The firm has a market cap of $74.81 billion, a P/E ratio of 15.55, a P/E/G ratio of 1.55 and a beta of 1.16. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The firm has a 50-day moving average of $132.52 and a 200-day moving average of $147.29.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.98 EPS. Sell-side analysts expect that Airbnb, Inc. will post 4.43 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ABNB. Piper Sandler decreased their price target on shares of Airbnb from $155.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a report on Wednesday, August 7th. UBS Group decreased their price objective on shares of Airbnb from $160.00 to $134.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. HSBC cut shares of Airbnb from a “buy” rating to a “hold” rating and cut their price target for the stock from $160.00 to $156.00 in a research note on Thursday, May 9th. Finally, BMO Capital Markets lowered their price objective on shares of Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Airbnb has an average rating of “Hold” and a consensus target price of $134.48.

Airbnb 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.