Mount Vernon Associates Inc. MD Sells 690 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Mount Vernon Associates Inc. MD reduced its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 8.1% in the 4th quarter, Holdings Channel reports. The firm owned 7,875 shares of the company’s stock after selling 690 shares during the period. Airbnb accounts for approximately 0.8% of Mount Vernon Associates Inc. MD’s holdings, making the stock its 28th largest position. Mount Vernon Associates Inc. MD’s holdings in Airbnb were worth $1,035,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of ABNB. Envestnet Asset Management Inc. boosted its position in Airbnb by 10.8% in the second quarter. Envestnet Asset Management Inc. now owns 920,842 shares of the company’s stock valued at $139,627,000 after buying an additional 89,978 shares in the last quarter. J.W. Cole Advisors Inc. lifted its stake in shares of Airbnb by 52.9% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 2,466 shares of the company’s stock valued at $374,000 after acquiring an additional 853 shares during the last quarter. Angeles Investment Advisors LLC boosted its holdings in shares of Airbnb by 13.6% during the 2nd quarter. Angeles Investment Advisors LLC now owns 2,176 shares of the company’s stock valued at $330,000 after acquiring an additional 260 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Airbnb by 13.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 788,487 shares of the company’s stock worth $119,558,000 after acquiring an additional 90,788 shares during the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new position in Airbnb in the 2nd quarter worth about $3,453,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $132.36 on Wednesday. The firm has a market cap of $83.91 billion, a price-to-earnings ratio of 46.44, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. The stock has a fifty day simple moving average of $134.62 and a two-hundred day simple moving average of $132.22. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period last year, the business posted $2.39 EPS. Analysts anticipate that Airbnb, Inc. will post 3.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ABNB shares. TD Cowen upped their price objective on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Raymond James initiated coverage on shares of Airbnb in a research report on Friday, September 27th. They issued a “market perform” rating and a $134.00 price target for the company. Truist Financial cut their price target on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Sanford C. Bernstein decreased their price objective on Airbnb from $174.00 to $155.00 and set an “outperform” rating for the company in a report on Tuesday, September 17th. Finally, JMP Securities reissued a “market perform” rating on shares of Airbnb in a research note on Monday, December 16th. Six research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $139.32.

Insider Activity

In other Airbnb news, insider Nathan Blecharczyk sold 9,603 shares of the business’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the sale, the insider now owns 164,850 shares of the company’s stock, valued at $21,466,767. The trade was a 5.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $135.33, for a total value of $81,198.00. Following the sale, the chief technology officer now owns 192,244 shares in the company, valued at approximately $26,016,380.52. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 915,997 shares of company stock valued at $122,800,660 over the last quarter. Company insiders own 27.83% of the company’s stock.

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.