Hantz Financial Services Inc. Sells 10,357 Shares of Airbnb, Inc. $ABNB

Hantz Financial Services Inc. decreased its position in Airbnb, Inc. (NASDAQ:ABNB) by 6.0% during the 2nd quarter, Holdings Channel.com reports. The firm owned 163,274 shares of the company’s stock after selling 10,357 shares during the period. Hantz Financial Services Inc.’s holdings in Airbnb were worth $21,608,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Arkadios Wealth Advisors lifted its position in shares of Airbnb by 54.3% during the 2nd quarter. Arkadios Wealth Advisors now owns 8,610 shares of the company’s stock valued at $1,139,000 after buying an additional 3,030 shares during the last quarter. World Investment Advisors raised its stake in Airbnb by 29.0% in the 2nd quarter. World Investment Advisors now owns 75,388 shares of the company’s stock valued at $9,977,000 after acquiring an additional 16,961 shares during the period. Markel Group Inc. raised its stake in Airbnb by 15.3% in the 2nd quarter. Markel Group Inc. now owns 212,003 shares of the company’s stock valued at $28,056,000 after acquiring an additional 28,183 shares during the period. Mizuho Markets Cayman LP purchased a new stake in Airbnb during the second quarter valued at about $6,177,000. Finally, New York Life Investment Management LLC boosted its position in Airbnb by 1.0% during the second quarter. New York Life Investment Management LLC now owns 64,778 shares of the company’s stock worth $8,573,000 after purchasing an additional 663 shares during the period. 80.76% of the stock is owned by institutional investors.

Airbnb Price Performance

ABNB opened at $126.48 on Thursday. The company has a fifty day moving average price of $124.62 and a 200-day moving average price of $128.28. The firm has a market capitalization of $78.60 billion, a P/E ratio of 30.62, a price-to-earnings-growth ratio of 2.33 and a beta of 1.10. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.11. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The firm’s revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 earnings per share. On average, analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Nathan Blecharczyk sold 2,246 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $125.20, for a total value of $281,199.20. Following the transaction, the insider directly owned 182,514 shares in the company, valued at approximately $22,850,752.80. This represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Elinor Mertz sold 12,184 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $127.65, for a total transaction of $1,555,287.60. Following the completion of the sale, the chief financial officer directly owned 444,070 shares in the company, valued at $56,685,535.50. This represents a 2.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 1,674,660 shares of company stock worth $209,287,707 in the last ninety days. 27.91% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ABNB has been the topic of several research reports. Zacks Research raised shares of Airbnb to a “hold” rating in a research report on Tuesday, August 12th. Phillip Securities raised shares of Airbnb from a “moderate sell” rating to a “hold” rating in a report on Friday, August 8th. JPMorgan Chase & Co. raised their price target on Airbnb from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Royal Bank Of Canada lifted their price target on Airbnb from $140.00 to $145.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. Finally, Morgan Stanley dropped their price objective on Airbnb from $130.00 to $120.00 and set an “underweight” rating on the stock in a report on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, Airbnb currently has an average rating of “Hold” and a consensus price target of $141.70.

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.