First Trust Advisors Reduces $13M in Airbnb, Inc. ($ABNB)
Key Points
- First Trust Advisors changed its Airbnb, Inc. ($ABNB) stake by 5.6% last quarter, cutting to 1,718,116 shares worth $224.85 million.
- Wall Street's consensus rating on $ABNB is Buy and an average price target of $156.47.
- $ABNB last traded around $130.87.
First Trust Advisors trimmed its position in Airbnb, Inc. ($ABNB) by 5.6% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,718,116 shares of Airbnb, Inc. after selling 102,848 shares during the quarter. First Trust Advisors's holdings in Airbnb, Inc. were worth $224.85 million as of its most recent filing.
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About Airbnb, Inc.
Airbnb, Inc., together with its subsidiaries, operates a platform for stays, experiences, and services worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces, experiences, and services. It also offers gift cards. The company was formerly known as AirBed & Breakfast, Inc. and changed its name to Airbnb, Inc. in November 2010. Airbnb, Inc. was founded in 2007 and is headquartered in San Francisco, California.
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