Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Signaturefd LLC

Signaturefd LLC lowered its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 2.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,411 shares of the company’s stock after selling 124 shares during the quarter. Signaturefd LLC’s holdings in Airbnb were worth $601,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. CVA Family Office LLC purchased a new position in shares of Airbnb in the fourth quarter valued at $26,000. Orion Capital Management LLC purchased a new position in shares of Airbnb in the third quarter valued at $27,000. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Airbnb in the fourth quarter valued at $30,000. Farmers & Merchants Investments Inc. purchased a new position in shares of Airbnb in the third quarter valued at $39,000. Finally, Financial Management Professionals Inc. increased its position in shares of Airbnb by 518.4% in the fourth quarter. Financial Management Professionals Inc. now owns 303 shares of the company’s stock valued at $41,000 after buying an additional 254 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $155.83, for a total transaction of $93,498.00. Following the sale, the chief technology officer now directly 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 through the SEC website. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, April 16th. The stock was sold at an average price of $155.83, for a total transaction of $93,498.00. Following the sale, the chief technology officer now directly 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 through the SEC website. Also, CFO Dave Stephenson sold 7,838 shares of Airbnb stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $145.98, for a total value of $1,144,191.24. Following the sale, the chief financial officer now owns 85,802 shares in the company, valued at $12,525,375.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 463,674 shares of company stock valued at $73,516,515. Corporate insiders own 30.84% of the company’s stock.

Airbnb Stock Performance

Airbnb stock opened at $160.95 on Wednesday. The stock’s 50 day moving average price is $159.80 and its 200 day moving average price is $142.89. The firm has a market capitalization of $104.15 billion, a PE ratio of 22.23, a price-to-earnings-growth ratio of 1.99 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. Airbnb, Inc. has a one year low of $103.55 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.67 by $0.09. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. As a group, sell-side analysts expect that Airbnb, Inc. will post 4.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ABNB shares. B. Riley Financial assumed coverage on Airbnb in a research report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price target for the company. JPMorgan Chase & Co. lifted their price objective on Airbnb from $118.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Piper Sandler lifted their price objective on Airbnb from $136.00 to $145.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. UBS Group dropped their price objective on Airbnb from $148.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research report on Thursday, April 11th. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average price target of $147.58.

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.