Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC lowered its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 24.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 5,729 shares of the company’s stock after selling 1,838 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Airbnb were worth $753,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Northwest Investment Counselors LLC acquired a new stake in shares of Airbnb in the third quarter worth $25,000. Berbice Capital Management LLC purchased a new position in Airbnb during the fourth quarter valued at approximately $26,000. Hollencrest Capital Management boosted its position in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Airbnb during the 3rd quarter valued at approximately $30,000. Finally, Quarry LP purchased a new stake in Airbnb during the third quarter worth $55,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $133.19, for a total value of $5,122,620.59. Following the completion of the transaction, the chief executive officer now owns 12,460,447 shares in the company, valued at approximately $1,659,606,935.93. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $135.47, for a total transaction of $94,829.00. Following the sale, the chief technology officer now owns 183,314 shares in the company, valued at $24,833,547.58. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,157,308 shares of company stock worth $153,981,848 in the last ninety days. 27.83% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ABNB has been the topic of several recent analyst reports. Piper Sandler increased their target price on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Barclays boosted their price target on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. JPMorgan Chase & Co. increased their price objective on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Bank of America boosted their target price on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Finally, Susquehanna boosted their price objective on Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research note on Monday, November 11th. Six analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $139.63.

Airbnb Trading Up 1.5 %

ABNB opened at $128.96 on Tuesday. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $133.90 and a 200-day simple moving average of $130.98. The firm has a market cap of $81.76 billion, a P/E ratio of 45.25, a P/E/G ratio of 1.80 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last released its earnings results 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). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the firm earned $2.39 earnings per share. On average, equities analysts expect that Airbnb, Inc. will post 3.98 earnings per share for the current year.

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.