Airbnb, Inc. (NASDAQ:ABNB) Stock Position Reduced by Sicart Associates LLC

Sicart Associates LLC cut its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,382 shares of the company’s stock after selling 2,160 shares during the quarter. Airbnb comprises approximately 2.5% of Sicart Associates LLC’s holdings, making the stock its 16th largest position. Sicart Associates LLC’s holdings in Airbnb were worth $7,015,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Northwest Investment Counselors LLC bought a new stake in Airbnb in the 3rd quarter valued at $25,000. Hollencrest Capital Management lifted its position in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares during the period. Ashton Thomas Securities LLC acquired a new position in Airbnb during the 3rd quarter valued at about $30,000. Quarry LP acquired a new position in Airbnb during the 3rd quarter valued at about $55,000. Finally, CVA Family Office LLC lifted its position in Airbnb by 131.2% during the 3rd quarter. CVA Family Office LLC now owns 474 shares of the company’s stock valued at $60,000 after purchasing an additional 269 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Stock Performance

Shares of ABNB opened at $132.16 on Friday. 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 50-day simple moving average of $134.45 and a two-hundred day simple moving average of $132.22. The stock has a market cap of $83.79 billion, a price-to-earnings ratio of 46.37, a PEG ratio of 1.63 and a beta of 1.13. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10.

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

Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of analyst reports. Evercore ISI increased their price target on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research report on Wednesday. Jefferies Financial Group increased their target price on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Wedbush increased their target price on Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Citigroup increased their target price on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Morgan Stanley increased their target price on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research note on Monday. Six analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Airbnb currently has an average rating of “Hold” and a consensus target price of $139.63.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $136.11, for a total value of $81,666.00. Following the transaction, the chief technology officer now directly owns 192,844 shares in the company, valued at approximately $26,247,996.84. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Nathan Blecharczyk sold 9,603 shares of Airbnb stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the transaction, the insider now owns 164,850 shares in the company, valued at $21,466,767. This represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,130,982 shares of company stock worth $150,523,585. 27.83% of the stock is currently owned by company insiders.

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.