Chicago Capital LLC Sells 1,419 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Chicago Capital LLC reduced its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 26.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 4,027 shares of the company’s stock after selling 1,419 shares during the period. Chicago Capital LLC’s holdings in Airbnb were worth $529,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of ABNB. Algert Global LLC acquired a new stake in shares of Airbnb during the second quarter worth approximately $374,000. Czech National Bank increased its position in Airbnb by 6.5% in the 3rd quarter. Czech National Bank now owns 89,633 shares of the company’s stock valued at $11,366,000 after acquiring an additional 5,501 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Airbnb by 39.2% in the third quarter. SG Americas Securities LLC now owns 31,125 shares of the company’s stock worth $3,947,000 after acquiring an additional 8,762 shares during the last quarter. Handelsbanken Fonder AB lifted its position in shares of Airbnb by 3.8% during the third quarter. Handelsbanken Fonder AB now owns 141,129 shares of the company’s stock worth $17,897,000 after purchasing an additional 5,119 shares in the last quarter. Finally, Chemistry Wealth Management LLC grew its stake in shares of Airbnb by 90.7% during the third quarter. Chemistry Wealth Management LLC now owns 2,660 shares of the company’s stock valued at $337,000 after purchasing an additional 1,265 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ABNB shares. JPMorgan Chase & Co. upped their price target on Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Robert W. Baird upped their target price on shares of Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Benchmark reiterated a “buy” rating and set a $155.00 price target on shares of Airbnb in a research report on Friday, November 8th. Wells Fargo & Company cut their price objective on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Finally, DA Davidson lifted their target price on shares of Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $139.63.

Insiders Place Their Bets

In related news, CEO Brian Chesky sold 76,923 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $139.94, for a total value of $10,764,604.62. Following the completion of the transaction, the chief executive officer now directly owns 12,616,300 shares in the company, valued at $1,765,525,022. This trade represents a 0.61 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the transaction, the director now owns 10,321 shares of the company’s stock, valued at $1,352,876.68. The trade was a 95.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,372,293 shares of company stock worth $181,759,318. Company insiders own 27.83% of the company’s stock.

Airbnb Trading Down 1.1 %

Shares of ABNB stock opened at $129.78 on Tuesday. The business has a 50-day moving average of $133.47 and a 200 day moving average of $130.39. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The stock has a market capitalization of $82.28 billion, a PE ratio of 45.54, a P/E/G ratio of 1.72 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last posted its earnings results 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). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the business earned $2.39 earnings per share. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 3.98 earnings per share for the current year.

Airbnb Company 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.