Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. cut its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 13.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 36,516 shares of the company’s stock after selling 5,464 shares during the period. Vontobel Holding Ltd.’s holdings in Airbnb were worth $4,799,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in ABNB. Northwest Investment Counselors LLC acquired a new stake in shares of Airbnb during the third quarter worth about $25,000. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb during the fourth quarter worth about $25,000. Hollencrest Capital Management increased its position in shares of Airbnb by 6,666.7% during the third 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. Berbice Capital Management LLC acquired a new stake in shares of Airbnb during the fourth quarter worth about $26,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Airbnb during the third quarter worth about $30,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Up 14.4 %

Shares of NASDAQ ABNB opened at $161.42 on Friday. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The firm has a fifty day moving average of $133.49 and a 200-day moving average of $130.11. The stock has a market capitalization of $102.34 billion, a PE ratio of 56.64, a P/E/G ratio of 1.88 and a beta of 1.12. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. On average, analysts anticipate that Airbnb, Inc. will post 3.97 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Canaccord Genuity Group lifted their target price on Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday. Susquehanna raised their price target on Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a report on Monday, November 11th. Benchmark raised their price target on Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a report on Friday. JMP Securities reissued a “market perform” rating on shares of Airbnb in a report on Friday. Finally, Barclays raised their price target on Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a report on Friday. Five research analysts have rated the stock with a sell rating, twenty have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $145.79.

Insider Activity at Airbnb

In related news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total value of $28,088,477.80. Following the completion of the sale, the director now directly owns 10,321 shares in the company, valued at approximately $1,352,876.68. This represents a 95.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $136.01, for a total value of $68,005.00. Following the sale, the chief technology officer now owns 185,414 shares of the company’s stock, valued at $25,218,158.14. This represents a 0.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,608,005 shares of company stock worth $214,394,023. Corporate insiders own 27.83% of the company’s stock.

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.