Sentry Investment Management LLC Has $238,000 Position in Airbnb, Inc. (NASDAQ:ABNB)

Sentry Investment Management LLC trimmed its stake in Airbnb, Inc. (NASDAQ:ABNB) by 14.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,812 shares of the company’s stock after selling 295 shares during the quarter. Sentry Investment Management LLC’s holdings in Airbnb were worth $238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ABNB. Verde Capital Management grew its stake in shares of Airbnb by 25.3% in the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after buying an additional 4,269 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Airbnb in the third quarter worth approximately $34,982,000. Tri Ri Asset Management Corp acquired a new stake in Airbnb in the third quarter valued at approximately $6,352,000. J.W. Cole Advisors Inc. raised its position in shares of Airbnb by 86.5% during the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after purchasing an additional 2,132 shares during the period. Finally, Baltimore Washington Financial Advisors Inc. raised its position in shares of Airbnb by 14.8% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock worth $6,498,000 after purchasing an additional 6,357 shares during the period. 80.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on ABNB. The Goldman Sachs Group upgraded shares of Airbnb from a “sell” rating to a “neutral” rating and boosted their price target for the company from $110.00 to $153.00 in a research note on Friday, February 14th. Argus raised shares of Airbnb from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Baird R W upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Susquehanna lifted their price target on Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a research note on Tuesday, February 18th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research note on Friday, February 14th. Five research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $146.48.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $141.55 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The stock has a market cap of $89.25 billion, a PE ratio of 34.27, a price-to-earnings-growth ratio of 3.52 and a beta of 1.12. The stock has a fifty day moving average of $135.89 and a 200-day moving average of $131.49.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Equities research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Nathan Blecharczyk sold 2,712 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $156.32, for a total value of $423,939.84. Following the transaction, the insider now owns 159,337 shares of the company’s stock, valued at approximately $24,907,559.84. This represents a 1.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 19,448 shares of Airbnb stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $137.14, for a total value of $2,667,098.72. Following the sale, the director now directly owns 2,509 shares of the company’s stock, valued at $344,084.26. This represents a 88.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,876,329 shares of company stock valued at $265,258,279. Company 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.