Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by M. Kulyk & Associates LLC

M. Kulyk & Associates LLC cut its stake in Airbnb, Inc. (NASDAQ:ABNB) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,378 shares of the company’s stock after selling 909 shares during the period. M. Kulyk & Associates LLC’s holdings in Airbnb were worth $970,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Edgewood Management LLC increased its position in Airbnb by 9.2% in the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after buying an additional 1,143,464 shares during the period. Geode Capital Management LLC increased its holdings in shares of Airbnb by 1.6% during the third quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock valued at $1,189,635,000 after purchasing an additional 146,761 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Airbnb by 6,085.6% during the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after purchasing an additional 4,172,985 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Airbnb by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,790,644 shares of the company’s stock valued at $366,719,000 after purchasing an additional 84,348 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Airbnb by 3.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,360,004 shares of the company’s stock valued at $299,272,000 after purchasing an additional 80,610 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Down 0.3 %

Shares of ABNB stock opened at $134.39 on Friday. The stock’s 50 day simple moving average is $136.94 and its 200 day simple moving average is $132.66. 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 twelve month low of $110.38 and a twelve month high of $170.10. The company has a market capitalization of $84.74 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data 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%. As a group, research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on ABNB shares. UBS Group raised their price target on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Canaccord Genuity Group raised their price target on Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a report on Friday, February 14th. Susquehanna raised their price target on Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a report on Tuesday, February 18th. B. Riley raised their price target on Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Finally, Wedbush reissued an “outperform” rating and set a $155.00 price target on shares of Airbnb in a report on Tuesday, February 4th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $146.48.

Insiders Place Their Bets

In other Airbnb news, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $137.00, for a total value of $137,000.00. Following the transaction, the chief accounting officer now directly owns 40,581 shares of the company’s stock, valued at $5,559,597. The trade was a 2.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total value of $89,705.00. Following the completion of the transaction, the chief technology officer now directly owns 182,614 shares in the company, valued at approximately $23,401,984.10. This represents 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 2,093,970 shares of company stock valued at $296,365,992 in the last three months. 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.