HighPoint Advisor Group LLC Sells 94 Shares of Airbnb, Inc. (NASDAQ:ABNB)

HighPoint Advisor Group LLC lowered its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,053 shares of the company’s stock after selling 94 shares during the period. HighPoint Advisor Group LLC’s holdings in Airbnb were worth $948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of ABNB. Golden State Wealth Management LLC bought a new stake in Airbnb in the 4th quarter valued at $25,000. Berbice Capital Management LLC purchased a new position in shares of Airbnb during the fourth quarter valued at about $26,000. Graney & King LLC bought a new stake in shares of Airbnb in the fourth quarter worth about $32,000. Whipplewood Advisors LLC purchased a new stake in shares of Airbnb in the fourth quarter worth about $44,000. Finally, Cromwell Holdings LLC boosted its stake in Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after buying an additional 170 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Activity at Airbnb

In other news, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $135.35, for a total value of $94,745.00. Following the sale, the chief technology officer now directly owns 184,714 shares in the company, valued at approximately $25,001,039.90. This trade represents a 0.38 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 183,078 shares of Airbnb stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the completion of the transaction, the insider now directly owns 164,850 shares in the company, valued at approximately $26,046,300. The trade was a 52.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,270,894 shares of company stock valued at $317,578,168 over the last quarter. 27.83% of the stock is owned by corporate insiders.

Airbnb Price Performance

NASDAQ ABNB opened at $121.18 on Wednesday. The company has a market cap of $76.41 billion, a PE ratio of 29.34, a P/E/G ratio of 3.52 and a beta of 1.10. The firm’s 50 day moving average price is $134.74 and its 200-day moving average price is $133.87. 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 52-week low of $110.38 and a 52-week high of $166.74.

Airbnb (NASDAQ:ABNB) last announced its 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 32.29% and a net margin of 23.85%. Sell-side analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on ABNB shares. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a research note on Friday, February 14th. HSBC raised shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Evercore ISI lifted their price objective on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a research note on Wednesday, January 15th. Hsbc Global Res upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Finally, Benchmark increased their price target on shares of Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Airbnb currently has an average rating of “Hold” and an average target price of $147.36.

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.