MWA Asset Management Trims Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

MWA Asset Management trimmed its stake in Airbnb, Inc. (NASDAQ:ABNB) by 25.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,227 shares of the company’s stock after selling 1,105 shares during the period. MWA Asset Management’s holdings in Airbnb were worth $424,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ABNB. Joel Isaacson & Co. LLC boosted its stake in Airbnb by 29.3% in the fourth quarter. Joel Isaacson & Co. LLC now owns 3,764 shares of the company’s stock valued at $495,000 after acquiring an additional 853 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of Airbnb in the 4th quarter valued at about $25,000. Centerline Wealth Advisors LLC acquired a new stake in shares of Airbnb in the 4th quarter valued at about $265,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Airbnb by 14.6% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 123,382 shares of the company’s stock worth $16,214,000 after buying an additional 15,762 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in Airbnb by 0.8% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,048,013 shares of the company’s stock worth $137,719,000 after buying an additional 8,777 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Airbnb

In other news, CFO Elinor Mertz sold 6,250 shares of the business’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $129.58, for a total value of $809,875.00. Following the completion of the transaction, the chief financial officer now owns 484,988 shares of the company’s stock, valued at $62,844,745.04. The trade was a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $129.58, for a total transaction of $90,706.00. Following the transaction, the chief technology officer now directly owns 181,914 shares in the company, valued at $23,572,416.12. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,417,704 shares of company stock valued at $187,654,829. 27.83% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ABNB has been the subject of several research analyst reports. JMP Securities reissued a “market perform” rating on shares of Airbnb in a report on Monday, December 16th. Jefferies Financial Group increased their price target on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. DA Davidson increased their target price on shares of Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research note on Monday, November 18th. Finally, UBS Group raised their price target on Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $139.63.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $134.98 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $132.98 and its 200 day moving average price is $130.17. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The stock has a market cap of $85.57 billion, a price-to-earnings ratio of 47.36, a PEG ratio of 1.72 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the company earned $2.39 earnings per share. As a group, research analysts forecast that Airbnb, Inc. will post 3.98 earnings per share for the current fiscal 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.