Rhumbline Advisers Sells 20,249 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Rhumbline Advisers lessened its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 780,600 shares of the company’s stock after selling 20,249 shares during the period. Rhumbline Advisers’ holdings in Airbnb were worth $102,579,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ABNB. Northwest Investment Counselors LLC bought a new stake in Airbnb in the 3rd quarter valued at $25,000. Golden State Wealth Management LLC bought a new stake in Airbnb in the 4th quarter valued at $25,000. Hollencrest Capital Management raised its stake in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the period. Berbice Capital Management LLC bought a new stake in Airbnb in the 4th quarter valued at $26,000. Finally, Ashton Thomas Securities LLC bought a new position in Airbnb during the 3rd quarter worth $30,000. Institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In other news, CEO Brian Chesky sold 190,301 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $140.51, for a total transaction of $26,739,193.51. Following the completion of the transaction, the chief executive officer now directly owns 12,231,685 shares in the company, valued at $1,718,674,059.35. This trade represents a 1.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total value of $89,705.00. Following the transaction, the chief technology officer now owns 182,614 shares of the company’s stock, valued at $23,401,984.10. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,608,005 shares of company stock worth $214,394,023. 27.83% of the stock is currently owned by insiders.

Airbnb Price Performance

Airbnb stock opened at $161.42 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 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. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The stock has a 50-day moving average price of $133.49 and a two-hundred day moving average price of $130.11.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, February 13th. The company reported $0.73 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%. Analysts expect that Airbnb, Inc. will post 3.97 EPS for the current year.

Wall Street Analysts Forecast Growth

ABNB has been the topic of several recent research reports. Robert W. Baird upgraded Airbnb from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $140.00 to $175.00 in a research report on Friday. JPMorgan Chase & Co. increased their price objective on Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. UBS Group increased their price objective on Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday. Phillip Securities reiterated a “reduce” rating and set a $120.00 price objective on shares of Airbnb in a research report on Tuesday, November 12th. Finally, Evercore ISI increased their price objective on Airbnb to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, January 15th. Five investment analysts have rated the stock with a sell rating, twenty have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $145.79.

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.