Airbnb, Inc. (NASDAQ:ABNB) Holdings Trimmed by Xponance Inc.

Xponance Inc. trimmed its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 0.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 100,168 shares of the company’s stock after selling 383 shares during the period. Xponance Inc.’s holdings in Airbnb were worth $13,163,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb during the 4th quarter valued at $25,000. Berbice Capital Management LLC acquired a new stake in shares of Airbnb during the 4th quarter valued at $26,000. Whipplewood Advisors LLC acquired a new stake in shares of Airbnb during the 4th quarter valued at $44,000. Cromwell Holdings LLC boosted its stake in shares of Airbnb by 82.5% during the 4th 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 period. Finally, Quarry LP acquired a new stake in shares of Airbnb during the 3rd quarter valued at $55,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on ABNB. Susquehanna lifted their target price on shares of Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a research note on Tuesday, February 18th. Truist Financial decreased their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research note on Wednesday, December 4th. Baird R W raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Canaccord Genuity Group lifted their price objective on shares of Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Morgan Stanley lifted their price objective on shares of Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $148.15.

Insider Activity at Airbnb

In related news, Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.80, for a total value of $27,171,338.00. Following the sale, the director now owns 214,290 shares of the company’s stock, valued at $27,171,972. The trade was a 50.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Nathan Blecharczyk sold 183,078 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were 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 owns 164,850 shares in the company, valued at approximately $26,046,300. This trade represents a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,055,209 shares of company stock valued at $289,943,548 over the last quarter. 27.83% of the stock is owned by company insiders.

Airbnb Stock Performance

NASDAQ:ABNB opened at $124.56 on Wednesday. The firm’s 50-day moving average is $135.93 and its 200-day moving average is $133.20. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market cap of $78.54 billion, a price-to-earnings ratio of 30.16, a PEG ratio of 3.52 and a beta of 1.10.

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 net margin of 23.85% and a return on equity of 32.29%. Equities research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

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.