HUB Investment Partners LLC Lowers Position in Airbnb, Inc. (NASDAQ:ABNB)

HUB Investment Partners LLC trimmed its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 3.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,645 shares of the company’s stock after selling 105 shares during the quarter. HUB Investment Partners LLC’s holdings in Airbnb were worth $348,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in shares of Airbnb during the fourth quarter worth about $25,000. Berbice Capital Management LLC bought a new stake in Airbnb during the fourth quarter valued at approximately $26,000. Whipplewood Advisors LLC purchased a new position in Airbnb in the 4th quarter worth approximately $44,000. Cromwell Holdings LLC increased its holdings in shares of Airbnb by 82.5% in the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after buying an additional 170 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Airbnb during the 3rd quarter valued at $55,000. 80.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on ABNB shares. Benchmark upped their target price on shares of Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. The Goldman Sachs Group upgraded Airbnb from a “sell” rating to a “neutral” rating and increased their price objective for the company from $110.00 to $153.00 in a research report on Friday, February 14th. Jefferies Financial Group raised Airbnb from a “hold” rating to a “buy” rating and raised their price objective for the company from $165.00 to $185.00 in a report on Monday, March 10th. Tigress Financial upped their target price on Airbnb from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, March 14th. Finally, Hsbc Global Res upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. 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 issued a strong buy rating to the company. According to MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average price target of $147.82.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 20,000 shares of Airbnb stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $131.87, for a total value of $2,637,400.00. Following the completion of the transaction, the chief technology officer now owns 185,414 shares of the company’s stock, valued at $24,450,544.18. The trade was a 9.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Chesky sold 230,772 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the sale, the chief executive officer now directly owns 12,000,913 shares in the company, valued at $1,934,067,139.08. This trade represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,094,370 shares of company stock worth $294,900,910. Insiders own 27.83% of the company’s stock.

Airbnb Price Performance

ABNB opened at $128.80 on Friday. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.00. The company has a market cap of $81.21 billion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $135.72 and a two-hundred day simple moving average of $133.18.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) 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%. Research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Airbnb 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.