Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by EntryPoint Capital LLC

EntryPoint Capital LLC decreased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 14.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,975 shares of the company’s stock after selling 346 shares during the period. EntryPoint Capital LLC’s holdings in Airbnb were worth $260,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently 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 approximately $25,000. Berbice Capital Management LLC acquired a new position in Airbnb in the fourth quarter valued at $26,000. Whipplewood Advisors LLC purchased a new stake in shares of Airbnb in the fourth quarter valued at about $44,000. Cromwell Holdings LLC boosted its stake in shares of Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after buying an additional 170 shares during the period. Finally, Quarry LP purchased a new position in shares of Airbnb during the third quarter worth about $55,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Down 3.9 %

ABNB stock opened at $120.69 on Friday. The company has a 50 day moving average price of $135.29 and a two-hundred day moving average price of $133.58. 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 stock has a market capitalization of $76.10 billion, a P/E ratio of 29.22, a PEG ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a one year low of $110.38 and a one year high of $166.74.

Airbnb (NASDAQ:ABNB) last released 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 32.29% and a net margin of 23.85%. As a group, sell-side analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Transactions at Airbnb

In other news, CEO Brian Chesky sold 38,461 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $135.82, for a total transaction of $5,223,773.02. Following the completion of the sale, the chief executive officer now directly owns 12,498,908 shares in the company, valued at $1,697,601,684.56. This represents a 0.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CTO Aristotle N. Balogh sold 700 shares of the business’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 of the company’s stock, valued at approximately $25,001,039.90. This trade represents a 0.38 % 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 worth $317,578,168 in the last three months. Company insiders own 27.83% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. UBS Group upped their price objective on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Benchmark increased their price target on Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Susquehanna boosted their price objective 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. Hsbc Global Res upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Finally, Wedbush reiterated an “outperform” rating and set a $155.00 price target on shares of Airbnb in a research note on Tuesday, February 4th. Five 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 stock. According to MarketBeat, the stock presently has a consensus 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.