Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by OMC Financial Services LTD

OMC Financial Services LTD lessened its stake in Airbnb, Inc. (NASDAQ:ABNB) by 34.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 8,925 shares of the company’s stock after selling 4,690 shares during the period. OMC Financial Services LTD’s holdings in Airbnb were worth $1,173,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new stake in shares of Airbnb in the 3rd quarter valued at $25,000. Golden State Wealth Management LLC acquired a new position in Airbnb in the 4th quarter valued at about $25,000. Hollencrest Capital Management increased its stake in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the period. Berbice Capital Management LLC acquired a new stake in shares of Airbnb during the fourth quarter worth about $26,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Airbnb in the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Activity at Airbnb

In other news, CEO Brian Chesky sold 76,923 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $139.94, for a total value of $10,764,604.62. Following the completion of the transaction, the chief executive officer now owns 12,616,300 shares in the company, valued at $1,765,525,022. This trade represents a 0.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 500 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $136.01, for a total transaction of $68,005.00. Following the sale, the chief technology officer now directly owns 185,414 shares in the company, valued at approximately $25,218,158.14. This represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,417,704 shares of company stock worth $187,654,829 over the last 90 days. Company insiders own 27.83% of the company’s stock.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $134.98 on Monday. The stock has a fifty day moving average price of $132.98 and a 200 day moving average price of $129.94. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The company has a market cap of $85.57 billion, a PE ratio of 47.36, a P/E/G ratio of 1.88 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last released its 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). The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter last year, the business posted $2.39 EPS. Sell-side analysts forecast that Airbnb, Inc. will post 3.97 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ABNB shares. JPMorgan Chase & Co. increased their target price on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Bank of America lifted their target price on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Morgan Stanley upped their price target on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Barclays lifted their price objective on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Finally, JMP Securities restated a “market perform” rating on shares of Airbnb in a research note on Monday, December 16th. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $139.63.

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.