Stephens Inc. AR Reduces Stake in Airbnb, Inc. (NASDAQ:ABNB)

Stephens Inc. AR cut its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,210 shares of the company’s stock after selling 345 shares during the quarter. Stephens Inc. AR’s holdings in Airbnb were worth $2,656,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC boosted its position in shares of Airbnb by 2.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 20,248 shares of the company’s stock worth $2,568,000 after buying an additional 495 shares in the last quarter. Koshinski Asset Management Inc. lifted its holdings in shares of Airbnb by 3.8% in the third quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $292,000 after purchasing an additional 85 shares in the last quarter. Sapient Capital LLC grew its position in shares of Airbnb by 201.3% in the third quarter. Sapient Capital LLC now owns 4,275 shares of the company’s stock valued at $542,000 after purchasing an additional 2,856 shares during the last quarter. CX Institutional increased its stake in shares of Airbnb by 17.1% during the 3rd quarter. CX Institutional now owns 1,679 shares of the company’s stock worth $213,000 after purchasing an additional 245 shares in the last quarter. Finally, Creative Planning raised its position in shares of Airbnb by 44.0% during the 3rd quarter. Creative Planning now owns 70,442 shares of the company’s stock worth $8,808,000 after purchasing an additional 21,518 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. TD Cowen increased their target price on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, November 8th. Jefferies Financial Group increased their price objective on Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. boosted their target price on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Robert W. Baird upped their target price on shares of Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Phillip Securities reiterated a “reduce” rating and set a $120.00 price target on shares of Airbnb in a report on Tuesday, November 12th. Six research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $139.63.

Insiders Place Their Bets

In related news, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total value of $28,088,477.80. Following the completion of the sale, the director now owns 10,321 shares in the company, valued at approximately $1,352,876.68. The trade was a 95.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Nathan Blecharczyk sold 9,603 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the sale, the insider now directly owns 164,850 shares in the company, valued at $21,466,767. This represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,417,704 shares of company stock worth $187,654,829 in the last three months. 27.83% of the stock is owned by insiders.

Airbnb Trading Down 0.5 %

NASDAQ:ABNB opened at $134.52 on Wednesday. The stock has a market cap of $85.28 billion, a price-to-earnings ratio of 47.20, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The business’s 50-day simple moving average is $132.87 and its 200 day simple moving average is $129.87.

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.