Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. lessened its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 5.4% in the 4th quarter, Holdings Channel reports. The firm owned 2,383 shares of the company’s stock after selling 136 shares during the period. Jefferies Financial Group Inc.’s holdings in Airbnb were worth $313,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Verde Capital Management raised its position in shares of Airbnb by 25.3% during the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock worth $2,775,000 after purchasing an additional 4,269 shares during the last quarter. Baltimore Washington Financial Advisors Inc. raised its holdings in Airbnb by 14.8% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock valued at $6,498,000 after acquiring an additional 6,357 shares during the last quarter. Sarasin & Partners LLP acquired a new stake in Airbnb in the 4th quarter valued at about $2,272,000. RFG Advisory LLC raised its holdings in Airbnb by 47.2% in the 4th quarter. RFG Advisory LLC now owns 6,617 shares of the company’s stock valued at $870,000 after acquiring an additional 2,123 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new stake in Airbnb in the 4th quarter valued at about $1,445,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on ABNB shares. Canaccord Genuity Group cut their price objective on shares of Airbnb from $190.00 to $180.00 and set a “buy” rating for the company in a report on Monday, April 28th. Baird R W upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Wells Fargo & Company increased their price objective on shares of Airbnb from $100.00 to $104.00 and gave the company an “underweight” rating in a report on Friday, May 2nd. UBS Group cut their price objective on shares of Airbnb from $160.00 to $138.00 and set a “neutral” rating for the company in a report on Monday, April 28th. Finally, The Goldman Sachs Group upgraded shares of Airbnb from a “sell” rating to a “neutral” rating and raised their price target for the stock from $110.00 to $153.00 in a report on Friday, February 14th. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $141.43.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 115,385 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $160.32, for a total value of $18,498,523.20. Following the completion of the transaction, the chief executive officer now owns 11,885,528 shares of the company’s stock, valued at $1,905,487,848.96. This trade represents a 0.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $108.76, for a total transaction of $23,305,636.60. Following the completion of the transaction, the director now directly owns 2,294,870 shares of the company’s stock, valued at $249,590,061.20. This represents a 8.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,533,331 shares of company stock valued at $195,015,055 in the last 90 days. Company insiders own 27.83% of the company’s stock.

Airbnb Stock Performance

NASDAQ:ABNB opened at $138.00 on Friday. 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 $87.01 billion, a P/E ratio of 33.41, a PEG ratio of 3.52 and a beta of 1.14. The company has a 50 day moving average price of $121.83 and a 200 day moving average price of $131.23. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The business had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.26 billion. During the same period in the prior year, the business earned $0.41 EPS. The business’s quarterly revenue was up 7.4% on a year-over-year basis. Equities research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current 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.