Transcend Capital Advisors LLC Reduces Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Transcend Capital Advisors LLC reduced its stake in Airbnb, Inc. (NASDAQ:ABNB) by 26.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,377 shares of the company’s stock after selling 2,681 shares during the period. Transcend Capital Advisors LLC’s holdings in Airbnb were worth $969,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. CAP Partners LLC grew its stake in shares of Airbnb by 3.6% in the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock worth $293,000 after buying an additional 77 shares during the last quarter. Manchester Capital Management LLC boosted its holdings in Airbnb by 18.2% in the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock worth $69,000 after acquiring an additional 81 shares in the last quarter. Salvus Wealth Management LLC grew its stake in shares of Airbnb by 2.5% in the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock worth $455,000 after acquiring an additional 84 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of Airbnb by 19.3% in the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock worth $74,000 after acquiring an additional 94 shares during the last quarter. Finally, Kingsview Wealth Management LLC increased its holdings in shares of Airbnb by 2.7% during the third quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock valued at $468,000 after acquiring an additional 97 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Argus upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Wednesday. UBS Group upped their target price on shares of Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Susquehanna raised their price target on shares of Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Canaccord Genuity Group increased their target price on Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve 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 $147.00.

Airbnb Stock Performance

Shares of ABNB opened at $146.07 on Friday. The business has a 50-day simple moving average of $135.45 and a two-hundred day simple moving average of $130.96. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The stock has a market cap of $92.60 billion, a price-to-earnings ratio of 35.37, a PEG ratio of 3.81 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data 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 return on equity of 32.29% and a net margin of 23.85%. On average, analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction that occurred on Friday, February 14th. The stock was 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 owns 12,000,913 shares of the company’s stock, valued at approximately $1,934,067,139.08. This trade represents a 1.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $161.05, for a total value of $112,735.00. Following the completion of the transaction, the chief technology officer now owns 180,514 shares of the company’s stock, valued at $29,071,779.70. The trade was a 0.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,950,540 shares of company stock worth $275,598,944 over the last three months. 27.83% of the stock is currently owned by company insiders.

About Airbnb

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.