Blume Capital Management Inc. Has $589,000 Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Blume Capital Management Inc. lessened its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 12.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,482 shares of the company’s stock after selling 630 shares during the quarter. Blume Capital Management Inc.’s holdings in Airbnb were worth $589,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sigma Planning Corp lifted its stake in shares of Airbnb by 3.2% during the 3rd quarter. Sigma Planning Corp now owns 7,194 shares of the company’s stock worth $912,000 after buying an additional 221 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in Airbnb during the third quarter worth approximately $30,000. Apollon Wealth Management LLC grew its position in shares of Airbnb by 3.9% in the third quarter. Apollon Wealth Management LLC now owns 8,705 shares of the company’s stock valued at $1,104,000 after purchasing an additional 328 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Airbnb by 40.7% during the 3rd quarter. Victory Capital Management Inc. now owns 716,230 shares of the company’s stock worth $90,825,000 after purchasing an additional 207,062 shares during the last quarter. Finally, MQS Management LLC lifted its holdings in shares of Airbnb by 26.3% during the third quarter. MQS Management LLC now owns 3,002 shares of the company’s stock worth $381,000 after buying an additional 626 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ABNB. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research note on Friday, February 14th. UBS Group lifted their price target on shares of Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Argus raised Airbnb from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Barclays raised their price objective on Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a research note on Friday, February 14th. Finally, Morgan Stanley increased their target price on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $148.00.

Airbnb Trading Down 5.7 %

Shares of ABNB stock opened at $119.38 on Friday. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market cap of $75.27 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 3.52 and a beta of 1.10. The stock has a 50-day moving average of $136.49 and a 200-day moving average of $132.80.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. On average, equities research analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Nathan Blecharczyk sold 183,078 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the completion of the sale, the insider now owns 164,850 shares of the company’s stock, valued at $26,046,300. This trade represents a 52.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.80, for a total value of $27,171,338.00. Following the completion of the transaction, the director now directly owns 214,290 shares in the company, valued at approximately $27,171,972. This trade represents a 50.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,269,494 shares of company stock valued at $318,203,453 over the last quarter. Insiders own 27.83% of the company’s stock.

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.