Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by First Horizon Advisors Inc.

First Horizon Advisors Inc. lessened its position in Airbnb, Inc. (NASDAQ:ABNB) by 24.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 438 shares of the company’s stock after selling 142 shares during the period. First Horizon Advisors Inc.’s holdings in Airbnb were worth $58,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ABNB. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb in the 4th quarter worth $25,000. Hollencrest Capital Management lifted its stake in shares of Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares during the period. Berbice Capital Management LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at about $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of Airbnb in the third quarter valued at about $30,000. Finally, Cromwell Holdings LLC lifted its stake in shares of Airbnb by 82.5% in the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after purchasing an additional 170 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ABNB. Gordon Haskett upgraded shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective for the company in a research note on Friday, February 14th. Argus upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Morgan Stanley raised their price objective on shares of Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research note on Friday, February 14th. Finally, Wedbush restated an “outperform” rating and set a $155.00 target price on shares of Airbnb in a report on Tuesday, February 4th. Five analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $146.48.

Airbnb Price Performance

Airbnb stock opened at $139.45 on Friday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The firm has a 50 day moving average price of $136.43 and a 200 day moving average price of $131.63. The company has a market cap of $87.93 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 3.52 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

Airbnb (NASDAQ:ABNB) last announced its quarterly 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%. Sell-side analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 500 shares of Airbnb stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total transaction of $68,005.00. Following the transaction, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at $25,218,158.14. The trade was a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 183,078 shares of Airbnb stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the transaction, the insider now directly owns 164,850 shares in the company, valued at approximately $26,046,300. This trade represents a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,091,314 shares of company stock valued at $295,773,256 over the last ninety days. Corporate 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.