Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC decreased its stake in Airbnb, Inc. (NASDAQ:ABNB) by 31.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,251 shares of the company’s stock after selling 1,515 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Airbnb were worth $427,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in Airbnb during the third quarter worth about $25,000. Golden State Wealth Management LLC acquired a new position in Airbnb during the fourth quarter worth about $25,000. Hollencrest Capital Management raised its position in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the last quarter. Berbice Capital Management LLC acquired a new position in Airbnb during the fourth quarter worth about $26,000. Finally, Ashton Thomas Securities LLC acquired a new position in Airbnb during the third quarter worth about $30,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on ABNB shares. HSBC upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research report on Friday. Barclays lifted their price target on shares of Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a report on Friday. DA Davidson lifted their price target on shares of Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a report on Friday. Finally, Benchmark lifted their price target on shares of Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a report on Friday. Five analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $145.79.

Airbnb Stock Up 14.4 %

ABNB stock opened at $161.42 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The firm has a fifty day moving average price of $133.49 and a two-hundred day moving average price of $130.17. The firm has a market cap of $102.34 billion, a price-to-earnings ratio of 56.64, a PEG ratio of 1.88 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. Research analysts predict that Airbnb, Inc. will post 3.97 EPS for the current year.

Insider Buying and Selling at Airbnb

In other news, CEO Brian Chesky sold 190,301 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $140.51, for a total transaction of $26,739,193.51. Following the completion of the transaction, the chief executive officer now owns 12,231,685 shares in the company, valued at approximately $1,718,674,059.35. This represents a 1.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO David C. Bernstein sold 1,000 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the transaction, the chief accounting officer now owns 40,581 shares of the company’s stock, valued at $5,559,597. This represents a 2.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,608,005 shares of company stock worth $214,394,023 over the last 90 days. Insiders own 27.83% of the company’s stock.

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.