Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Objectivity Squared LLC

Objectivity Squared LLC lessened its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 60.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,785 shares of the company’s stock after selling 7,310 shares during the quarter. Airbnb makes up about 0.4% of Objectivity Squared LLC’s investment portfolio, making the stock its 26th largest holding. Objectivity Squared LLC’s holdings in Airbnb were worth $620,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC bought a new stake in shares of Airbnb in the 4th quarter worth approximately $25,000. Berbice Capital Management LLC acquired a new stake in Airbnb in the fourth quarter worth $26,000. Hollencrest Capital Management increased its position in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after buying an additional 200 shares during the period. Ashton Thomas Securities LLC bought a new stake in Airbnb in the third quarter valued at $30,000. Finally, Whipplewood Advisors LLC bought a new position in shares of Airbnb during the fourth quarter worth about $44,000. Institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In other news, insider Nathan Blecharczyk sold 183,078 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $158.00, for a total value of $28,926,324.00. Following the transaction, the insider now directly owns 164,850 shares of the company’s stock, valued at approximately $26,046,300. This represents a 52.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian Chesky sold 38,461 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $133.58, for a total value of $5,137,620.38. Following the sale, the chief executive officer now owns 12,537,369 shares of the company’s stock, valued at approximately $1,674,741,751.02. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,054,509 shares of company stock worth $290,940,989. 27.83% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on ABNB. Gordon Haskett upgraded shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective on the stock in a research report on Friday, February 14th. Phillip Securities reissued a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a research note on Tuesday, November 12th. Robert W. Baird raised Airbnb from a “neutral” rating to an “outperform” rating and raised their price target for the company from $140.00 to $175.00 in a report on Friday, February 14th. Baird R W raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Finally, Truist Financial lowered their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research note on Wednesday, December 4th. Five analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $146.48.

Airbnb Stock Down 0.3 %

NASDAQ:ABNB opened at $134.39 on Monday. The business’s fifty day moving average price is $136.94 and its 200 day moving average price is $132.76. The firm has a market capitalization of $84.74 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 3.52 and a beta of 1.10. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNB) last issued 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 return on equity of 32.29% and a net margin of 23.85%. On average, sell-side analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal 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.