Himension Capital Singapore PTE. LTD. Reduces Position in Airbnb, Inc. (NASDAQ:ABNB)

Himension Capital Singapore PTE. LTD. lowered its position in Airbnb, Inc. (NASDAQ:ABNB) by 9.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,878 shares of the company’s stock after selling 584 shares during the quarter. Himension Capital Singapore PTE. LTD.’s holdings in Airbnb were worth $772,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ABNB. Benjamin Edwards Inc. purchased a new stake in shares of Airbnb during the 3rd quarter worth $711,000. Hilltop Holdings Inc. acquired a new stake in Airbnb in the third quarter valued at $344,000. Janus Henderson Group PLC boosted its position in Airbnb by 4.0% during the third quarter. Janus Henderson Group PLC now owns 54,131 shares of the company’s stock worth $6,866,000 after purchasing an additional 2,100 shares in the last quarter. Quarry LP purchased a new position in shares of Airbnb during the 3rd quarter worth approximately $55,000. Finally, Stifel Financial Corp boosted its stake in shares of Airbnb by 367.1% during the 3rd quarter. Stifel Financial Corp now owns 504,099 shares of the company’s stock worth $63,925,000 after purchasing an additional 396,185 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Down 6.4 %

Airbnb stock opened at $106.66 on Friday. 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 50 day moving average of $133.75 and a two-hundred day moving average of $133.66. Airbnb, Inc. has a twelve month low of $104.73 and a twelve month high of $166.74. The stock has a market capitalization of $67.25 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 3.52 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analysts Set New Price Targets

ABNB has been the topic of a number of recent research reports. HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Truist Financial lowered their price objective on Airbnb from $123.00 to $112.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Hsbc Global Res raised Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Wedbush reaffirmed an “outperform” rating and issued a $155.00 price target on shares of Airbnb in a research note on Tuesday, February 4th. Finally, B. Riley increased their target price on shares of Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $147.28.

Insider Activity at Airbnb

In other news, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $119.67, for a total transaction of $83,769.00. Following the completion of the sale, the chief technology officer now owns 170,019 shares of the company’s stock, valued at approximately $20,346,173.73. This trade represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nathan Blecharczyk sold 183,078 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the transaction, the insider now owns 164,850 shares in the company, valued at $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. Over the last 90 days, insiders have sold 2,290,053 shares of company stock worth $319,656,539. 27.83% of the stock is owned by 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.