Quent Capital LLC Sells 88 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Quent Capital LLC trimmed its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 18.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 379 shares of the company’s stock after selling 88 shares during the period. Quent Capital LLC’s holdings in Airbnb were worth $50,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Verde Capital Management grew its position in shares of Airbnb by 25.3% in the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after purchasing an additional 4,269 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Airbnb in the third quarter valued at approximately $34,982,000. Tri Ri Asset Management Corp acquired a new position in shares of Airbnb in the third quarter valued at approximately $6,352,000. J.W. Cole Advisors Inc. raised its holdings in shares of Airbnb by 86.5% during the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after acquiring an additional 2,132 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in Airbnb by 40.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock valued at $90,123,000 after acquiring an additional 197,558 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Insider Transactions at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the transaction, the director now owns 10,321 shares in the company, valued at $1,352,876.68. This represents a 95.40 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $129.58, for a total transaction of $90,706.00. Following the transaction, the chief technology officer now directly owns 181,914 shares in the company, valued at $23,572,416.12. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,417,704 shares of company stock valued at $187,654,829. 27.83% of the stock is currently owned by corporate insiders.

Airbnb Stock Up 0.4 %

Airbnb stock opened at $141.04 on Friday. The company’s 50-day moving average price is $133.00 and its two-hundred day moving average price is $130.02. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The stock has a market cap of $89.42 billion, a P/E ratio of 49.49, a P/E/G ratio of 1.88 and a beta of 1.12. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ABNB shares. Truist Financial lowered their target price on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a report on Wednesday, December 4th. Wedbush reissued an “outperform” rating and issued a $155.00 target price on shares of Airbnb in a research report on Tuesday, February 4th. Bank of America upped their price target on Airbnb to $151.00 and gave the stock a “hold” rating in a research report on Thursday. Jefferies Financial Group raised their price target on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Finally, UBS Group boosted their price objective on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Six research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and a consensus target price of $139.38.

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.