TB Alternative Assets Ltd. Trims Position in Airbnb, Inc. (NASDAQ:ABNB)

TB Alternative Assets Ltd. trimmed its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 71.7% during the 4th quarter, Holdings Channel reports. The firm owned 52,945 shares of the company’s stock after selling 134,008 shares during the period. Airbnb comprises 1.8% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 17th biggest position. TB Alternative Assets Ltd.’s holdings in Airbnb were worth $6,958,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new stake in shares of Airbnb during the third quarter valued at approximately $25,000. Hollencrest Capital Management grew its stake in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in Airbnb in the 3rd quarter valued at $30,000. Quarry LP purchased a new stake in Airbnb in the 3rd quarter worth $55,000. Finally, CVA Family Office LLC boosted its holdings in shares of Airbnb by 131.2% during the 3rd quarter. CVA Family Office LLC now owns 474 shares of the company’s stock valued at $60,000 after purchasing an additional 269 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Up 2.2 %

Shares of Airbnb stock opened at $135.12 on Tuesday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market cap of $85.66 billion, a price-to-earnings ratio of 47.41, a PEG ratio of 1.63 and a beta of 1.13. The firm’s 50-day moving average is $134.11 and its two-hundred day moving average is $131.68.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter in the prior year, the business posted $2.39 earnings per share. As a group, research analysts expect that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Raymond James assumed coverage on Airbnb in a research report on Friday, September 27th. They issued a “market perform” rating and a $134.00 target price on the stock. Cantor Fitzgerald reaffirmed an “underweight” rating and set a $94.00 price objective on shares of Airbnb in a report on Monday, October 7th. JPMorgan Chase & Co. raised their target price on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 8th. JMP Securities restated a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. Finally, DA Davidson increased their price objective on shares of Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $139.63.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 11,635 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total value of $1,596,322.00. Following the completion of the sale, the director now directly owns 16,472 shares in the company, valued at $2,259,958.40. This trade represents a 41.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $135.33, for a total value of $81,198.00. Following the transaction, the chief technology officer now directly owns 192,244 shares in the company, valued at approximately $26,016,380.52. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,130,382 shares of company stock valued at $150,441,919. 27.83% of the stock is currently owned by corporate insiders.

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.