Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Lazari Capital Management Inc.

Lazari Capital Management Inc. lessened its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 9.2% in the fourth quarter, Holdings Channel reports. The firm owned 2,150 shares of the company’s stock after selling 217 shares during the period. Lazari Capital Management Inc.’s holdings in Airbnb were worth $283,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Verde Capital Management grew its holdings in Airbnb by 25.3% during 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Airbnb during the third quarter valued at about $34,982,000. Tri Ri Asset Management Corp purchased a new stake in shares of Airbnb during the third quarter worth about $6,352,000. J.W. Cole Advisors Inc. lifted its stake in shares of Airbnb by 86.5% in 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 in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Airbnb by 40.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock valued at $90,123,000 after purchasing an additional 197,558 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Trading Down 0.5 %

Airbnb stock opened at $131.17 on Monday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The firm’s 50 day moving average price is $133.69 and its two-hundred day moving average price is $130.51. The firm has a market cap of $83.16 billion, a price-to-earnings ratio of 46.02, a price-to-earnings-growth ratio of 1.72 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

Airbnb (NASDAQ:ABNB) last announced its earnings results 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). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the firm earned $2.39 earnings per share. On average, research analysts predict that Airbnb, Inc. will post 3.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Benchmark restated a “buy” rating and set a $155.00 price objective on shares of Airbnb in a report on Friday, November 8th. Wedbush lifted their price target on shares of Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. TD Cowen increased their price objective on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Barclays boosted their target price on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. 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 company currently has an average rating of “Hold” and an average price target of $139.63.

Insider Transactions at Airbnb

In related news, CEO Brian Chesky sold 76,923 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the completion of the sale, the chief executive officer now directly owns 12,616,300 shares in the company, valued at approximately $1,765,525,022. This trade represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 500 shares of Airbnb stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total value of $68,005.00. Following the sale, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at approximately $25,218,158.14. The trade was a 0.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,372,293 shares of company stock valued at $181,759,318 over the last ninety days. Corporate 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.