Americana Partners LLC Cuts Stake in Airbnb, Inc. (NASDAQ:ABNB)

Americana Partners LLC reduced its stake in Airbnb, Inc. (NASDAQ:ABNB) by 13.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,686 shares of the company’s stock after selling 1,371 shares during the period. Americana Partners LLC’s holdings in Airbnb were worth $1,141,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Verde Capital Management boosted its position in shares of Airbnb by 25.3% during the fourth quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after buying an additional 4,269 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Airbnb during the third quarter valued at $34,982,000. Tri Ri Asset Management Corp purchased a new stake in shares of Airbnb during the third quarter valued at $6,352,000. J.W. Cole Advisors Inc. boosted its position 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 valued at $583,000 after buying an additional 2,132 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of Airbnb by 40.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock valued at $90,123,000 after buying an additional 197,558 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on ABNB. The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating and increased their price objective for the company from $110.00 to $153.00 in a research report on Friday. Benchmark increased their price objective on Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a research report on Friday. HSBC raised Airbnb from a “hold” rating to a “buy” rating in a research report on Friday. Susquehanna increased their target price on Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a report on Monday, November 11th. Finally, JMP Securities reissued a “market perform” rating on shares of Airbnb in a report on Friday. Five analysts have rated the stock with a sell rating, twenty have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Airbnb has a consensus rating of “Hold” and a consensus price target of $145.79.

Airbnb Stock Up 14.4 %

Shares of ABNB opened at $161.42 on Tuesday. The business’s 50 day moving average is $133.97 and its 200 day moving average is $130.23. The company has a market capitalization of $102.34 billion, a PE ratio of 56.64, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

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

Insider Buying and Selling at Airbnb

In other Airbnb news, CAO David C. Bernstein sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the completion of the transaction, the chief accounting officer now owns 40,581 shares in the company, valued at $5,559,597. This trade represents a 2.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Brian Chesky sold 190,301 shares of Airbnb stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $140.51, for a total value of $26,739,193.51. Following the completion of the transaction, the chief executive officer now owns 12,231,685 shares of the company’s stock, valued at approximately $1,718,674,059.35. This trade represents a 1.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,393,720 shares of company stock worth $186,305,545 in the last quarter. 27.83% of the stock is owned by corporate 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.