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

Highland Capital Management LLC decreased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 6.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 26,559 shares of the company’s stock after selling 1,789 shares during the quarter. Highland Capital Management LLC’s holdings in Airbnb were worth $3,490,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ABNB. Salvus Wealth Management LLC boosted its stake in Airbnb by 2.5% during the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after purchasing an additional 84 shares during the period. Koshinski Asset Management Inc. raised its holdings in shares of Airbnb by 3.8% during the third quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $292,000 after buying an additional 85 shares during the last quarter. First Horizon Advisors Inc. boosted its position in shares of Airbnb by 19.3% during the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock worth $74,000 after buying an additional 94 shares during the period. Kingsview Wealth Management LLC grew its holdings in Airbnb by 2.7% in the 3rd quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock worth $468,000 after buying an additional 97 shares in the last quarter. Finally, Private Trust Co. NA increased its position in Airbnb by 9.9% in the 3rd quarter. Private Trust Co. NA now owns 1,121 shares of the company’s stock valued at $142,000 after acquiring an additional 101 shares during the period. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

ABNB stock opened at $131.79 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market cap of $83.55 billion, a P/E ratio of 46.24, a P/E/G ratio of 1.80 and a beta of 1.13. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The firm has a 50 day simple moving average of $133.81 and a 200 day simple moving average of $130.89.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter last year, the firm posted $2.39 earnings per share. Research analysts anticipate that Airbnb, Inc. will post 3.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total transaction of $89,705.00. Following the completion of the transaction, the chief technology officer now directly owns 182,614 shares in the company, valued at $23,401,984.10. The trade was a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $128.95, for a total transaction of $27,632,050.75. Following the transaction, the director now directly owns 1,071,430 shares in the company, valued at $138,160,898.50. This trade represents a 16.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,372,293 shares of company stock worth $181,759,318 in the last quarter. 27.83% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Susquehanna increased their price target on Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research note on Monday, November 11th. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. Wells Fargo & Company dropped their price target on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Bank of America increased their price objective on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Finally, UBS Group boosted their target price on Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Six analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Airbnb currently has an average rating of “Hold” and an average price target of $139.63.

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.