Hartford Investment Management Co. Sells 901 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Hartford Investment Management Co. reduced its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 26,752 shares of the company’s stock after selling 901 shares during the quarter. Hartford Investment Management Co.’s holdings in Airbnb were worth $3,515,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in Airbnb in the fourth quarter valued at $25,000. Northwest Investment Counselors LLC bought a new stake in Airbnb in the third quarter valued at approximately $25,000. Berbice Capital Management LLC acquired a new stake in Airbnb during the 4th quarter valued at approximately $26,000. Hollencrest Capital Management raised its holdings in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Airbnb in the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Jefferies Financial Group upped their price target on shares of Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Phillip Securities reaffirmed a “reduce” rating and set a $120.00 target price on shares of Airbnb in a research note on Tuesday, November 12th. UBS Group increased their target price on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Barclays lifted their price target on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Finally, Susquehanna increased their price objective on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research report on Monday, November 11th. Six equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $139.63.

Airbnb Trading Up 4.5 %

Shares of Airbnb stock opened at $140.52 on Thursday. The firm has a market cap of $89.09 billion, a PE ratio of 49.31, a P/E/G ratio of 1.88 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The stock has a fifty day moving average price of $132.90 and a 200-day moving average price of $129.95.

Insider Activity

In related news, CEO Brian Chesky sold 76,923 shares of Airbnb stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $139.94, for a total value of $10,764,604.62. Following the completion of the sale, the chief executive officer now owns 12,616,300 shares of the company’s stock, valued at approximately $1,765,525,022. This trade represents a 0.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 10,321 shares in the company, valued at approximately $1,352,876.68. This trade represents a 95.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,417,704 shares of company stock valued at $187,654,829 in the last three months. Company insiders own 27.83% of the company’s stock.

Airbnb Company 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.