Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by DDD Partners LLC

DDD Partners LLC cut its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 34.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,114 shares of the company’s stock after selling 1,095 shares during the period. DDD Partners LLC’s holdings in Airbnb were worth $278,000 as of its most recent SEC filing.

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

Airbnb Stock Up 14.4 %

Shares of Airbnb stock opened at $161.42 on Monday. The company has a market cap of $102.34 billion, a P/E ratio of 56.64, a PEG ratio of 1.88 and a beta of 1.12. The firm has a fifty day moving average of $133.49 and a two-hundred day moving average of $130.04. 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, Inc. has a one year low of $110.38 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. On average, analysts forecast that Airbnb, Inc. will post 3.97 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on ABNB. Jefferies Financial Group lifted their target price on 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. TD Cowen raised their price target on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, November 8th. HSBC raised Airbnb from a “hold” rating to a “buy” rating in a research report on Friday. Finally, Morgan Stanley lifted their target price on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Five research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $145.79.

Insider Buying and Selling

In other Airbnb news, CAO David C. Bernstein sold 1,000 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $137.00, for a total transaction of $137,000.00. Following the transaction, the chief accounting officer now directly owns 40,581 shares in the company, valued at approximately $5,559,597. This represents a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nathan Blecharczyk sold 9,603 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the transaction, the insider now directly owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. This trade represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,608,005 shares of company stock valued at $214,394,023 over the last quarter. Company insiders own 27.83% of the company’s stock.

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.