Forte Capital LLC ADV Sells 638 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Forte Capital LLC ADV lessened its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 17.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,106 shares of the company’s stock after selling 638 shares during the quarter. Forte Capital LLC ADV’s holdings in Airbnb were worth $408,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. ING Groep NV raised its position in Airbnb by 56.2% during the fourth quarter. ING Groep NV now owns 139,863 shares of the company’s stock valued at $18,379,000 after acquiring an additional 50,299 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in Airbnb by 4.6% during the fourth quarter. Concurrent Investment Advisors LLC now owns 5,585 shares of the company’s stock valued at $734,000 after acquiring an additional 247 shares in the last quarter. Handelsbanken Fonder AB raised its position in Airbnb by 3.0% during the fourth quarter. Handelsbanken Fonder AB now owns 145,321 shares of the company’s stock valued at $19,097,000 after acquiring an additional 4,192 shares in the last quarter. Wealth Alliance raised its position in shares of Airbnb by 17.4% in the fourth quarter. Wealth Alliance now owns 2,496 shares of the company’s stock valued at $328,000 after purchasing an additional 370 shares during the period. Finally, LMG Wealth Partners LLC raised its position in shares of Airbnb by 1.9% in the fourth quarter. LMG Wealth Partners LLC now owns 20,058 shares of the company’s stock valued at $2,636,000 after purchasing an additional 380 shares during the period. Institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ABNB shares. UBS Group lifted their price target on shares of Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. B. Riley lifted their price target on shares of Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Canaccord Genuity Group lifted their price target on shares of Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Citigroup lifted their price target on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $147.00.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $161.05, for a total value of $112,735.00. Following the completion of the transaction, the chief technology officer now directly owns 180,514 shares of the company’s stock, valued at $29,071,779.70. The trade was a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 183,078 shares of Airbnb stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $158.00, for a total value of $28,926,324.00. Following the completion of the transaction, the insider now directly owns 164,850 shares of the company’s stock, valued at $26,046,300. This represents a 52.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,950,540 shares of company stock valued at $275,598,944 over the last ninety days. 27.83% of the stock is owned by insiders.

Airbnb Stock Down 5.9 %

Shares of NASDAQ:ABNB opened at $146.07 on Friday. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The company’s fifty day moving average is $135.45 and its 200-day moving average is $130.96. The company has a market capitalization of $92.60 billion, a PE ratio of 35.37, a P/E/G ratio of 3.81 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Equities research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

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.