Cohen Capital Management Inc. Has $562,000 Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Cohen Capital Management Inc. decreased its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 16.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,280 shares of the company’s stock after selling 832 shares during the period. Cohen Capital Management Inc.’s holdings in Airbnb were worth $562,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb during the 4th quarter valued at about $25,000. Hollencrest Capital Management raised its position in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Berbice Capital Management LLC bought a new position in Airbnb during the fourth quarter valued at approximately $26,000. Ashton Thomas Securities LLC bought a new position in Airbnb during the third quarter valued at approximately $30,000. Finally, Cromwell Holdings LLC grew its position in Airbnb by 82.5% in the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after acquiring an additional 170 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on ABNB. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research note on Friday, February 14th. JMP Securities restated a “market perform” rating on shares of Airbnb in a report on Friday, February 14th. Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Phillip Securities reissued a “reduce” rating and set a $120.00 price objective on shares of Airbnb in a report on Tuesday, November 12th. Finally, UBS Group boosted their target price on Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Five analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Airbnb presently has an average rating of “Hold” and a consensus price target of $146.48.

Airbnb Stock Down 5.9 %

ABNB opened at $146.07 on Friday. The company has a market capitalization of $92.10 billion, a P/E ratio of 35.37, a P/E/G ratio of 3.74 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The firm’s fifty day moving average price is $135.45 and its two-hundred day moving average price is $130.97. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share 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%. On average, analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 230,772 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the completion of the transaction, the chief executive officer now directly owns 12,000,913 shares in the company, valued at $1,934,067,139.08. This represents a 1.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nathan Blecharczyk sold 183,078 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the completion of the sale, the insider now owns 164,850 shares in the company, valued at $26,046,300. This represents a 52.62 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,950,540 shares of company stock valued at $275,598,944. 27.83% of the stock is currently 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.