New England Research & Management Inc. Sells 450 Shares of Airbnb, Inc. (NASDAQ:ABNB)

New England Research & Management Inc. lessened its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 10.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,740 shares of the company’s stock after selling 450 shares during the quarter. New England Research & Management Inc.’s holdings in Airbnb were worth $491,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwest Investment Counselors LLC bought a new position in shares of Airbnb during the third quarter valued at approximately $25,000. Berbice Capital Management LLC bought a new position in Airbnb in the fourth quarter worth $26,000. Hollencrest Capital Management raised its holdings in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in Airbnb in the third quarter worth $30,000. Finally, Quarry LP bought a new position in Airbnb in the third quarter worth $55,000. Institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on ABNB. DA Davidson raised their price target on Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Benchmark restated a “buy” rating and set a $155.00 price target on shares of Airbnb in a report on Friday, November 8th. Bank of America raised their price target on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Susquehanna raised their price target on Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a report on Monday, November 11th. Finally, Robert W. Baird raised their price target on Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Six 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’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $139.63.

Insider Buying and Selling

In related news, CEO Brian Chesky sold 76,923 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 12,616,300 shares of the company’s stock, valued at approximately $1,765,525,022. The trade was a 0.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $135.47, for a total value of $94,829.00. Following the sale, the chief technology officer now directly owns 183,314 shares in the company, valued at $24,833,547.58. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,157,308 shares of company stock valued at $153,981,848. Corporate insiders own 27.83% of the company’s stock.

Airbnb Trading Up 1.2 %

Shares of NASDAQ:ABNB opened at $132.58 on Thursday. The stock has a 50 day moving average of $133.84 and a 200 day moving average of $130.88. The company has a market cap of $84.05 billion, a PE ratio of 46.52, a price-to-earnings-growth ratio of 1.80 and a beta of 1.13. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter last year, the firm posted $2.39 earnings per share. As a group, equities research analysts expect that Airbnb, Inc. will post 3.98 EPS for the current 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.