Airbnb, Inc. (NASDAQ:ABNB) Stock Position Cut by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC lessened its stake in Airbnb, Inc. (NASDAQ:ABNB) by 31.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,251 shares of the company’s stock after selling 1,515 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Airbnb were worth $427,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Verde Capital Management grew its position in Airbnb by 25.3% in the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after buying an additional 4,269 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Airbnb in the 3rd quarter worth approximately $34,982,000. Tri Ri Asset Management Corp bought a new stake in shares of Airbnb in the 3rd quarter worth approximately $6,352,000. J.W. Cole Advisors Inc. lifted its stake in Airbnb by 86.5% during the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock valued at $583,000 after purchasing an additional 2,132 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in Airbnb by 40.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock worth $90,123,000 after buying an additional 197,558 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 190,301 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $140.51, for a total value of $26,739,193.51. Following the sale, the chief executive officer now owns 12,231,685 shares of the company’s stock, valued at $1,718,674,059.35. This trade represents a 1.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Elinor Mertz sold 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $129.58, for a total value of $809,875.00. Following the completion of the sale, the chief financial officer now directly owns 484,988 shares in the company, valued at $62,844,745.04. This trade represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,608,005 shares of company stock valued at $214,394,023 in the last 90 days. 27.83% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ABNB shares. Phillip Securities reiterated a “reduce” rating and set a $120.00 price objective on shares of Airbnb in a research report on Tuesday, November 12th. DA Davidson upped their target price on Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a report on Friday. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a report on Friday. B. Riley upped their target price on Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a report on Friday. Finally, HSBC raised Airbnb from a “hold” rating to a “buy” rating in a report on Friday. Five investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $145.79.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $161.42 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market cap of $102.34 billion, a price-to-earnings ratio of 56.64, a P/E/G ratio of 1.88 and a beta of 1.12. The business’s 50-day simple moving average is $133.49 and its 200-day simple moving average is $130.17. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10.

Airbnb (NASDAQ:ABNB) last issued 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 return on equity of 32.88% and a net margin of 16.96%. As a group, equities research analysts expect that Airbnb, Inc. will post 3.97 earnings per share for the current fiscal year.

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.