Himension Capital Singapore PTE. LTD. Sells 584 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Himension Capital Singapore PTE. LTD. trimmed its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 9.0% in the 4th quarter, Holdings Channel reports. The fund owned 5,878 shares of the company’s stock after selling 584 shares during the quarter. Himension Capital Singapore PTE. LTD.’s holdings in Airbnb were worth $772,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Golden State Wealth Management LLC acquired a new stake in Airbnb in the 4th quarter valued at $25,000. Berbice Capital Management LLC bought a new position in shares of Airbnb in the 4th quarter worth $26,000. Graney & King LLC bought a new stake in Airbnb in the fourth quarter valued at approximately $32,000. Whipplewood Advisors LLC acquired a new stake in Airbnb during the 4th quarter worth approximately $44,000. Finally, Cromwell Holdings LLC grew its holdings in shares of Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock worth $49,000 after buying an additional 170 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on ABNB. Wells Fargo & Company cut their price objective on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. HSBC raised Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Truist Financial decreased their target price on shares of Airbnb from $123.00 to $112.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Wedbush reaffirmed an “outperform” rating and set a $155.00 target price on shares of Airbnb in a research note on Tuesday, February 4th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research note on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Airbnb has an average rating of “Hold” and an average target price of $147.28.

Airbnb Trading Down 6.4 %

NASDAQ ABNB opened at $106.66 on Friday. The firm has a 50 day simple moving average of $133.75 and a 200-day simple moving average of $133.66. The firm has a market cap of $67.25 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 3.52 and a beta of 1.15. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. Airbnb, Inc. has a one year low of $104.73 and a one year high of $166.74.

Airbnb (NASDAQ:ABNB) last announced its quarterly 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 anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Airbnb 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 sale, the chief technology officer now owns 180,514 shares in the company, valued at $29,071,779.70. The trade was a 0.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian Chesky sold 38,461 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $135.82, for a total transaction of $5,223,773.02. Following the sale, the chief executive officer now directly owns 12,498,908 shares of the company’s stock, valued at approximately $1,697,601,684.56. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,290,053 shares of company stock worth $319,656,539. 27.83% of the stock is owned by insiders.

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.