Quent Capital LLC Sells 88 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Quent Capital LLC cut its position in Airbnb, Inc. (NASDAQ:ABNB) by 18.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 379 shares of the company’s stock after selling 88 shares during the quarter. Quent Capital LLC’s holdings in Airbnb were worth $50,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in ABNB. CAP Partners LLC lifted its position in shares of Airbnb by 3.6% during the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock worth $293,000 after buying an additional 77 shares during the last quarter. Salvus Wealth Management LLC lifted its holdings in shares of Airbnb by 2.5% in the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock worth $455,000 after acquiring an additional 84 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Airbnb by 19.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock valued at $74,000 after purchasing an additional 94 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings in shares of Airbnb by 2.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock valued at $468,000 after purchasing an additional 97 shares during the last quarter. Finally, Y.D. More Investments Ltd increased its position in Airbnb by 3.0% during the 4th quarter. Y.D. More Investments Ltd now owns 3,461 shares of the company’s stock worth $455,000 after purchasing an additional 100 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the completion of the transaction, the director now directly owns 10,321 shares in the company, valued at $1,352,876.68. This trade represents a 95.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nathan Blecharczyk sold 9,603 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the sale, the insider now owns 164,850 shares in the company, valued at $21,466,767. This represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,417,704 shares of company stock worth $187,654,829 over the last quarter. 27.83% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Barclays boosted their price objective on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Benchmark reaffirmed a “buy” rating and issued a $155.00 target price on shares of Airbnb in a report on Friday, November 8th. DA Davidson lifted their price target on Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Finally, Susquehanna raised their price objective on shares of Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a report on Monday, November 11th. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Airbnb currently has an average rating of “Hold” and an average price target of $139.38.

Airbnb Trading Up 0.4 %

ABNB opened at $141.04 on Friday. The company has a fifty day moving average price of $133.00 and a two-hundred day moving average price of $130.02. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The company has a market cap of $89.42 billion, a P/E ratio of 49.49, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12. 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 (NASDAQ:ABNB) last issued its earnings results 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%. Analysts predict that Airbnb, Inc. will post 3.97 EPS for the current fiscal year.

Airbnb Company 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.