Airbnb, Inc. (NASDAQ:ABNB) Stake Reduced by Freestone Capital Holdings LLC

Freestone Capital Holdings LLC lowered its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 8,367 shares of the company’s stock after selling 248 shares during the quarter. Freestone Capital Holdings LLC’s holdings in Airbnb were worth $1,100,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ABNB. Golden State Wealth Management LLC acquired a new position in Airbnb in the fourth quarter worth approximately $25,000. Hollencrest Capital Management boosted its stake in shares of Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Berbice Capital Management LLC bought a new stake in shares of Airbnb during the 4th quarter worth $26,000. Ashton Thomas Securities LLC bought a new stake in shares of Airbnb during the 3rd quarter worth $30,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Airbnb during the 4th quarter worth $44,000. 80.76% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $140.10, for a total transaction of $98,070.00. Following the completion of the sale, the chief technology officer now owns 172,819 shares of the company’s stock, valued at $24,211,941.90. This represents a 0.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Chesky sold 38,461 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $137.49, for a total value of $5,288,002.89. Following the completion of the sale, the chief executive officer now directly owns 12,577,839 shares of the company’s stock, valued at $1,729,327,084.11. This represents a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,093,970 shares of company stock valued at $296,365,992 over the last 90 days. 27.83% of the stock is currently owned by company insiders.

Airbnb Trading Down 5.5 %

NASDAQ:ABNB opened at $134.77 on Friday. The stock’s 50 day moving average price is $136.92 and its 200 day moving average price is $132.44. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a market capitalization of $84.98 billion, a P/E ratio of 32.63, a P/E/G ratio of 3.52 and a beta of 1.10. 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 (NASDAQ:ABNB) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Robert W. Baird raised Airbnb from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $140.00 to $175.00 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. Susquehanna boosted their price objective on Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a report on Tuesday, February 18th. TD Cowen boosted their price objective on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Baird R W upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $146.48.

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.