Objectivity Squared LLC Sells 7,310 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Objectivity Squared LLC lessened its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 60.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 4,785 shares of the company’s stock after selling 7,310 shares during the period. Airbnb makes up about 0.4% of Objectivity Squared LLC’s holdings, making the stock its 26th largest holding. Objectivity Squared LLC’s holdings in Airbnb were worth $620,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. CAP Partners LLC lifted its position in 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 acquiring an additional 77 shares during the last quarter. Lindbrook Capital LLC lifted its position in shares of Airbnb by 1.4% during the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock worth $728,000 after purchasing an additional 78 shares during the last quarter. Manchester Capital Management LLC boosted its stake in Airbnb by 18.2% during the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock valued at $69,000 after purchasing an additional 81 shares during the period. Salvus Wealth Management LLC grew its holdings in Airbnb by 2.5% in the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after buying an additional 84 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its position in shares of Airbnb by 19.3% in the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock valued at $74,000 after acquiring an additional 94 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Down 0.3 %

Shares of NASDAQ:ABNB opened at $134.39 on Monday. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The firm has a market cap of $84.74 billion, a P/E ratio of 32.54, a P/E/G ratio of 3.52 and a beta of 1.10. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The company’s 50-day moving average price is $136.94 and its two-hundred day moving average price is $132.76.

Airbnb (NASDAQ:ABNB) last released 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%. As a group, research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Insider Activity

In related news, CFO Elinor Mertz sold 6,250 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $140.10, for a total value of $875,625.00. Following the transaction, the chief financial officer now owns 449,463 shares in the company, valued at $62,969,766.30. This trade represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $131.88, for a total value of $28,259,905.80. Following the sale, the director now directly owns 1,285,715 shares of the company’s stock, valued at $169,560,094.20. This represents a 14.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,054,509 shares of company stock valued at $290,940,989. Company insiders own 27.83% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ABNB. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a research report on Friday, February 14th. DA Davidson boosted their price objective on shares of Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Wedbush reiterated an “outperform” rating and issued a $155.00 target price on shares of Airbnb in a research note on Tuesday, February 4th. Benchmark lifted their target price on Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and a consensus price target of $146.48.

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.