Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by DDD Partners LLC

DDD Partners LLC cut its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 27.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,919 shares of the company’s stock after selling 1,101 shares during the period. DDD Partners LLC’s holdings in Airbnb were worth $397,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of ABNB. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Airbnb by 9.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 772,642 shares of the company’s stock worth $132,709,000 after acquiring an additional 63,601 shares during the last quarter. TradeLink Capital LLC purchased a new position in Airbnb in the 1st quarter valued at $945,000. Synovus Financial Corp grew its position in Airbnb by 22.5% in the 1st quarter. Synovus Financial Corp now owns 1,490 shares of the company’s stock valued at $256,000 after buying an additional 274 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Airbnb by 27.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,519 shares of the company’s stock valued at $433,000 after buying an additional 549 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in Airbnb in the 1st quarter valued at $2,125,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Brian Chesky sold 82,636 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $134.32, for a total transaction of $11,099,667.52. Following the transaction, the chief executive officer now owns 15,282,997 shares of the company’s stock, valued at approximately $2,052,812,157.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Airbnb news, CEO Brian Chesky sold 82,636 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $134.32, for a total value of $11,099,667.52. Following the sale, the chief executive officer now owns 15,282,997 shares of the company’s stock, valued at approximately $2,052,812,157.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 22,170 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $169.18, for a total value of $3,750,720.60. Following the completion of the sale, the chief technology officer now directly owns 143,731 shares in the company, valued at approximately $24,316,410.58. The disclosure for this sale can be found here. In the last quarter, insiders have sold 856,222 shares of company stock valued at $126,839,880. Insiders own 30.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. TheStreet raised Airbnb from a “c-” rating to a “b-” rating in a research note on Tuesday, December 12th. Needham & Company LLC upped their price objective on shares of Airbnb from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, February 14th. JPMorgan Chase & Co. upped their price objective on shares of Airbnb from $118.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Piper Sandler boosted their target price on Airbnb from $136.00 to $145.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Finally, Royal Bank of Canada boosted their target price on Airbnb from $140.00 to $150.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 14th. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Airbnb has a consensus rating of “Hold” and a consensus price target of $144.96.

Airbnb Stock Down 0.6 %

ABNB opened at $166.41 on Thursday. Airbnb, Inc. has a fifty-two week low of $103.55 and a fifty-two week high of $170.10. The business has a 50-day moving average of $154.37 and a 200-day moving average of $139.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66. The company has a market capitalization of $107.68 billion, a PE ratio of 22.98, a price-to-earnings-growth ratio of 2.13 and a beta of 1.25.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The company had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. Equities research analysts forecast that Airbnb, Inc. will post 4.68 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.