Jacobs & Co. CA Has $1.60 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Jacobs & Co. CA reduced its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 13.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,786 shares of the company’s stock after selling 1,838 shares during the period. Jacobs & Co. CA’s holdings in Airbnb were worth $1,604,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ABNB. Resurgent Financial Advisors LLC acquired a new position in Airbnb during the second quarter valued at approximately $25,000. CVA Family Office LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at approximately $26,000. Orion Capital Management LLC acquired a new stake in shares of Airbnb in the third quarter valued at approximately $27,000. Quadrant Capital Group LLC lifted its position in shares of Airbnb by 58.4% in the second quarter. Quadrant Capital Group LLC now owns 282 shares of the company’s stock valued at $36,000 after buying an additional 104 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. acquired a new stake in shares of Airbnb in the third quarter valued at approximately $39,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 78,682 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total value of $13,320,862.60. Following the completion of the transaction, the chief technology officer now directly owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CTO Aristotle N. Balogh sold 2,750 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $134.43, for a total value of $369,682.50. Following the sale, the chief technology officer now owns 156,646 shares in the company, valued at $21,057,921.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CTO Aristotle N. Balogh sold 78,682 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total value of $13,320,862.60. Following the completion of the sale, the chief technology officer now owns 144,331 shares in the company, valued at approximately $24,435,238.30. The disclosure for this sale can be found here. Insiders sold a total of 856,222 shares of company stock valued at $126,839,880 over the last three months. Corporate insiders own 30.84% of the company’s stock.

Airbnb Stock Performance

Shares of Airbnb stock opened at $166.41 on Thursday. The company has a market cap 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, Inc. has a 52 week low of $103.55 and a 52 week high of $170.10. The business has a 50 day moving average price of $154.37 and a 200-day moving average price of $139.70. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ABNB shares. Wedbush reaffirmed a “neutral” rating and issued a $160.00 price objective (up from $150.00) on shares of Airbnb in a research report on Wednesday, February 14th. Piper Sandler lifted their price target on Airbnb from $136.00 to $145.00 and gave the stock a “neutral” rating in a report on Wednesday, February 14th. Mizuho lifted their price target on Airbnb from $130.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, January 17th. Bank of America lifted their price target on Airbnb from $155.00 to $168.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. Finally, Susquehanna lifted their price target on Airbnb from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $144.96.

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.