Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Bryn Mawr Capital Management LLC

Bryn Mawr Capital Management LLC lowered its position in Airbnb, Inc. (NASDAQ:ABNB) by 4.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,776 shares of the company’s stock after selling 425 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Airbnb were worth $1,195,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ABNB. 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. Bfsg LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at approximately $27,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Airbnb in the fourth quarter valued at approximately $30,000. Finally, Farmers & Merchants Investments Inc. acquired a new stake in shares of Airbnb in the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 78,682 shares of Airbnb stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the sale, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CTO Aristotle N. Balogh sold 78,682 shares of Airbnb stock in a transaction that occurred on Thursday, March 21st. The shares were 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 owns 144,331 shares in the company, valued at $24,435,238.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 60,000 shares of Airbnb stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $146.58, for a total transaction of $8,794,800.00. Following the completion of the transaction, the insider now owns 473,762 shares of the company’s stock, valued at approximately $69,444,033.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 456,274 shares of company stock valued at $72,410,859. 30.84% of the stock is currently owned by corporate insiders.

Airbnb Stock Up 0.7 %

NASDAQ ABNB opened at $164.23 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average is $160.44 and its two-hundred day moving average is $143.42. The company has a market capitalization of $106.27 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 2.17 and a beta of 1.25. Airbnb, Inc. has a 1-year low of $103.55 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The company had revenue of $2.22 billion for 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 forecast that Airbnb, Inc. will post 4.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research note on Thursday, April 11th. B. Riley Financial initiated coverage on shares of Airbnb in a research note on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price objective on the stock. Mizuho upgraded shares of Airbnb from a “neutral” rating to a “buy” rating and raised their price objective for the company from $150.00 to $200.00 in a research note on Wednesday. Wedbush reiterated a “neutral” rating and set a $160.00 price objective on shares of Airbnb in a research note on Thursday, April 18th. Finally, Benchmark began coverage on Airbnb in a research note on Thursday, April 11th. They set a “buy” rating and a $190.00 price objective for the company. Four equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $149.19.

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.