Y.D. More Investments Ltd Sells 582 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Y.D. More Investments Ltd lessened its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 13.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,601 shares of the company’s stock after selling 582 shares during the period. Y.D. More Investments Ltd’s holdings in Airbnb were worth $490,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of ABNB. CVA Family Office LLC bought a new stake in Airbnb in the fourth quarter valued at approximately $26,000. Orion Capital Management LLC bought a new stake in Airbnb in the third quarter valued at approximately $27,000. Bfsg LLC bought a new stake in Airbnb in the fourth quarter valued at approximately $27,000. McGlone Suttner Wealth Management Inc. bought a new stake in Airbnb in the fourth quarter valued at approximately $30,000. Finally, Farmers & Merchants Investments Inc. bought a new stake in Airbnb in the third quarter valued at approximately $39,000. Institutional investors own 80.76% of the company’s stock.

Insider Activity

In related news, CEO Brian Chesky sold 76,912 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $147.79, for a total transaction of $11,366,824.48. Following the completion of the transaction, the chief executive officer now directly owns 14,545,529 shares of the company’s stock, valued at approximately $2,149,683,730.91. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $157.24, for a total transaction of $94,344.00. Following the completion of the transaction, the chief technology officer now directly owns 221,104 shares of the company’s stock, valued at approximately $34,766,392.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian Chesky sold 76,912 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $147.79, for a total value of $11,366,824.48. Following the transaction, the chief executive officer now directly owns 14,545,529 shares of the company’s stock, valued at $2,149,683,730.91. The disclosure for this sale can be found here. In the last ninety days, insiders sold 396,274 shares of company stock worth $63,616,059. Insiders own 27.83% of the company’s stock.

Airbnb Stock Up 1.5 %

Shares of ABNB opened at $158.43 on Thursday. Airbnb, Inc. has a 52 week low of $103.55 and a 52 week high of $170.10. The stock has a market capitalization of $102.52 billion, a price-to-earnings ratio of 21.57, a PEG ratio of 2.11 and a beta of 1.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a fifty day moving average of $160.84 and a 200-day moving average of $144.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, beating 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 analysts’ expectations of $2.16 billion. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ABNB shares. Piper Sandler increased their target price on Airbnb from $136.00 to $145.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Royal Bank of Canada increased their target price on Airbnb from $140.00 to $150.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 14th. DA Davidson reiterated a “neutral” rating and set a $145.00 target price on shares of Airbnb in a research note on Friday, March 15th. Bank of America increased their target price on Airbnb from $155.00 to $168.00 and gave the stock a “neutral” rating in a research note on Thursday, March 14th. Finally, Truist Financial increased their target price on Airbnb from $118.00 to $131.00 and gave the stock a “hold” rating in a research note on Thursday, March 14th. Four analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $149.19.

Airbnb 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.