Bensler LLC Cuts Stake in Airbnb, Inc. (NASDAQ:ABNB)

Bensler LLC lowered its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 6.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 23,767 shares of the company’s stock after selling 1,707 shares during the period. Bensler LLC’s holdings in Airbnb were worth $3,123,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northwest Investment Counselors LLC bought a new position in Airbnb during the 3rd quarter valued at about $25,000. Berbice Capital Management LLC bought a new position in Airbnb during the 4th quarter valued at about $26,000. Hollencrest Capital Management lifted its stake in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the period. Ashton Thomas Securities LLC bought a new position in Airbnb during the 3rd quarter valued at about $30,000. Finally, Quarry LP bought a new position in Airbnb during the 3rd quarter valued at about $55,000. Institutional investors own 80.76% of the company’s stock.

Insider Activity at Airbnb

In related news, insider Nathan Blecharczyk sold 9,603 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the transaction, the insider now directly owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. This represents a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $128.95, for a total value of $27,632,050.75. Following the completion of the sale, the director now directly owns 1,071,430 shares of the company’s stock, valued at $138,160,898.50. This trade represents a 16.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,157,308 shares of company stock valued at $153,981,848. 27.83% of the stock is owned by insiders.

Wall Street Analyst Weigh In

ABNB has been the topic of several research analyst reports. Phillip Securities restated a “reduce” rating and set a $120.00 target price on shares of Airbnb in a research note on Tuesday, November 12th. Truist Financial lowered their price objective on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research note on Wednesday, December 4th. Wedbush increased their price objective on shares of Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Bank of America increased their price objective on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Finally, Morgan Stanley increased their price objective on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $139.63.

Airbnb Trading Down 0.9 %

Shares of NASDAQ:ABNB opened at $127.74 on Tuesday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The firm has a market capitalization of $80.98 billion, a price-to-earnings ratio of 44.66, a price-to-earnings-growth ratio of 1.80 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The business’s 50 day moving average price is $133.90 and its 200-day moving average price is $130.98.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter last year, the business earned $2.39 EPS. On average, equities research analysts forecast that Airbnb, Inc. will post 3.98 earnings per share for the current fiscal year.

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.