Airbnb, Inc. (NASDAQ:ABNB) Holdings Trimmed by Forsta AP Fonden

Forsta AP Fonden lowered its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 5.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 112,100 shares of the company’s stock after selling 6,600 shares during the quarter. Forsta AP Fonden’s holdings in Airbnb were worth $14,731,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Salvus Wealth Management LLC boosted its position in shares of Airbnb by 2.5% in the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after purchasing an additional 84 shares during the period. Koshinski Asset Management Inc. boosted its position in shares of Airbnb by 3.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $292,000 after purchasing an additional 85 shares during the period. Lazari Capital Management Inc. boosted its position in shares of Airbnb by 3.6% in the 2nd quarter. Lazari Capital Management Inc. now owns 2,517 shares of the company’s stock valued at $382,000 after purchasing an additional 88 shares during the period. First Horizon Advisors Inc. boosted its position in shares of Airbnb by 19.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock valued at $74,000 after purchasing an additional 94 shares during the period. Finally, Kingsview Wealth Management LLC boosted its position in shares of Airbnb by 2.7% in the 3rd quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock valued at $468,000 after purchasing an additional 97 shares during the period. Institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

Airbnb stock opened at $132.58 on Thursday. 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 company has a market capitalization of $84.05 billion, a PE ratio of 46.52, a price-to-earnings-growth ratio of 1.80 and a beta of 1.13. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The business has a 50 day simple moving average of $133.84 and a 200 day simple moving average of $130.88.

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

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 76,923 shares of Airbnb stock in a transaction on Monday, November 25th. The stock was sold at an average price of $139.94, for a total value of $10,764,604.62. Following the completion of the transaction, the chief executive officer now owns 12,616,300 shares in the company, valued at approximately $1,765,525,022. The trade was a 0.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nathan Blecharczyk sold 9,603 shares of Airbnb stock in a transaction on Wednesday, November 20th. The shares were 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 owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,157,308 shares of company stock worth $153,981,848 in the last 90 days. 27.83% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. Bank of America increased their price objective on Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Wells Fargo & Company reduced their price objective on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. DA Davidson increased their price objective on Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research note on Monday, November 18th. Finally, Wedbush increased their price objective on Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $139.63.

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.