New England Research & Management Inc. Sells 450 Shares of Airbnb, Inc. (NASDAQ:ABNB)

New England Research & Management Inc. lessened its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 10.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,740 shares of the company’s stock after selling 450 shares during the quarter. New England Research & Management Inc.’s holdings in Airbnb were worth $491,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 500 shares of Airbnb stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $136.01, for a total value of $68,005.00. Following the sale, the chief technology officer now directly owns 185,414 shares of the company’s stock, valued at $25,218,158.14. The trade was a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nathan Blecharczyk sold 9,603 shares of Airbnb stock in a transaction that occurred 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 sale, the insider now directly owns 164,850 shares in the company, valued at $21,466,767. This represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,157,308 shares of company stock valued at $153,981,848 over the last ninety days. Insiders own 27.83% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ABNB shares. UBS Group increased their price target on Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Jefferies Financial Group increased their price target on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Truist Financial dropped their price target on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research report on Wednesday, December 4th. Piper Sandler increased their price target on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, JMP Securities reissued a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. Six analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and an average target price of $139.63.

Airbnb Stock Up 1.2 %

Shares of ABNB opened at $132.58 on Thursday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The stock’s 50 day moving average is $133.84 and its two-hundred day moving average is $130.88. The firm has a market cap of $84.05 billion, a P/E ratio of 46.52, a PEG ratio of 1.80 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the business posted $2.39 earnings per share. Analysts predict 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.