Yousif Capital Management LLC Reduces Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Yousif Capital Management LLC lessened its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 1.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 52,721 shares of the company’s stock after selling 837 shares during the period. Yousif Capital Management LLC’s holdings in Airbnb were worth $6,928,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Czech National Bank grew its holdings in Airbnb by 6.5% during the 3rd quarter. Czech National Bank now owns 89,633 shares of the company’s stock valued at $11,366,000 after purchasing an additional 5,501 shares during the last quarter. Atomi Financial Group Inc. grew its stake in shares of Airbnb by 2.9% during the third quarter. Atomi Financial Group Inc. now owns 5,665 shares of the company’s stock valued at $718,000 after buying an additional 161 shares during the last quarter. CWM LLC raised its holdings in shares of Airbnb by 65.6% in the third quarter. CWM LLC now owns 21,309 shares of the company’s stock worth $2,702,000 after buying an additional 8,441 shares during the period. Perpetual Ltd bought a new stake in shares of Airbnb during the 3rd quarter worth approximately $1,410,000. Finally, Nvest Financial LLC boosted its holdings in Airbnb by 20.9% during the 3rd quarter. Nvest Financial LLC now owns 1,731 shares of the company’s stock valued at $220,000 after acquiring an additional 299 shares during the period. 80.76% of the stock is currently owned by institutional investors.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $132.57 on Friday. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The business’s 50 day moving average price is $133.00 and its 200 day moving average price is $130.28. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The firm has a market cap of $84.05 billion, a P/E ratio of 46.52, a P/E/G ratio of 1.72 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last released 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 analysts’ expectations of $3.72 billion. During the same period last year, the company earned $2.39 earnings per share. On average, sell-side analysts expect that Airbnb, Inc. will post 3.98 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ABNB. Jefferies Financial Group increased their target price on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Evercore ISI lifted their price target on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. Wedbush reissued an “outperform” rating and issued a $155.00 price objective on shares of Airbnb in a research note on Tuesday. Robert W. Baird lifted their target price on Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Wells Fargo & Company dropped their price target on Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Airbnb currently has an average rating of “Hold” and a consensus target price of $139.63.

Insider Buying and Selling at Airbnb

In related news, insider Nathan Blecharczyk sold 9,603 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $128.15, for a total transaction of $89,705.00. Following the completion of the transaction, the chief technology officer now directly owns 182,614 shares of the company’s stock, valued at $23,401,984.10. The trade was a 0.38 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,417,704 shares of company stock valued at $187,654,829. 27.83% of the stock is owned by insiders.

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.