Cynosure Group LLC Has $547,000 Position in Airbnb, Inc. (NASDAQ:ABNB)

Cynosure Group LLC lessened its stake in Airbnb, Inc. (NASDAQ:ABNB) by 6.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,163 shares of the company’s stock after selling 272 shares during the period. Cynosure Group LLC’s holdings in Airbnb were worth $547,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ABNB. Huntington National Bank increased its position in Airbnb by 13.5% during the 4th quarter. Huntington National Bank now owns 2,719 shares of the company’s stock valued at $357,000 after purchasing an additional 324 shares during the period. Boston Family Office LLC bought a new stake in shares of Airbnb in the 4th quarter valued at $281,000. OLD Mission Capital LLC acquired a new stake in shares of Airbnb during the fourth quarter worth $347,000. Geode Capital Management LLC raised its stake in Airbnb by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company’s stock worth $1,244,514,000 after buying an additional 72,991 shares during the last quarter. Finally, Nemes Rush Group LLC raised its stake in Airbnb by 1.7% during the fourth quarter. Nemes Rush Group LLC now owns 7,338 shares of the company’s stock worth $964,000 after buying an additional 121 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ABNB shares. B. Riley increased their price target on Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Jefferies Financial Group raised Airbnb from a “hold” rating to a “buy” rating and raised their target price for the stock from $165.00 to $185.00 in a research note on Monday, March 10th. Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Wedbush restated an “outperform” rating and set a $155.00 price target on shares of Airbnb in a report on Tuesday, February 4th. Finally, DA Davidson raised their price objective on shares of Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and a consensus price target of $147.36.

Insider Buying and Selling at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 183,078 shares of the business’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the sale, the insider now directly owns 164,850 shares in the company, valued at $26,046,300. The trade was a 52.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Brian Chesky sold 230,772 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the transaction, the chief executive officer now owns 12,000,913 shares of the company’s stock, valued at $1,934,067,139.08. The trade was a 1.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,250,894 shares of company stock worth $314,940,768 over the last three months. 27.83% of the stock is currently owned by insiders.

Airbnb Stock Performance

Shares of ABNB opened at $122.80 on Thursday. The stock has a 50 day moving average of $134.55 and a 200 day moving average of $133.79. The company has a market capitalization of $77.43 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $166.74. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. As a group, sell-side analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current 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.