Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Valley National Advisers Inc.

Valley National Advisers Inc. lowered its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 12.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 587 shares of the company’s stock after selling 82 shares during the quarter. Valley National Advisers Inc.’s holdings in Airbnb were worth $77,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. raised its holdings in shares of Airbnb by 6,085.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after acquiring an additional 4,172,985 shares during the period. Meritage Group LP acquired a new stake in Airbnb during the third quarter worth about $160,985,000. Edgewood Management LLC raised its stake in Airbnb by 9.2% during the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after purchasing an additional 1,143,464 shares during the period. International Assets Investment Management LLC boosted its holdings in Airbnb by 19,430.3% in the 3rd quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock valued at $1,419,610,000 after purchasing an additional 1,113,747 shares during the last quarter. Finally, Temasek Holdings Private Ltd boosted its holdings in Airbnb by 91.3% in the 3rd quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock valued at $294,726,000 after purchasing an additional 1,109,076 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 9,603 shares of the stock in a transaction that occurred 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 transaction, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $136.01, for a total transaction of $68,005.00. Following the sale, the chief technology officer now owns 185,414 shares of the company’s stock, valued at $25,218,158.14. This represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,372,293 shares of company stock valued at $181,759,318. Corporate insiders own 27.83% of the company’s stock.

Airbnb Trading Down 0.5 %

Shares of NASDAQ:ABNB opened at $131.17 on Monday. The company has a market cap of $83.16 billion, a PE ratio of 46.02, a P/E/G ratio of 1.74 and a beta of 1.13. The company’s 50 day moving average is $133.69 and its two-hundred day moving average is $130.51. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. 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 (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 business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period last year, the company earned $2.39 EPS. Equities analysts predict that Airbnb, Inc. will post 3.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ABNB has been the topic of several analyst reports. TD Cowen lifted their price target on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, November 8th. JMP Securities restated a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. Jefferies Financial Group increased their price target on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Benchmark restated a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a report on Friday, November 8th. Finally, Susquehanna increased their target price on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research note on Monday, November 11th. Six equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and a consensus price target of $139.63.

Airbnb Company 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.