Adero Partners LLC Decreases Stock Position in Airbnb, Inc. (NASDAQ:ABNB)

Adero Partners LLC lessened its stake in Airbnb, Inc. (NASDAQ:ABNB) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,964 shares of the company’s stock after selling 738 shares during the period. Adero Partners LLC’s holdings in Airbnb were worth $3,543,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Salvus Wealth Management LLC boosted its holdings in shares of Airbnb by 2.5% during the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock worth $455,000 after purchasing an additional 84 shares during the period. Koshinski Asset Management Inc. lifted its holdings in Airbnb by 3.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock worth $292,000 after buying an additional 85 shares during the period. First Horizon Advisors Inc. grew 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 worth $74,000 after buying an additional 94 shares during the last quarter. Kingsview Wealth Management LLC increased its stake in shares of Airbnb by 2.7% during the third quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock valued at $468,000 after buying an additional 97 shares during the period. Finally, Y.D. More Investments Ltd raised its holdings in shares of Airbnb by 3.0% during the fourth quarter. Y.D. More Investments Ltd now owns 3,461 shares of the company’s stock valued at $455,000 after acquiring an additional 100 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Joseph Gebbia sold 19,448 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $137.14, for a total value of $2,667,098.72. Following the transaction, the director now owns 2,509 shares of the company’s stock, valued at approximately $344,084.26. This trade represents a 88.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Brian Chesky sold 38,461 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $129.87, for a total transaction of $4,994,930.07. Following the sale, the chief executive officer now directly owns 12,421,986 shares of the company’s stock, valued at approximately $1,613,243,321.82. This represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,410,754 shares of company stock valued at $186,754,248. Company insiders own 27.83% of the company’s stock.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $129.60 on Thursday. The business has a 50-day simple moving average of $133.11 and a two-hundred day simple moving average of $130.26. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market cap of $82.16 billion, a price-to-earnings ratio of 45.47, a price-to-earnings-growth ratio of 1.72 and a beta of 1.12. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share 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 company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same period in the previous year, the firm earned $2.39 earnings per share. On average, analysts expect that Airbnb, Inc. will post 3.98 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on ABNB. Evercore ISI lifted their price target on shares of Airbnb to $155.00 and gave the company a “hold” rating in a report on Wednesday, January 15th. DA Davidson boosted their price target on shares of Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Barclays raised their price objective on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. TD Cowen upped their target price on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Robert W. Baird raised their target price on Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Six analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Airbnb currently 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.