MWA Asset Management Lowers Holdings in Airbnb, Inc. (NASDAQ:ABNB)

MWA Asset Management reduced its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 25.5% during the 4th quarter, HoldingsChannel reports. The fund owned 3,227 shares of the company’s stock after selling 1,105 shares during the period. MWA Asset Management’s holdings in Airbnb were worth $424,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Salvus Wealth Management LLC raised its stake in 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. raised its position in shares of 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. boosted its holdings in Airbnb by 19.3% in the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock valued at $74,000 after acquiring an additional 94 shares during the last quarter. Kingsview Wealth Management LLC grew its position in 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 acquiring an additional 97 shares during the period. Finally, Y.D. More Investments Ltd increased its stake in Airbnb by 3.0% during the fourth quarter. Y.D. More Investments Ltd now owns 3,461 shares of the company’s stock worth $455,000 after acquiring an additional 100 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Airbnb news, insider Nathan Blecharczyk sold 9,603 shares of the firm’s stock in a transaction dated 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 owns 164,850 shares of the company’s stock, valued at $21,466,767. This trade represents a 5.50 % 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, CEO Brian Chesky sold 76,923 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $139.94, for a total value of $10,764,604.62. Following the transaction, the chief executive officer now directly owns 12,616,300 shares of the company’s stock, valued at $1,765,525,022. This trade represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,417,704 shares of company stock valued at $187,654,829 over the last 90 days. 27.83% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ABNB shares. Phillip Securities reaffirmed a “reduce” rating and issued a $120.00 price objective on shares of Airbnb in a research note on Tuesday, November 12th. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research note on Monday, December 16th. Susquehanna increased their price objective on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research report on Monday, November 11th. Truist Financial reduced their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Finally, TD Cowen increased their price target on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, November 8th. Six research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $139.63.

Airbnb Stock Up 1.8 %

Shares of Airbnb stock opened at $134.98 on Friday. 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 business has a 50-day moving average price of $132.98 and a 200 day moving average price of $130.17. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm has a market cap of $85.57 billion, a P/E ratio of 47.36, a P/E/G ratio of 1.72 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the firm posted $2.39 earnings per share. On average, sell-side analysts forecast that Airbnb, Inc. will post 3.98 earnings per share for the current fiscal year.

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.