International Assets Investment Management LLC Sells 1,111,102 Shares of Airbnb, Inc. (NASDAQ:ABNB)

International Assets Investment Management LLC lessened its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 99.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,377 shares of the company’s stock after selling 1,111,102 shares during the period. International Assets Investment Management LLC’s holdings in Airbnb were worth $1,101,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. One Wealth Capital Management LLC purchased a new position in Airbnb during the fourth quarter valued at $553,000. Norman Fields Gottscho Capital Management LLC raised its stake in shares of Airbnb by 30.9% in the fourth quarter. Norman Fields Gottscho Capital Management LLC now owns 2,605 shares of the company’s stock worth $342,000 after buying an additional 615 shares during the period. Everence Capital Management Inc. lifted its position in shares of Airbnb by 19.3% during the 4th quarter. Everence Capital Management Inc. now owns 9,280 shares of the company’s stock valued at $1,219,000 after buying an additional 1,500 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Airbnb by 36.3% during the 4th quarter. GAMMA Investing LLC now owns 2,572 shares of the company’s stock valued at $338,000 after acquiring an additional 685 shares during the period. Finally, Versant Capital Management Inc increased its holdings in Airbnb by 215.5% in the 4th quarter. Versant Capital Management Inc now owns 751 shares of the company’s stock worth $99,000 after acquiring an additional 513 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Activity

In related news, insider Nathan Blecharczyk sold 9,603 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the sale, the insider now owns 164,850 shares in the company, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Chesky sold 38,460 shares of the stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $133.97, for a total value of $5,152,486.20. Following the completion of the transaction, the chief executive officer now directly owns 13,200,529 shares in the company, valued at approximately $1,768,474,870.13. This trade represents a 0.29 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 955,057 shares of company stock valued at $128,033,252. 27.83% of the stock is currently owned by company insiders.

Airbnb Stock Down 0.4 %

Shares of NASDAQ ABNB opened at $130.80 on Friday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The firm has a 50-day simple moving average of $135.12 and a two-hundred day simple moving average of $132.93. The company has a market cap of $82.92 billion, a P/E ratio of 45.89, a PEG ratio of 1.93 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the prior year, the business posted $2.39 earnings per share. Research analysts anticipate that Airbnb, Inc. will post 3.99 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ABNB. Citigroup upped their price target on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Jefferies Financial Group upped their target price on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Barclays raised their price target on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Sanford C. Bernstein cut their target price on Airbnb from $174.00 to $155.00 and set an “outperform” rating for the company in a research report on Tuesday, September 17th. Finally, TD Cowen boosted their price target on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $139.48.

About Airbnb

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.