Keystone Investors PTE Ltd. Decreases Position in Airbnb, Inc. (NASDAQ:ABNB)

Keystone Investors PTE Ltd. cut its stake in Airbnb, Inc. (NASDAQ:ABNB) by 82.1% in the fourth quarter, HoldingsChannel reports. The firm owned 4,144 shares of the company’s stock after selling 18,957 shares during the quarter. Keystone Investors PTE Ltd.’s holdings in Airbnb were worth $545,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Golden State Wealth Management LLC purchased a new position in shares of Airbnb in the 4th quarter valued at about $25,000. Berbice Capital Management LLC purchased a new position in Airbnb in the fourth quarter worth approximately $26,000. Whipplewood Advisors LLC acquired a new position in Airbnb during the 4th quarter worth approximately $44,000. Cromwell Holdings LLC increased its position in shares of Airbnb by 82.5% in the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company’s stock valued at $49,000 after purchasing an additional 170 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of Airbnb in the 3rd quarter valued at $55,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $129.82 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.00. The business’s fifty day moving average price is $135.74 and its two-hundred day moving average price is $133.53. The firm has a market capitalization of $81.86 billion, a PE ratio of 31.43, a P/E/G ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Insider Transactions at Airbnb

In other news, CEO Brian Chesky sold 38,461 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $135.82, for a total value of $5,223,773.02. Following the sale, the chief executive officer now owns 12,498,908 shares of the company’s stock, valued at approximately $1,697,601,684.56. The trade was a 0.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $126.00, for a total value of $88,200.00. Following the transaction, the chief technology officer now directly owns 171,419 shares in the company, valued at approximately $21,598,794. The trade was a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,055,909 shares of company stock valued at $289,763,290. 27.83% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ABNB shares. Bank of America increased their price objective on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Truist Financial cut their target price on shares of Airbnb from $123.00 to $112.00 and set a “hold” rating on the stock in a report on Friday. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research note on Friday, February 14th. Hsbc Global Res upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Finally, Jefferies Financial Group upgraded shares of Airbnb from a “hold” rating to a “buy” rating and increased their target price for the stock from $165.00 to $185.00 in a research note on Monday, March 10th. Five research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $147.82.

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.