Geo Capital Gestora de Recursos Ltd Sells 35,112 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Geo Capital Gestora de Recursos Ltd trimmed its stake in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 42.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,910 shares of the company's stock after selling 35,112 shares during the period. Airbnb comprises about 8.1% of Geo Capital Gestora de Recursos Ltd's portfolio, making the stock its 2nd largest position. Geo Capital Gestora de Recursos Ltd's holdings in Airbnb were worth $6,296,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vestor Capital LLC bought a new stake in shares of Airbnb in the fourth quarter worth $3,388,000. Mizuho Securities USA LLC grew its holdings in shares of Airbnb by 43.8% in the 4th quarter. Mizuho Securities USA LLC now owns 41,027 shares of the company's stock valued at $5,391,000 after acquiring an additional 12,495 shares in the last quarter. Quantbot Technologies LP increased its position in shares of Airbnb by 114.5% in the fourth quarter. Quantbot Technologies LP now owns 59,589 shares of the company's stock valued at $7,831,000 after acquiring an additional 31,812 shares during the last quarter. iA Global Asset Management Inc. raised its holdings in Airbnb by 4.0% during the fourth quarter. iA Global Asset Management Inc. now owns 46,657 shares of the company's stock worth $6,131,000 after acquiring an additional 1,804 shares in the last quarter. Finally, Teacher Retirement System of Texas boosted its position in Airbnb by 777.7% during the fourth quarter. Teacher Retirement System of Texas now owns 25,954 shares of the company's stock valued at $3,411,000 after purchasing an additional 22,997 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling at Airbnb

In related news, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the sale, the chief executive officer now directly owns 12,000,913 shares of the company's stock, valued at approximately $1,934,067,139.08. The trade was a 1.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $126.00, for a total transaction of $88,200.00. Following the transaction, the chief technology officer now owns 171,419 shares of the company's stock, valued at approximately $21,598,794. This represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,055,909 shares of company stock worth $289,763,290 over the last 90 days. Insiders own 27.83% of the company's stock.

Airbnb Price Performance

Shares of NASDAQ ABNB traded down $0.38 during trading hours on Tuesday, hitting $129.44. 1,343,779 shares of the stock were exchanged, compared to its average volume of 4,410,865. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.00. The company has a market cap of $81.62 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The company's fifty day simple moving average is $135.74 and its two-hundred day simple moving average is $133.53.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, sell-side analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on ABNB. Jefferies Financial Group raised Airbnb from a "hold" rating to a "buy" rating and boosted their price target for the stock from $165.00 to $185.00 in a research report on Monday, March 10th. Wedbush restated an "outperform" rating and set a $155.00 target price on shares of Airbnb in a report on Tuesday, February 4th. Gordon Haskett upgraded shares of Airbnb from a "sell" rating to a "hold" rating and set a $143.00 price target for the company in a research note on Friday, February 14th. Bank of America boosted their price objective on shares of Airbnb from $154.00 to $159.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 18th. Finally, Truist Financial cut their target price on shares of Airbnb from $123.00 to $112.00 and set a "hold" rating for the company in a research note on Friday. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $147.36.

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.