Jump Financial LLC Sells 3,001,614 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Jump Financial LLC lessened its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 99.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,441 shares of the company's stock after selling 3,001,614 shares during the period. Jump Financial LLC's holdings in Airbnb were worth $1,898,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Golden State Wealth Management LLC bought a new stake in Airbnb during the fourth quarter worth about $25,000. Berbice Capital Management LLC bought a new stake in shares of Airbnb in the 4th quarter worth approximately $26,000. Graney & King LLC purchased a new stake in shares of Airbnb in the 4th quarter worth approximately $32,000. Whipplewood Advisors LLC bought a new position in Airbnb during the 4th quarter valued at approximately $44,000. Finally, Cromwell Holdings LLC raised its stake in Airbnb by 82.5% during the fourth quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock valued at $49,000 after buying an additional 170 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Nathan Blecharczyk sold 183,078 shares of the company's stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $158.00, for a total value of $28,926,324.00. Following the transaction, the insider now directly owns 164,850 shares in the company, valued at approximately $26,046,300. This represents a 52.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Brian Chesky sold 230,772 shares of Airbnb stock in a transaction dated 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 owns 12,000,913 shares of the company's stock, valued at $1,934,067,139.08. The trade was a 1.89 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,998,146 shares of company stock valued at $275,624,925 in the last ninety days. 27.83% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ABNB. HSBC upgraded Airbnb from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Morgan Stanley boosted their price target on Airbnb from $125.00 to $130.00 and gave the stock an "underweight" rating in a research note on Thursday, April 17th. Wedbush reaffirmed an "outperform" rating and set a $155.00 price objective on shares of Airbnb in a research report on Tuesday, February 4th. JMP Securities reissued a "market perform" rating on shares of Airbnb in a research report on Friday, February 14th. Finally, Susquehanna upped their target price on shares of Airbnb from $160.00 to $200.00 and gave the company a "positive" rating in a research note on Tuesday, February 18th. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $146.94.

Airbnb Trading Up 3.0 %

ABNB traded up $3.48 on Wednesday, hitting $118.39. The company had a trading volume of 4,362,662 shares, compared to its average volume of 4,785,581. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $166.74. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The business's fifty day simple moving average is $128.09 and its 200 day simple moving average is $132.15. The company has a market cap of $74.65 billion, a PE ratio of 28.66, a PEG ratio of 3.52 and a beta of 1.15.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current 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.