Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. reduced its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 3.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 129,193 shares of the company's stock after selling 4,108 shares during the period. Airbnb makes up 1.1% of Hodges Capital Management Inc.'s investment portfolio, making the stock its 26th largest holding. Hodges Capital Management Inc.'s holdings in Airbnb were worth $16,383,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Northwest Investment Counselors LLC purchased a new position in shares of Airbnb during the third quarter worth about $25,000. Hollencrest Capital Management grew its stake in shares of Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company's stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. New Millennium Group LLC acquired a new position in shares of Airbnb in the second quarter valued at approximately $28,000. Cultivar Capital Inc. acquired a new position in shares of Airbnb in the second quarter valued at approximately $30,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Airbnb during the third quarter worth approximately $30,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on ABNB shares. Barclays boosted their price objective on shares of Airbnb from $100.00 to $110.00 and gave the company an "underweight" rating in a research note on Friday, November 8th. Raymond James started coverage on shares of Airbnb in a research report on Friday, September 27th. They issued a "market perform" rating and a $134.00 price objective for the company. Sanford C. Bernstein dropped their target price on Airbnb from $174.00 to $155.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 17th. Wedbush raised their price target on Airbnb from $135.00 to $155.00 and gave the company an "outperform" rating in a report on Friday, November 8th. Finally, Piper Sandler lifted their price target on Airbnb from $125.00 to $145.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Airbnb currently has a consensus rating of "Hold" and an average price target of $138.94.

Airbnb Trading Up 0.4 %

Shares of ABNB traded up $0.60 on Friday, hitting $136.92. 4,294,949 shares of the stock traded hands, compared to its average volume of 5,668,135. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The stock's 50 day moving average is $134.92 and its two-hundred day moving average is $135.03. The firm has a market capitalization of $86.80 billion, a P/E ratio of 48.04, a P/E/G ratio of 1.94 and a beta of 1.13. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB - Get Free Report) 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). The business had revenue of $3.73 billion for the quarter, compared to analysts' expectations 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 company earned $2.39 EPS. As a group, sell-side analysts predict that Airbnb, Inc. will post 3.99 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Joseph Gebbia sold 19,448 shares of the company's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $137.14, for a total transaction of $2,667,098.72. Following the completion of the sale, the director now directly owns 2,509 shares in the company, valued at $344,084.26. This represents a 88.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $72,000.00. Following the completion of the transaction, the chief technology officer now directly owns 195,844 shares in the company, valued at $23,501,280. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 748,465 shares of company stock valued at $96,015,340. Insiders own 27.83% of the company's stock.

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.