Sicart Associates LLC Has $7.02 Million Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Sicart Associates LLC decreased its position in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,382 shares of the company's stock after selling 2,160 shares during the quarter. Airbnb accounts for approximately 2.5% of Sicart Associates LLC's holdings, making the stock its 16th largest holding. Sicart Associates LLC's holdings in Airbnb were worth $7,015,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of ABNB. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Airbnb by 24.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 3,140 shares of the company's stock worth $413,000 after buying an additional 610 shares in the last quarter. Sendero Wealth Management LLC acquired a new position in Airbnb during the 4th quarter worth approximately $3,793,000. Park Avenue Securities LLC grew its stake in shares of Airbnb by 14.6% during the 4th quarter. Park Avenue Securities LLC now owns 18,695 shares of the company's stock worth $2,457,000 after acquiring an additional 2,378 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Airbnb by 40.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company's stock valued at $90,123,000 after purchasing an additional 197,558 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC lifted its position in shares of Airbnb by 22.0% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 4,894 shares of the company's stock worth $643,000 after purchasing an additional 881 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. DA Davidson raised their target price on shares of Airbnb from $125.00 to $131.00 and gave the company a "neutral" rating in a research report on Monday, November 18th. JMP Securities restated a "market perform" rating on shares of Airbnb in a report on Monday, December 16th. Robert W. Baird lifted their target price on Airbnb from $120.00 to $140.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Jefferies Financial Group increased their price target on Airbnb from $120.00 to $135.00 and gave the company a "hold" rating in a research report on Tuesday, October 22nd. Finally, Phillip Securities reaffirmed a "reduce" rating and set a $120.00 price target on shares of Airbnb in a research report on Tuesday, November 12th. Six research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $139.63.

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the company's stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $129.82, for a total value of $90,874.00. Following the completion of the transaction, the chief technology officer now owns 184,014 shares of the company's stock, valued at $23,888,697.48. This represents a 0.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $128.95, for a total value of $27,632,050.75. Following the sale, the director now directly owns 1,071,430 shares in the company, valued at $138,160,898.50. The trade was a 16.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,130,982 shares of company stock valued at $150,523,585. 27.83% of the stock is currently owned by corporate insiders.

Airbnb Price Performance

Shares of NASDAQ:ABNB traded up $2.96 during midday trading on Friday, hitting $135.12. The stock had a trading volume of 3,740,209 shares, compared to its average volume of 3,645,106. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $85.66 billion, a P/E ratio of 47.41, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13. The company's 50-day moving average price is $134.15 and its 200-day moving average price is $132.22. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the business posted $2.39 EPS. As a group, equities research analysts predict that Airbnb, Inc. will post 3.99 EPS for the current fiscal 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.