Paragon Capital Management Ltd Sells 17,847 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Paragon Capital Management Ltd reduced its holdings in Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 4.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 399,368 shares of the company's stock after selling 17,847 shares during the period. Airbnb makes up 10.5% of Paragon Capital Management Ltd's portfolio, making the stock its 2nd largest holding. Paragon Capital Management Ltd owned approximately 0.06% of Airbnb worth $52,481,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Airbnb in the third quarter worth $34,982,000. Tri Ri Asset Management Corp purchased a new stake in shares of Airbnb in the third quarter valued at $6,352,000. J.W. Cole Advisors Inc. lifted its holdings in shares of Airbnb by 86.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company's stock worth $583,000 after acquiring an additional 2,132 shares during the last quarter. Shellback Capital LP purchased a new position in shares of Airbnb during the 2nd quarter worth about $22,744,000. Finally, Assenagon Asset Management S.A. grew its holdings in Airbnb by 40.5% during the 4th 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. 80.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ABNB has been the subject of several analyst reports. Wedbush raised their price objective on shares of Airbnb from $135.00 to $155.00 and gave the stock an "outperform" rating in a research note on Friday, November 8th. Piper Sandler raised their price target on Airbnb from $125.00 to $145.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Evercore ISI upped their price objective on Airbnb to $155.00 and gave the company a "hold" rating in a research report on Wednesday. UBS Group lifted their target price on Airbnb from $134.00 to $144.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 23rd. Finally, Jefferies Financial Group upped their price target on shares of Airbnb from $120.00 to $135.00 and gave the stock a "hold" rating in a report on Tuesday, October 22nd. Six equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, Airbnb currently has an average rating of "Hold" and an average target price of $139.63.

Airbnb Stock Down 0.3 %

NASDAQ:ABNB traded down $0.36 during mid-day trading on Thursday, hitting $132.16. 2,904,739 shares of the company's stock traded hands, compared to its average volume of 3,635,579. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market capitalization of $83.79 billion, a P/E ratio of 46.37, a P/E/G ratio of 1.63 and a beta of 1.13. The company has a fifty day moving average of $134.45 and a 200 day moving average of $132.22.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its 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 return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion for the quarter, compared to analysts' expectations of $3.72 billion. During the same period last year, the business earned $2.39 EPS. On average, analysts forecast that Airbnb, Inc. will post 3.99 EPS for the current year.

Insider Activity

In related news, CAO David C. Bernstein sold 1,000 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $137.00, for a total transaction of $137,000.00. Following the sale, the chief accounting officer now directly owns 40,581 shares of the company's stock, valued at approximately $5,559,597. This represents a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $135.33, for a total transaction of $81,198.00. Following the completion of the transaction, the chief technology officer now directly owns 192,244 shares of the company's stock, valued at $26,016,380.52. The trade was a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,130,982 shares of company stock valued at $150,523,585 in the last quarter. 27.83% of the stock is currently owned by company insiders.

About Airbnb

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.