S&CO Inc. cut its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB - Free Report) by 8.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,355 shares of the company's stock after selling 7,000 shares during the quarter. S&CO Inc.'s holdings in Airbnb were worth $10,165,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in ABNB. Golden State Wealth Management LLC purchased a new position in Airbnb during the 4th quarter valued at about $25,000. Berbice Capital Management LLC bought a new position in Airbnb in the 4th quarter valued at $26,000. Ashton Thomas Securities LLC purchased a new stake in shares of Airbnb in the third quarter worth $30,000. Whipplewood Advisors LLC purchased a new position in Airbnb during the fourth quarter worth about $44,000. Finally, Cromwell Holdings LLC grew its stake in Airbnb by 82.5% in the 4th quarter. Cromwell Holdings LLC now owns 376 shares of the company's stock worth $49,000 after buying an additional 170 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total value of $89,705.00. Following the completion of the transaction, the chief technology officer now owns 182,614 shares of the company's stock, valued at approximately $23,401,984.10. The trade was a 0.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nathan Blecharczyk sold 183,078 shares of the business's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the completion of the transaction, the insider now directly owns 164,850 shares of the company's stock, valued at approximately $26,046,300. This trade represents a 52.62 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,054,509 shares of company stock valued at $290,940,989. 27.83% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on ABNB shares. Evercore ISI raised their price target on Airbnb to $155.00 and gave the company a "hold" rating in a research report on Wednesday, January 15th. UBS Group increased their price objective on Airbnb from $143.00 to $160.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Barclays increased their price objective on Airbnb from $110.00 to $120.00 and gave the company an "underweight" rating in a research report on Friday, February 14th. Phillip Securities reiterated a "reduce" rating and set a $120.00 price objective on shares of Airbnb in a research report on Tuesday, November 12th. Finally, DA Davidson increased their price objective on Airbnb from $131.00 to $170.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Five analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $148.00.
Read Our Latest Report on Airbnb
Airbnb Stock Up 1.2 %
NASDAQ:ABNB traded up $1.56 on Wednesday, reaching $127.00. 2,864,054 shares of the stock traded hands, compared to its average volume of 4,410,112. The company has a market capitalization of $80.08 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 3.52 and a beta of 1.10. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The company's fifty day simple moving average is $136.82 and its 200 day simple moving average is $132.94. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10.
Airbnb (NASDAQ:ABNB - Get Free Report) last posted its earnings results on Thursday, February 13th. The company reported $0.73 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 analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.
About Airbnb
(
Free Report)
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.
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