Baader Bank Aktiengesellschaft Sells 69,992 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Baader Bank Aktiengesellschaft cut its position in shares of Airbnb, Inc. (NASDAQ:ABNBFree Report) by 52.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,532 shares of the company’s stock after selling 69,992 shares during the quarter. Airbnb accounts for 0.6% of Baader Bank Aktiengesellschaft’s portfolio, making the stock its 25th biggest holding. Baader Bank Aktiengesellschaft’s holdings in Airbnb were worth $8,480,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new position in Airbnb during the third quarter worth about $25,000. Hollencrest Capital Management raised its stake in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Berbice Capital Management LLC acquired a new stake in shares of Airbnb in the 4th quarter valued at $26,000. Ashton Thomas Securities LLC bought a new stake in shares of Airbnb in the 3rd quarter worth about $30,000. Finally, Quarry LP acquired a new stake in shares of Airbnb during the 3rd quarter worth about $55,000. 80.76% of the stock is currently owned by institutional investors.

Insider Activity at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the completion of the sale, the director now owns 10,321 shares in the company, valued at approximately $1,352,876.68. This trade represents a 95.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Nathan Blecharczyk sold 9,603 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the completion of the transaction, the insider now owns 164,850 shares in the company, valued at approximately $21,466,767. This trade represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,157,308 shares of company stock worth $153,981,848. Insiders own 27.83% of the company’s stock.

Airbnb Stock Up 1.2 %

ABNB stock opened at $132.58 on Thursday. The company has a market cap of $84.05 billion, a price-to-earnings ratio of 46.52, a P/E/G ratio of 1.80 and a beta of 1.13. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The business has a 50 day moving average price of $133.84 and a two-hundred day moving average price of $130.88. 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:ABNBGet Free Report) last released its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share 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 firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the prior year, the business posted $2.39 earnings per share. Analysts anticipate that Airbnb, Inc. will post 3.98 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on ABNB shares. Wedbush upped 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. DA Davidson lifted their price objective on Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Evercore ISI raised their target price on Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. Robert W. Baird upped their price target on shares of Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Truist Financial lowered their price objective on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Six research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Airbnb has an average rating of “Hold” and a consensus price target of $139.63.

Get Our Latest Stock Analysis on Airbnb

Airbnb Company Profile

(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.

See Also

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Institutional Ownership by Quarter for Airbnb (NASDAQ:ABNB)

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