Asset Management One Co. Ltd. Sells 916 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Asset Management One Co. Ltd. lowered its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 197,026 shares of the company’s stock after selling 916 shares during the period. Asset Management One Co. Ltd.’s holdings in Airbnb were worth $26,280,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. CAP Partners LLC lifted its position in shares of Airbnb by 3.6% during the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock worth $293,000 after acquiring an additional 77 shares in the last quarter. Salvus Wealth Management LLC lifted its position in shares of Airbnb by 2.5% during the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock worth $455,000 after acquiring an additional 84 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Airbnb by 19.3% during the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock worth $74,000 after acquiring an additional 94 shares in the last quarter. Kingsview Wealth Management LLC lifted its position in shares of Airbnb by 2.7% during the third quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock worth $468,000 after acquiring an additional 97 shares in the last quarter. Finally, Y.D. More Investments Ltd lifted its position in shares of Airbnb by 3.0% during the fourth quarter. Y.D. More Investments Ltd now owns 3,461 shares of the company’s stock worth $455,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $136.01, for a total value of $68,005.00. Following the completion of the sale, the chief technology officer now directly owns 185,414 shares in the company, valued at $25,218,158.14. This trade represents a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $128.95, for a total transaction of $27,632,050.75. Following the completion of the sale, the director now owns 1,071,430 shares of the company’s stock, valued at $138,160,898.50. This trade represents a 16.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,608,005 shares of company stock worth $214,394,023 over the last three months. Company insiders own 27.83% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on ABNB shares. Morgan Stanley increased their target price on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. B. Riley increased their price objective on Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday. Phillip Securities reiterated a “reduce” rating and issued a $120.00 price objective on shares of Airbnb in a research report on Tuesday, November 12th. Wells Fargo & Company lowered their price objective on Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Finally, TD Cowen increased their price objective on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Five equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $145.79.

Airbnb Stock Up 14.4 %

NASDAQ ABNB opened at $161.42 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market capitalization of $102.34 billion, a PE ratio of 56.64, a PEG ratio of 1.88 and a beta of 1.12. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The business’s 50-day moving average is $133.49 and its 200 day moving average is $130.17.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. Sell-side analysts forecast that Airbnb, Inc. will post 3.97 earnings per share for the current year.

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.