Americana Partners LLC Has $1.14 Million Position in Airbnb, Inc. (NASDAQ:ABNB)

Americana Partners LLC lowered its holdings in Airbnb, Inc. (NASDAQ:ABNB) by 13.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,686 shares of the company’s stock after selling 1,371 shares during the quarter. Americana Partners LLC’s holdings in Airbnb were worth $1,141,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in Airbnb in the 4th quarter valued at $25,000. Northwest Investment Counselors LLC acquired a new stake in Airbnb in the 3rd quarter valued at $25,000. Berbice Capital Management LLC acquired a new stake in Airbnb in the 4th quarter valued at $26,000. Hollencrest Capital Management lifted its stake in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in Airbnb during the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Stock Up 14.4 %

Shares of ABNB opened at $161.42 on Tuesday. The firm has a market cap of $102.34 billion, a P/E ratio of 56.64, a P/E/G ratio of 1.88 and a beta of 1.12. The stock has a 50 day simple moving average of $133.97 and a two-hundred day simple moving average of $130.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10.

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

Analysts Set New Price Targets

Several brokerages have weighed in on ABNB. Benchmark lifted their target price on Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research note on Friday. Gordon Haskett upgraded Airbnb from a “sell” rating to a “hold” rating and set a $143.00 target price on the stock in a research note on Friday. Baird R W upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday. Robert W. Baird upgraded Airbnb from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $140.00 to $175.00 in a research note on Friday. Finally, TD Cowen lifted their target price on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Five equities research analysts have rated the stock with a sell rating, twenty have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $145.79.

Insider Buying and Selling at Airbnb

In related news, CAO David C. Bernstein sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the completion of the transaction, the chief accounting officer now owns 40,581 shares in the company, valued at $5,559,597. This represents a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total value of $68,005.00. Following the transaction, the chief technology officer now owns 185,414 shares of the company’s stock, valued at approximately $25,218,158.14. This represents a 0.27 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,393,720 shares of company stock worth $186,305,545. 27.83% of the stock is currently owned by insiders.

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.