Flossbach Von Storch SE Trims Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Flossbach Von Storch SE lessened its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 36.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,675 shares of the company’s stock after selling 10,285 shares during the quarter. Flossbach Von Storch SE’s holdings in Airbnb were worth $2,323,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Northwest Investment Counselors LLC acquired a new stake in shares of Airbnb during the 3rd quarter worth approximately $25,000. Golden State Wealth Management LLC purchased a new stake in Airbnb in the fourth quarter valued at $25,000. 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 worth $26,000 after acquiring an additional 200 shares in the last quarter. Berbice Capital Management LLC purchased a new position in Airbnb in the fourth quarter valued at $26,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Airbnb during the third quarter worth $30,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Benchmark lifted their target price on shares of Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a report on Friday, February 14th. Gordon Haskett upgraded Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective on the stock in a research report on Friday, February 14th. HSBC raised shares of Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Wedbush reiterated an “outperform” rating and set a $155.00 target price on shares of Airbnb in a report on Tuesday, February 4th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $147.00.

Airbnb Trading Down 1.7 %

Shares of ABNB stock opened at $157.83 on Thursday. The firm’s 50 day moving average is $134.80 and its 200 day moving average is $130.65. The stock has a market capitalization of $100.06 billion, a P/E ratio of 38.22, a P/E/G ratio of 2.38 and a beta of 1.12. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month 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 (EPS) for the quarter, beating 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%. Research analysts expect that Airbnb, Inc. will post 4.27 earnings per share for the current year.

Insider Activity at Airbnb

In other news, CAO David C. Bernstein sold 1,000 shares of the company’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $137.00, for a total value of $137,000.00. Following the sale, 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 183,078 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 164,850 shares in the company, valued at $26,046,300. This represents a 52.62 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,834,455 shares of company stock worth $256,987,686. Company insiders own 27.83% of the company’s stock.

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.