DDD Partners LLC Sells 1,101 Shares of Airbnb, Inc. (NASDAQ:ABNB)

DDD Partners LLC reduced its stake in shares of Airbnb, Inc. (NASDAQ:ABNB) by 27.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,919 shares of the company’s stock after selling 1,101 shares during the quarter. DDD Partners LLC’s holdings in Airbnb were worth $397,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Wellesley Asset Management purchased a new stake in Airbnb in the first quarter worth about $121,000. CVA Family Office LLC purchased a new stake in Airbnb in the fourth quarter worth about $26,000. Resurgent Financial Advisors LLC purchased a new stake in Airbnb in the second quarter worth about $25,000. Orion Capital Management LLC purchased a new stake in Airbnb in the third quarter worth about $27,000. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of Airbnb during the third quarter valued at approximately $39,000. 80.76% of the stock is owned by institutional investors.

Airbnb Stock Down 0.6 %

ABNB stock opened at $166.41 on Thursday. The firm has a market cap of $107.68 billion, a PE ratio of 22.98, a P/E/G ratio of 2.13 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. The firm’s fifty day moving average is $154.37 and its 200 day moving average is $139.70. Airbnb, Inc. has a one year low of $103.55 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.67 by $0.09. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. On average, research analysts forecast that Airbnb, Inc. will post 4.68 EPS for the current year.

Insider Buying and Selling at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 40,000 shares of the stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $132.82, for a total transaction of $5,312,800.00. Following the transaction, the insider now directly owns 613,762 shares of the company’s stock, valued at $81,519,868.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Nathan Blecharczyk sold 40,000 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $132.82, for a total transaction of $5,312,800.00. Following the transaction, the insider now directly owns 613,762 shares in the company, valued at $81,519,868.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Dave Stephenson sold 25,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $134.43, for a total transaction of $3,360,750.00. Following the transaction, the chief financial officer now owns 98,828 shares in the company, valued at $13,285,448.04. The disclosure for this sale can be found here. Insiders have sold a total of 856,222 shares of company stock valued at $126,839,880 over the last ninety days. Corporate insiders own 30.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Susquehanna lifted their target price on shares of Airbnb from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Wednesday, February 14th. Barclays boosted their target price on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Monday, January 29th. TheStreet upgraded shares of Airbnb from a “c-” rating to a “b-” rating in a report on Tuesday, December 12th. Mizuho upped their price target on shares of Airbnb from $130.00 to $150.00 and gave the company a “neutral” rating in a report on Wednesday, January 17th. Finally, Piper Sandler upped their price target on shares of Airbnb from $136.00 to $145.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Four equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and a consensus price target of $144.96.

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.