Jacobs & Co. CA Sells 1,838 Shares of Airbnb, Inc. (NASDAQ:ABNB)

Jacobs & Co. CA cut its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 13.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,786 shares of the company’s stock after selling 1,838 shares during the period. Jacobs & Co. CA’s holdings in Airbnb were worth $1,604,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Chicago Partners Investment Group LLC boosted its stake in Airbnb by 5.1% in the third quarter. Chicago Partners Investment Group LLC now owns 1,823 shares of the company’s stock valued at $250,000 after acquiring an additional 89 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in Airbnb by 33.0% in the first quarter. Parkside Financial Bank & Trust now owns 399 shares of the company’s stock valued at $69,000 after acquiring an additional 99 shares in the last quarter. Integrated Wealth Concepts LLC boosted its stake in Airbnb by 0.7% in the third quarter. Integrated Wealth Concepts LLC now owns 13,937 shares of the company’s stock valued at $1,912,000 after acquiring an additional 103 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Airbnb by 58.4% in the second quarter. Quadrant Capital Group LLC now owns 282 shares of the company’s stock valued at $36,000 after acquiring an additional 104 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Airbnb by 15.7% in the third quarter. EverSource Wealth Advisors LLC now owns 794 shares of the company’s stock valued at $109,000 after acquiring an additional 108 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 22,170 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $169.18, for a total transaction of $3,750,720.60. Following the transaction, the chief technology officer now directly owns 143,731 shares in the company, valued at $24,316,410.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CTO Aristotle N. Balogh sold 22,170 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $169.18, for a total value of $3,750,720.60. Following the completion of the sale, the chief technology officer now owns 143,731 shares of the company’s stock, valued at approximately $24,316,410.58. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Nathan Blecharczyk sold 40,000 shares of the stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 613,762 shares of the company’s stock, valued at approximately $81,519,868.84. The disclosure for this sale can be found here. Over the last three months, insiders have sold 856,222 shares of company stock worth $126,839,880. 30.84% of the stock is owned by insiders.

Airbnb Stock Performance

ABNB opened at $166.41 on Thursday. The firm has a market capitalization of $107.68 billion, a PE ratio of 22.98, a PEG ratio of 2.13 and a beta of 1.25. Airbnb, Inc. has a twelve month low of $103.55 and a twelve month high of $170.10. The firm’s 50-day moving average price is $154.37 and its 200 day moving average price is $139.70. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The firm 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%. As a group, sell-side analysts expect that Airbnb, Inc. will post 4.68 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ABNB. UBS Group lowered their target price on shares of Airbnb from $148.00 to $143.00 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. Needham & Company LLC raised their price target on shares of Airbnb from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. Barclays raised their price target on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Monday, January 29th. Wedbush reaffirmed a “neutral” rating and issued a $160.00 price target (up previously from $150.00) on shares of Airbnb in a report on Wednesday, February 14th. Finally, Susquehanna raised their price target on shares of Airbnb from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Wednesday, February 14th. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average target price of $144.96.

Airbnb Company 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.