Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Mirador Capital Partners LP

Mirador Capital Partners LP trimmed its stake in Airbnb, Inc. (NASDAQ:ABNB) by 10.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,082 shares of the company’s stock after selling 456 shares during the quarter. Mirador Capital Partners LP’s holdings in Airbnb were worth $536,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Northwest Investment Counselors LLC acquired a new stake in Airbnb during the third quarter worth about $25,000. Hollencrest Capital Management increased its position 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 purchasing an additional 200 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Airbnb during the third quarter valued at approximately $30,000. Quarry LP purchased a new position in shares of Airbnb in the 3rd quarter valued at $55,000. Finally, CVA Family Office LLC lifted its holdings in shares of Airbnb by 131.2% during the 3rd quarter. CVA Family Office LLC now owns 474 shares of the company’s stock valued at $60,000 after acquiring an additional 269 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Insider Activity at Airbnb

In other Airbnb news, CEO Brian Chesky sold 38,461 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $135.82, for a total value of $5,223,773.02. Following the transaction, the chief executive officer now directly owns 12,498,908 shares of the company’s stock, valued at $1,697,601,684.56. This represents a 0.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nathan Blecharczyk sold 9,603 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the sale, the insider now owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. This represents a 5.50 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 915,997 shares of company stock valued at $122,800,660. 27.83% of the stock is owned by insiders.

Airbnb Stock Down 1.8 %

Airbnb stock opened at $130.18 on Thursday. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average of $134.62 and a 200-day moving average of $132.22. The stock has a market capitalization of $82.53 billion, a PE ratio of 45.68, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the business earned $2.39 EPS. On average, equities research analysts anticipate that Airbnb, Inc. will post 3.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ABNB. Robert W. Baird boosted their price objective on Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Piper Sandler lifted their price objective on shares of Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Morgan Stanley upped their target price on shares of Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Monday. Barclays raised their target price on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Finally, Truist Financial lowered their price objective on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research note on Wednesday, December 4th. Six analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $139.81.

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.