Airbnb, Inc. (NASDAQ:ABNB) Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. reduced its position in Airbnb, Inc. (NASDAQ:ABNB) by 19.6% in the 4th quarter, Holdings Channel reports. The firm owned 5,617 shares of the company’s stock after selling 1,369 shares during the period. Wrapmanager Inc.’s holdings in Airbnb were worth $738,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Verde Capital Management lifted its stake in Airbnb by 25.3% in the fourth quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after buying an additional 4,269 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Airbnb in the 3rd quarter valued at $34,982,000. Tri Ri Asset Management Corp purchased a new stake in Airbnb in the 3rd quarter valued at $6,352,000. J.W. Cole Advisors Inc. boosted its stake in Airbnb by 86.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after purchasing an additional 2,132 shares during the period. Finally, Baltimore Washington Financial Advisors Inc. grew its position in Airbnb by 14.8% during the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock worth $6,498,000 after purchasing an additional 6,357 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Airbnb

In related news, insider Nathan Blecharczyk sold 183,078 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $158.00, for a total value of $28,926,324.00. Following the sale, the insider now directly owns 164,850 shares of the company’s stock, valued at approximately $26,046,300. This trade represents a 52.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total transaction of $89,705.00. Following the transaction, the chief technology officer now directly owns 182,614 shares of the company’s stock, valued at $23,401,984.10. This trade represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,876,329 shares of company stock worth $265,258,279 in the last 90 days. 27.83% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 8th. TD Cowen boosted their price target on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Morgan Stanley increased their target price on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. Wedbush restated an “outperform” rating and set a $155.00 target price on shares of Airbnb in a research report on Tuesday, February 4th. Finally, Truist Financial lowered their price target on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research note on Wednesday, December 4th. Five investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $146.48.

Airbnb Stock Down 0.9 %

ABNB stock opened at $144.82 on Tuesday. The company has a 50 day moving average price of $135.71 and a two-hundred day moving average price of $131.30. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market capitalization of $91.31 billion, a P/E ratio of 35.07, a PEG ratio of 3.52 and a beta of 1.12. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 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%. As a group, sell-side analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

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.