Bryn Mawr Capital Management LLC Reduces Stock Holdings in Airbnb, Inc. (NASDAQ:ABNB)

Bryn Mawr Capital Management LLC trimmed its holdings in shares of Airbnb, Inc. (NASDAQ:ABNB) by 3.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,016 shares of the company’s stock after selling 258 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Airbnb were worth $922,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CAP Partners LLC boosted its stake in shares of Airbnb by 3.6% in the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock worth $293,000 after buying an additional 77 shares during the last quarter. Manchester Capital Management LLC boosted its stake in shares of Airbnb by 18.2% in the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock worth $69,000 after buying an additional 81 shares during the last quarter. Salvus Wealth Management LLC boosted its stake in shares of Airbnb by 2.5% in the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock worth $455,000 after buying an additional 84 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Airbnb by 19.3% in the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock worth $74,000 after buying an additional 94 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its stake in shares of Airbnb by 2.7% in the third quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock worth $468,000 after buying an additional 97 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO David C. Bernstein sold 1,000 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $137.00, for a total value of $137,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 40,581 shares in the company, valued at approximately $5,559,597. This represents a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Brian Chesky sold 38,461 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $137.49, for a total value of $5,288,002.89. Following the completion of the transaction, the chief executive officer now owns 12,577,839 shares of the company’s stock, valued at $1,729,327,084.11. The trade was a 0.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,876,329 shares of company stock worth $265,258,279. Company insiders own 27.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. HSBC raised Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Wedbush reaffirmed an “outperform” rating and issued a $155.00 price target on shares of Airbnb in a report on Tuesday, February 4th. Argus raised Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Phillip Securities reaffirmed a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a report on Tuesday, November 12th. Finally, UBS Group upped their price target on Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Five analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average price target of $146.48.

Airbnb Trading Up 1.8 %

Shares of Airbnb stock opened at $144.03 on Thursday. The firm has a market capitalization of $90.82 billion, a price-to-earnings ratio of 34.87, a PEG ratio of 3.52 and a beta of 1.12. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. 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 50 day moving average of $136.22 and a 200 day moving average of $131.58.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate 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, research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

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.