Airbnb, Inc. (NASDAQ:ABNB) Holdings Decreased by Stephens Inc. AR

Stephens Inc. AR cut its position in shares of Airbnb, Inc. (NASDAQ:ABNB) by 1.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 20,210 shares of the company’s stock after selling 345 shares during the period. Stephens Inc. AR’s holdings in Airbnb were worth $2,656,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. Salvus Wealth Management LLC lifted its position in shares of Airbnb by 2.5% in the 4th 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. Koshinski Asset Management Inc. lifted its holdings in Airbnb by 3.8% in the third quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock worth $292,000 after acquiring an additional 85 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in Airbnb by 19.3% in the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock valued at $74,000 after acquiring an additional 94 shares during the period. Kingsview Wealth Management LLC grew its holdings in shares of Airbnb by 2.7% during the third quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock valued at $468,000 after purchasing an additional 97 shares during the last quarter. Finally, Y.D. More Investments Ltd raised its position in shares of Airbnb by 3.0% during the 4th quarter. Y.D. More Investments Ltd now owns 3,461 shares of the company’s stock worth $455,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Benchmark reissued a “buy” rating and set a $155.00 price target on shares of Airbnb in a report on Friday, November 8th. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a report on Monday, December 16th. TD Cowen boosted their target price on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Phillip Securities restated a “reduce” rating and issued a $120.00 target price on shares of Airbnb in a research report on Tuesday, November 12th. Six analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $139.63.

Insiders Place Their Bets

In related news, insider Nathan Blecharczyk sold 9,603 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the transaction, the insider now owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. This trade represents a 5.50 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total value of $28,088,477.80. Following the completion of the sale, the director now owns 10,321 shares of the company’s stock, valued at $1,352,876.68. The trade was a 95.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,417,704 shares of company stock worth $187,654,829. Company insiders own 27.83% of the company’s stock.

Airbnb Trading Down 0.5 %

Shares of NASDAQ ABNB opened at $134.52 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a market cap of $85.28 billion, a price-to-earnings ratio of 47.20, a P/E/G ratio of 1.88 and a beta of 1.12. The business has a fifty day simple moving average of $132.87 and a 200-day simple moving average of $129.87.

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.